Boost Payment Solutions’ B2B payments platform has delivered substantial cost reductions for its customers, achieving nearly 44% in interchange savings since Visa’s Commercial Enhanced Data Program (CEDP) launched in October. The company reported on Tuesday, June 23, that its platform has facilitated $14.7 million in acceptance cost savings across more than $1.2 billion in qualifying transaction volume. These savings are benchmarked against standard card-not-present rates, underscoring the program’s immediate and measurable financial impact for businesses operating within the B2B payments ecosystem.
Driving Efficiency Through Enhanced Data Standards
The significant savings are directly linked to Boost’s ability to meet the stringent data requirements of Visa’s CEDP. Boost certifies that an exceptional 99.99% of transactions processed through its platform consistently adhere to CEDP criteria, a testament to its robust compliance capabilities. Furthermore, the company’s innovative pre-funding model ensures that clients immediately benefit from these qualified, lower interchange rates, eliminating delays in realizing cost efficiencies, according to the press release.
“What’s emerging is a higher standard: data that is accurate, complete and verified at the moment of processing,” stated Dean Leavitt, Founder and CEO of Boost Payment Solutions, in the release. He emphasized that “Businesses that embrace this shift early will unlock real, measurable advantages. At Boost, we’ve long believed that smarter data is the foundation of smarter payments, and the manner in which we facilitate CEDP transaction validates that thesis at an industry level.” This perspective highlights the strategic importance of data integrity in modern payment processing.
Technological Edge in Compliance and Automation
Boost’s platform leverages advanced technology to ensure seamless CEDP compliance and maximize savings. Its system automates the parsing and real-time validation of invoice-level data, a critical step to meet CEDP’s intricate qualification thresholds. The integration of artificial intelligence capabilities further maintains the high accuracy and consistency demanded by the program, minimizing manual intervention and potential errors. Additionally, Boost’s payments-as-a-service gateway extends these capabilities across its acquiring partners’ portfolios, broadening the reach of its compliant processing solutions, as detailed in the release.
Zachary Held, Chief Product Officer at Boost Payment Solutions, underscored the platform’s user-centric design: “Every product decision we’ve made around CEDP comes down to making qualification effortless for our clients while ensuring their data holds up to network scrutiny every single time.” This focus on ease of use combined with rigorous data validation is central to the platform’s success.
Visa’s CEDP: A Paradigm Shift in Interchange
Visa’s Commercial Enhanced Data Program, introduced in October, represents one of the most comprehensive changes to interchange qualification in decades, fundamentally altering how B2B transactions are processed and priced. PYMNTS.com reported in October that CEDP directly links lower interchange rates to the accuracy and transparency of the transaction data submitted by suppliers, creating a clear incentive for data quality. Boost had previously announced its full readiness to support clients through CEDP at its launch, noting that an impressive 99.96% of transactions processed through its platform already met the new requirements, demonstrating proactive preparation.
In an interview with PYMNTS CEO Karen Webster at the time of CEDP’s introduction, Dean Leavitt explained the core principle behind the program’s design: “This is all about validating the data and making sure that it’s accurate and real so that the supplier can enjoy the lower interchange rate.” The program officially phased out Visa’s legacy Level 2 interchange program in April, replacing it with the new, data-driven system that rewards enhanced data submission.
The demonstrable savings achieved by Boost’s platform under CEDP highlight a growing imperative for businesses to adopt sophisticated data management solutions in B2B payments. As payment networks increasingly evolve towards greater data transparency and accuracy, early adopters leveraging robust technological platforms stand to gain significant financial advantages, operational efficiencies, and a competitive edge in the evolving landscape of commercial transactions.
