<?php
$password = "foo";
$salt = mcrypt_create_iv(22, MCRYPT_DEV_URANDOM); 
$hash = password_hash($password, PASSWORD_BCRYPT, array("cost" => 14, "salt" => $salt);
// Store Hash

if (password_verify($password, $hash)) {
    // Password Is Correct
} else {
    // Password Is Not Correct
}
?>