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To provide commercial cardissuers, cardholders and vendors with further automation and flexibility, Boost Payment Solutions is teaming with Visa. The tie-up will harness Boost Intercept, which is a technology for straight-through processing and Dynamic Boost, which uses rules-based pricing for commercial card payments.
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Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA). It initiates data exchange among the merchant, cardissuer, and customer to validate the payment. This provides an additional layer of security.
These are the largest events in the financial services industry geared towards payments and card technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart payments firms and cardissuers.
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