Is it possible your browser might be replacing the password you're putting in with a saved password? Just as a test, try logging in to SmarterMail from a guest/incognito session and update the certificate password one more time. I have seen the browser auto-fill attempt to update passwords here even though these fields are marked as not to be auto-filled!
Kyle Kerst
IT Coordinator
SmarterTools Inc.
www.smartertools.com