CybersecuritySoftwareTechnology

Boost Payment Solutions Achieves Near-Perfect Compliance With Visa’s New B2B Transaction Standards

Boost Payment Solutions has demonstrated exceptional compliance with Visa’s new Commercial Electronic Data Program (CEDP), processing 99.96% of transactions meeting the enhanced data requirements. The company’s preparation ensures clients receive the lowest available interchange rates while navigating one of the most significant payment qualification changes in decades. This achievement reflects the growing importance of data accuracy in B2B transactions.

Visa’s Transformative B2B Payment Program

Boost Payment Solutions has achieved a remarkable compliance rate with Visa’s new Commercial Electronic Data Program (CEDP), with sources indicating that 99.96% of transactions processed by the company meet the program’s enhanced requirements. According to reports, CEDP represents one of the most significant changes to interchange qualifications in decades, replacing Visa’s previous Level 2 and Level 3 interchange structures with a framework centered on real-time data validation.

BusinessStartups

Former Luminar CEO Austin Russell Seeks to Reacquire Autonomous Vehicle Tech Firm

Austin Russell, the former CEO who left Luminar Technologies earlier this year, is making a bid to regain control of the lidar company he founded. According to SEC documents, Russell aims to acquire all outstanding shares through his newly formed Russell AI Labs while keeping the company publicly traded.

Billionaire Founder Seeks Company Buyback

Former chief executive officer Austin Russell is attempting to reclaim control of Luminar Technologies, the autonomous vehicle sensor company he founded and led until his abrupt resignation earlier this year. According to reports, the 30-year-old billionaire has filed documents with the SEC indicating his intention to acquire “100% of the outstanding shares of the Class A Common Stock” in Luminar through his new venture, Russell AI Labs.