New AOL Service Moves Past Passwords

For some AOL users, passwords have just become the computing dinosaurs. America Online has partnered with RSA Security to create AOL PassCode, a premium service that secures and manages AOL ScreenNames.

AOL PassCode utilizes RSA's SecurID two-factor authentication scheme where a random six-digit numeric code is generated in intervals of 60 seconds from a keychain sized device. AOL claims that this added safeguard provides a second level of account protection.

The service is primarily directed toward small business and customers who pay bills and manage funds online. PassCode costs an additional $1.95 USD per month, with a one-time service fee of $9.95 USD.