AR Automation Special Series: The Virtual Card Revolution with Dean Leavitt, Boost Payment Solutions

Leaders In Payments

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5M ago 21:41

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This episode is sponsored by American Express. Dean Leavitt, founder and CEO of Boost Payment Solutions, takes us behind the scenes of a revolution happening in enterprise-level B2B payments. Founded to fill a critical gap in the market, Boost has spent 16 years perfecting technology that streamlines how large organizations pay their suppliers.
At the center of our discussion is the transformative power of virtual cards – single-use payment instruments that dramatically enhance security while simplifying operations. Unlike traditional payment methods that require companies to maintain sensitive banking information of thousands of suppliers, virtual cards create a secure, automated payment flow that dramatically reduces fraud risk. As Dean proudly shares, Boost has never experienced a single chargeback or fraud loss in its entire history.
The conversation spotlights Boost's groundbreaking collaboration with American Express, featuring their patented Boost Intercept technology. This innovation solves a persistent pain point in virtual card adoption by converting what were once manual, email-based payment processes into fully automated, straight-through experiences. The partnership enables American Express corporate customers to shift more spending to virtual cards while eliminating operational friction for suppliers receiving these payments.
Beyond the technical details, Dean shares insights into the "PARTS" framework (Pricing, Automation, Reporting, Timing, Security) that guides their approach to payment optimization. The conversation reveals how thoughtful technology implementation creates genuine win-win scenarios for both sides of the transaction equation, making this a fascinating exploration of how innovation is reshaping corporate financial operations.

Chapters

1. Introduction to Boost Payment Solutions (00:00:00)

2. Virtual Cards in B2B Transactions (00:03:06)

3. American Express Collaboration (00:06:26)

4. PARTS Framework and Security Benefits (00:09:22)

5. Streamlining Payment Processes (00:14:32)

6. Boost Intercept Implementation (00:16:15)

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