Profile

Boost Payment Solutions was founded to address the nuanced and complex payment needs of large enterprises. Dean M. Leavitt, with over 20 years of experience in the payments industry, identified a significant gap in the ecosystem. Despite the global B2B market being estimated at $125 trillion—dwarfing the B2C market—there was a notable absence of solutions specifically designed for B2B payments. Attempts by incumbent players to adapt B2C solutions had consistently failed. Recognizing this unmet need, Leavitt founded Boost in 2009 to create purpose-built B2B payment solutions for large enterprises, optimizing the use and acceptance of commercial cards.

Today, Boost is widely recognized as the global leader in enterprise-level B2B payments. Its patented technology solutions bridge the needs of buyers and suppliers worldwide, eliminating friction while delivering process efficiency, payment security, data insights, and revenue optimization. Operating in over 180 countries, Boost serves more than half of the Fortune 100 companies and collaborates with the top ten commercial card issuers in the U.S., making or receiving payments through the Boost network.

Visit www.boostb2b.com

Key Products

Boost Intercept®, the company’s patented Straight Through Processing (STP) platform, eliminates the manual workflows traditionally associated with commercial card acceptance. It provides end-to-end payment and data automation, offering the highest levels of data security and fraud prevention available.

Breaking away from traditional, rigid card-based pricing models, Dynamic Boost® offers buyers and suppliers greater pricing flexibility and the ability to enforce agreed-upon payment behavior in real time.

The Boost 100® platform consolidates all the solutions and services large enterprises need to enable up to 100% of their accounts payable (AP) spend on commercial cards. The Boost 100XB® feature, launched in 2024, enables U.S.-based buyers to use their existing commercial cards to easily and affordably pay suppliers in over 180 countries worldwide.

Key Executives

Dean M. Leavitt, Founder & CEO

Dean M. Leavitt is a well-respected veteran of the electronic payments industry with over 30 years of experience in leadership roles at both public and private companies. Dean founded Boost Payment Solutions in 2009 to meet the untapped needs of the B2B payments industry with patented technology solutions that seamlessly serve the needs of today’s commercial trading partners. Immediately prior to forming Boost Payment Solutions, Dean served as the bankruptcy court-appointed Interim President of Cynergy Data, where he led the credit card processing company through its restructuring and sale process. Prior to Cynergy Data, Dean served as Chairman and CEO of publicly traded US Wireless Data. Prior to US Wireless Data, Dean founded and served as President of US Data Capture, a New York-based credit card processing company serving the institutional marketplace. While at USDC, Dean entered into ground-breaking card acceptance agreements with many businesses and institutions that had not previously considered card acceptance as a form of payment, including hospitals, universities, municipalities and supermarkets.

Illya Shell, Chief Operating Officer

Illya Shell has had a broad career that spans Product Management and Innovation, Partnerships and Business Development, Information Technology, and Strategy. He joined Boost in May 2023 and is responsible for directing and executing key initiatives across the company that drive the corporate strategy. Before joining Boost, Illya served as the Head of Integrated Partnerships at Plastiq, where he led the Business Development and Go-To-Market functions for their embedded finance business. Prior to Plastiq, Illya spent eight years at Mastercard, within their Global and US Commercial Products organizations, including serving as Vice President of Small Business Product Development, Management and Partnerships in North America.

Mariana Lamson, Chief Financial Officer

With over three decades of distinguished experience in finance and leadership roles within both public and private enterprises, Mariana is a CPA and a seasoned financial executive known for driving financial strategies, fostering operational excellence, and enhancing shareholder value. She joined Boost Payment Solutions as the company’s first Chief Financial Officer in 2021. At Boost Mariana has responsibility for all aspects of accounting and finance as well as compliance and risk management.

Seth Goodman, Chief Revenue Officer

Seth Goodman joined Boost in December 2022 and his team is responsible for managing Boost’s global sales and product organizations. Seth brings over 20 years of business development, strategy and product management experience to the firm. Before joining Boost, Seth served as the Chief Revenue Officer at WebBank, where he led business development and strategy. Prior to WebBank, Seth led business development for Marcus by Goldman Sachs’ Banking as a Service vertical and various roles at Citibank including serving as Product Management Head of Citibank’s North America Commercial Card division.

Rebecca Schultz, Chief Marketing Officer

Rebecca Schultz is a financial services professional with 20+ years of experience in B2B and B2C marketing and product management. She joined Boost Payment Solutions as the company’s first Chief Marketing Officer in 2021. Rebecca has primary responsibility for establishing Boost as the primary thought leader and solution provider in the B2B payment industry through earned, owned and paid marketing strategies, sales support and demand generation campaigns. Prior to joining Boost, Rebecca served as Merchant Services Marketing Executive at Bank of America. She previously led product marketing and co-brand partnership marketing for the Bank of America Merchant Services joint venture and spent nine years at Ally Bank in a variety of senior product management roles. In 2024, Rebecca was named to the American Banker Most Influential Women in Payments NEXT list.

James Lister, Chief Architect

James Lister joined Boost in July 2010 and as one of the original employees has helped Boost grow into a leader in the business-to-business technology and services space. James was responsible for managing Boost’s domestic and global technical, operational and product initiatives during its early years. James brings over 45 years of operational, business development, strategy, and product management experience to the firm. Before joining Boost, James served as the B2B Product Manager for First Data Corporation, where he oversaw all B2B business development and strategy initiatives.

Rick Kenneally, Chief Technology Officer

Rick is a financial technology leader with 40 years’ experience covering payments, capital markets, finance and data governance. He joined Boost Payment Solutions as CTO in February of 2020 with the primary responsibility of implementing a technology platform to support Boost’s rapid growth and to develop new solutions for customers. In addition, Rick owns the responsibilities of a CIO, ensuring the security and resilience of Boost’s infrastructure and maintaining regulatory compliance.

Zach Held, Head of Product & Commercialization

Zach joined Boost in May of 2023 and is responsible for managing Boost’s product and commercial organization. Zach brings 15 years of product and strategy experience across financial services, with a specific focus on lending and payments. Prior to joining Boost, Zach led Goldman Sachs’ proprietary point-of-sale lending business, MarcusPay. Zach previously held leadership roles in product, partnerships, and strategy at various Financial Institutions, including Bank of America and HSBC.

Customer Insights

“Boost’s technology and expertise has enabled us to maximize the benefits of our card program in ways no other credit card processor was able to do.” – Corporate Procurement Systems Team, International Financial Services Company

“We’re achieving significantly reduced processing fees. And Boost takes a burden off our credit team on the front end of processing virtual cards. And we’re not going backwards at the end of these transactions when the cash gets applied.” – Brenda Crowder, Assistant Treasurer, Ferguson

“We are driving new B2B acceptance through our global partnership with Boost Payment Solutions.” -Michael Miebach, CEO of Mastercard

“Boost’s technology is ground-breaking and has reinvented how commercial card payments are initiated, received and processed.” – Richard Ciamillo, Vice President of New Markets, Mastercard Worldwide

“We’ve seen a huge uptick in card issuance on the AP side and want to be a step ahead as it progresses to the receiving end. We are extremely excited about this new partnership with Boost, as it further solidifies our commitment to progress and meeting our customers’ evolving needs for innovative and efficient payment solutions.” – Steve Smith, U.S. Chief Operating Officer, Esker

“Instead of the uncertainty of 90-120 days, we get paid within a week of invoicing. That’s one less headache for me and eliminates multiple e-mails with the customer, trying to get a realistic idea of when that payment will get received.” -Chris Rundell, Founder & CEO, Reel Cap

“It almost seemed too good to be true…money is allocated to our bank account within days, a week at the most. [It] freed me up to do what I like to do- designing antennas, manufacturing, and actually supporting our customers in a timely fashion…the overall experience has been wonderful…It’s a win-win for everyone involved.” -Dan Barton, President, Alive Telecom

“It’s truly peace of mind. It removes the headache and stress of chasing payments, wondering when you’re going to get paid, and the speed of the payments are awesome.” -Bill Lovins, Owner & President, Lovins Communications

Investors

Boost has received funding from several external investors including Mosaik Partners, Inwe Capital, and Invictus Growth Partners.

Corporate Responsibility

At Boost Payment Solutions, Dean M. Leavitt has built a community that understands the power of teamwork. He believes that by providing opportunities for individuals to grow and thrive, the organization itself will grow and thrive. Leavitt has intentionally surrounded himself with a diverse team of payment professionals. In the most recent employee survey, 50% of respondents identified as non-white, with 32% identifying as Black or of multiple races. Leavitt has also invested in emerging leaders within the company by sponsoring nominations for industry programs, including the Electronic Transaction Association Young Payment Professionals, Money2020 Amplify, and Women in Payments.

Boost’s solutions continue to evolve as corporate priorities shift. Over the past two years, fraud prevention and environmental impact have become top concerns for CFOs. As bad actors target B2B payments, Boost has processed tens of billions of dollars in transactions with zero fraud losses. The Boost Intercept platform ensures that card numbers are never exposed to client employees or systems, eliminating the risk of sensitive payment data breaches. Additionally, Boost’s solutions are fully digital, replacing paper checks, statements, and reporting with electronic data transfers, which helps companies reduce their carbon footprint and paper usage.

Boost operates under five core values that guide both day-to-day operations and long-term strategies:

• Blaze the Trail: Boost is a leader in B2B payments, driving the industry forward with technology, expertise, and experience.


• Be Bold: The company embraces the unknown, celebrates new ideas, and continually seeks new solutions to meet the evolving needs of clients and partners.


• Listen First: Boost values listening as its most powerful asset.


• By truly hearing its clients and partners, the company can offer unique, tailored solutions.


• Act Responsibly: Integrity is at the core of Boost’s operations.


• The company is committed to delivering on its promises in a transparent and ethical manner.


• Better Together: Boost fosters a community that values teamwork and understands that providing opportunities for individuals to grow and thrive leads to a growing, thriving organization.