1Password partners with Brex to secure payments

Brex and 1Password have formed a partnership to make “secure and frictionless” online payments, according to a Tuesday, January 25, 1Password blog post by browser experience manager Andrew Beyer, who notes that 1Password customers can now use Brex virtual credit cards to pay 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 business expenses and manage leads in one place,” the blog post states. “1Password teams and Business customers can now connect their Brex account to 1Password for secure, frictionless online payments in just two clicks.”

Brex customers can now autofill their company and vendor card information while paying anywhere on the web from 1Password, while admins can also create and populate vendor cards during checkout.

After 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 company cards and supplier cards (admins only) through 1Password in the browser, which they can manage from their Brex dashboards.

Maps and all updates are immediately available in the 1Password Brex employee vault. Brex virtual cards can be created, stored and used for payment anywhere on the web, according to the announcement.

Related: How Advanced Tools Like AI Can Help UCs Fight Fraud in the Age of Digital Banking

Online payment security is increasingly becoming a priority across the 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 have flowed through his business has intensified his need for infrastructural innovations, he said.

Digital expansions and mergers are improving user accessibility and helping UCs better respond to member demands, but these changes have also generated several challenges, with fraud topping the list, resulting in more than $154 million in losses in the world in 2020.

Nearly three-fifths (56%) of US consumers say they have been victims of fraud in the past two years.

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NEW PYMNTS DATA: AUTHENTICATION OF IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021

On:More than half of US consumers believe biometric authentication methods are faster, more convenient and more reliable than passwords or PINs. So why do less than 10% use them? PYMNTS, in collaboration with Mitek, surveyed more than 2,200 consumers to better define this perception in relation to the usage gap and identify ways companies can increase usage.

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