Secure authentication may be facilitated using a biometric-enabled transitory password authentication device. Exemplary implementations may facilitate secure payments and/or authentication via an application running on a user computing platform (e.g., a mobile device) simultaneously coordinating with both a server and the authentication device, which may act in some respects as an external hardware token. Exemplary implementations may rely on combining three parameters to establish a three-factor based approach to authentication in a fraud-free manner for digital wallets, third-party software, and/or other purposes. The three-factor based approach to authentication may require something the user possesses (e.g., the authentication device), something the user is (e.g., a biometric identifier such as a fingerprint), and something the user knows (e.g., an image or numeric based pin used to unlock the authentication device). The authentication device may include a time-based one-time password (TOTP) generator made accessible by a fingerprint matching algorithm.