Digital Banking

Corserv partners with Boost to expand card offerings for FIs

August 24, 2021

Corserv, a payments programs provider for banks and fintechs, has partnered with Boost Payment Solutions to deliver commercial card offerings for financial institutions.

With this partnership, Corseer's clients can enable their suppliers to accept straight-through processed virtual card payments with automated funding into the bank account, according to a press release.

This solution will not require any hardware or software and the remittance data can be sent in the supplier's preferred format for reconciliation. Banks will be able to increase commercial card spend from the virtual cards, while also expanding their network of commercial card acceptors.

"At Corserv it is important for us to continue adding value to our product," Anil Goyal, president at Corserv, said in the release. "The integration with Boost allows Corserv customers to compete in today's digital world, providing a turn-key virtual card ePayables enablement solution for banks who normally wouldn't have the resources."