How does password-less authentication work?

Honest Dollar uses a password-less login system. During the initial signup process Honest Dollar will request to send you a unique one-time access code either through SMS or email. This code is only valid for a short period each time you request it. You use this code to complete the login process into the Honest Dollar application.

On every subsequent login attempt you will receive a new unique one-time access code instead of being asked to remember a password. Aside from extra security gained by our password-less authentication method you also don’t need to remember a cryptic password in order to access your account.

For critical tasks following the initial signup process you will be asked to validate certain information within the application as a form of 2 factor authentication.