Canadian cybersecurity firm 1Password has partnered with FinTech Brex to simplify online payments and make them secure and frictionless.
According to FinTech Finance, the new integration will help companies protect critical financial information and identities. Online purchases will be able to be made quickly and securely, as information stored in a customer’s Brex vault will be automatically synced with 1Password to make sure users always have access to the most up-to-date version of their Brex virtual cards.
If a user’s card is compromised, they are able to delete their card from either firms’ dashboards to ensure no further payments go through. Those customers who have heightened security concerns, the integration enables the development of a single-use card to make sure the card can only be used once.
The integration will also give employees control over card security and spend by capping limits and storing card numbers securely and will simply the online checkout process by auto-populating card details directly into the credit card field within any online payment form. The integration will furthermore provide the ability for unlimited virtual cards to be instantly issued with custom limits to support initiatives or budgets at the time of checkout.
1Password CEO Jeff Shiner said, “Businesses today want to accomplish more in less time, but with the reassurance that their financial information is protected online. 1Password’s integration with Brex is the first of its kind in financial services. It will give customers peace of mind over their business spend while promoting a culture of security within their organizations.”
Brex CTO Cosmin Nicolaescu added, “The integration with 1Password creates a frictionless and secure online checkout experience for customers using their Brex virtual card. It also helps companies manage their business spend with preset spending limits. This partnership is an excellent example of how the Brex API can help customers with custom workflows to create efficient and time-saving practices.”
1Password recently extended its valuation to $6.8bn after it closed a star-studded Series C round on $620m. Brex also recently raised an additional $300m in a Series D-2 round.
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