Boost Payment Solutions Inc. has entered a strategic collaboration with BMO Harris Bank to deliver fully integrated processing to corporate card customers.

"Through this alliance with Boost, we can deliver a best in class, fully integrated and automated STP payment option for our clients in the United States and in Canada," Steve Pederson, head of North American corporate card products at BMO, said in a joint release. "Collaboration with leading fintech partners like Boost helps our partners streamline the B2B payments process, better support cash flow needs and simplifies the process suppliers traditionally go through to accept a payment."

Boost, a New York-based fintech acquirer that focuses on B2B payments, offers a proprietary straight-through-processing technology called Boost Intercept that helps convert manually processed virtual payment cards into a more passive acceptance experience.

"Now more than ever, navigating uncertain times requires operational continuity, automation and expedited payment processes for businesses," Dean Leavitt, founder and CEO of Boost Payment Solutions, said in the release. "We're excited to work with BMO Harris Bank to offer their portfolio of clients, Boost's peerless product set, and processes designed to maximize commercial card acceptance."