Many financial websites and telephone services ask for only parts of a password, such as the 2nd, 3rd, and 8th characters. These are known as "Partial Passwords".
Key Place is designed to make the process of storing and entering these passwords much easier by both securely storing passwords, and revealing only the characters you need when you need them.
Passwords are stored securely on your device, and encrypted with salted AES 128 with key stretching. Your master password is securely stored in the iOS keychain, for extra security.