An Excellent Password Manager and Data Vault for iPhone

Strip is an excellent password manager cum data encryption app that secures your passwords, financial details, and other data on your iPhone, iPod Touch and iPad from prying eyes. All of your data are encrypted using 256-bit AES Encryption algorithm. Strip uses the peer-reviewed and open-source encryption engine SQLCipher in conjunction with OpenSSL.
Following are key features of Strip:

• 256-bit AES Encryption and secure password protection for 100% of your data
• Customizable entries including usernames, passwords, websites, notes, etc, or create your own fields
• Full text searching and recently-viewed entry list
• Shake-n-Make password generator
• Launch websites, telephone calls, and emails straight from App
• Synchronization and backup with the free Strip Sync companion for Mac OS X and Windows

Strip is available in two versions. Lite is free and has all the features of the Strip Password Manager & Data Vault but is limited to 10 entries and does not support backup and synchronization over WiFi with Strip Sync.