Brex and 1Password have formed a partnership to make online payments “secure and frictionless,” according to a Tuesday (Jan. 25) 1Password blog post by Browser Experience Lead Andrew Beyer, who notes 1Password customers can now use Brex virtual credit cards to check out online in two clicks.
“Growing businesses choose Brex because their all-in-one platform of financial software, services, and products makes it easy to control corporate spending and manage runway in one place,” the blog post says. “1Password Teams and Business customers can now connect their Brex account to 1Password for frictionless, secure online payments in just two clicks.”
Brex customers can now autofill their corporate and vendor card information while checking out anywhere on the web from 1Password, while administrators can also create and fill vendor cards during checkout.
Once employees connect their Brex and 1Password accounts, a Brex vault is created in their 1Password account, the announcement says. Users have access to their Brex corporate cards and vendor cards (admins only) through 1Password in the browser, which they can manage from their Brex dashboards.
The cards and all updates are immediately available in employees’ 1Password Brex vault. Brex virtual cards can be created, stored, and used for payment anywhere on the web, per the announcement.
Related: How Advanced Tools Such as AI Can Help CUs Curb Fraud in the Digital Banking Age
Online payment security is becoming more of a priority across the entire financial landscape, said Kelly Albiston, senior vice president and chief technology officer of digital product development at Mountain America Credit Union.
The volume of Paycheck Protection Program (PPP) loans and stimulus payments that passed through his company intensified its needs for infrastructural innovations, he said.
Digital expansions and mergers are boosting user accessibility and helping CUs better meet their members’ demands, but these shifts also have generated several challenges, with fraud at the top of the list, leading to more than $154 million in losses globally in 2020.
Almost three-fifths (56%) of U.S. consumers claim they have been victims of fraud in the past two years.