Dean M. Leavitt
About Dean M. Leavitt
Dean M. Leavitt Founder & CEO of Boost Payment Solutions
Dean M. Leavitt is the Founder and Chief Executive Officer of Boost Payment Solutions, LLC, a company specializing in commercial card payments. Under his leadership, Boost Payment Solutions has executed numerous strategic agreements with major financial institutions like Mastercard, Wells Fargo Bank, and Citibank. Leavitt has overseen the launching of various initiatives including the Boost Intercept gateway and custom B2B portals. His efforts have positioned the company on the Inc. 5000 list of America's fastest-growing private companies multiple times.
Formation and Milestones of Boost Payment Solutions
Boost Payment Solutions, LLC, was formed by Dean M. Leavitt. The company's significant milestones include boarding the first supplier, launching the first check-to-card migration campaign, and processing its first Boost Intercept transaction. The company has executed ISO agreements with industry giants like First Data, Vantiv (now WorldPay), and Allied Irish Bank. Boost has also expanded internationally, entering markets in Canada, the UAE, Australia, Brazil, and more. It celebrated its 10-year anniversary and continued growth secured $12 million in Series B funding.
Strategic Alliances and Agreements
Under Dean M. Leavitt's leadership, Boost Payment Solutions has entered into strategic alliances and executed agreements with major financial entities. Noteworthy agreements include those with Mastercard for a global framework and partnership to expand commercial card use. Boost has also formed enablement agreements with Wells Fargo Bank, Citibank, U.S. Bank, and Finexio. Recent partnerships extend to companies like CoupaPay, GHX, Paymentez, and MIT (Mexico). The company also marked the largest commercial card payments on record, with a notable transaction of $31 million.
Technological Achievements and Innovations
Boost Payment Solutions, under the stewardship of Dean M. Leavitt, has achieved technological milestones including the launch of the Boost Intercept gateway and the introduction of Dynamic Boost. The company has received U.S. and Canadian patents for these technologies. In 2020, Boost launched a new ‘Gen 3’ proprietary in-house processing platform. The company has completed rigorous industry certifications such as PCI DSS Level 1 and SOC 2, Type 2, ensuring high standards of security and compliance. Boost's innovations have also secured integrations into platforms like Bilt Rewards and led to strategic partnerships with players like Coupa, Conferma Pay, and Robobai.
Boost Payment Solutions Global Expansion
Boost Payment Solutions has substantially expanded its global footprint under Dean M. Leavitt's leadership. The company now operates in over 40 countries and territories. Expansion initiatives include entering strategic markets such as the Caribbean through Mastercard, launching operations in Europe, Asia, and Latin America, and processing the first commercial card payments in new geographies like Colombia and Brazil. The company has also completed global framework agreements to further international acceptance and use of commercial cards.