Recent News

Boost Payment Solutions Adds Visa as B2B Partner


October 16, 2020 | The Nilson Report | NEW YORK -- Last year, commercial card purchase volume generated by cards issued in the U.S. reached an all-time high of $1.523 trillion, which amounted to 22.7% of combined commercial and consumer purchase volume, also an all-time high. The potential purchase volume that could migrate to commercial cards is enormous. Business-to-business (B2B) spending is believed to be in the $20-trillion range in the United States and to exceed $100 trillion worldwide. Boost Payment Solutions pursues commercial card spending opportunities at large enterprises—public and private corporations and government agencies—where its end-to-end, straight-through processing (STP) system can best benefit buyers and sellers (suppliers). Buyers use Boost to initiate payments to suppliers when it best suits their own days payable outstanding (DPO), maximizing working capital. Suppliers and buyers benefit from the automatic reconciliation to their enterprise accounting systems from STP. In B2B, every buyer is ...

Point Predictive Secures Series B Growth Financing Led by Napier Park Financial Partners


September 23, 2020 | | SAN DIEGO, Calif. -- Point Predictive Inc., the San Diego-based company that provides machine learning solutions to the lending industry, today announced that it has completed its Series B growth financing. Napier Park Financial Partners led the investment round with participation from the company’s existing investor, Mosaik Partners. The company also announced it has hired Michael Housman as its new Chief Technology Officer and promoted Eric Werab to Chief Revenue Officer to facilitate the rapid growth Point Predictive is experiencing. Point Predictive has gained wide adoption of its Ai+Ni scoring solutions across the automotive and fintech markets over the last 18 months. The company’s Auto Fraud Manager, IncomePASS™, and Synthetic ID Alert solutions are quickly becoming de facto standards for auto lenders experiencing significant growth in their portfolios and looking to control their risk and streamline underwriting. The new funding will help the company ...

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