OAKBROOK TERRACE, Ill., and ZURICH, Switzerland, November 19, 2013 - VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a leading software security company specializing in authentication products and services, today announced the launch of DIGIPASS 760, a visual transaction signing solution. DIGIPASS 760 is the first successful integration of Cronto’s patented solution into VASCO’s DIGIPASS product line.
DIGIPASS 760 is an innovative authentication device targeted towards banks, enabling them to establish a secure optical communication channel with the client. The solution works with the CrontoSign technology whereby a graphical cryptogram consisting of a matrix of colored dots is displayed on the bank’s website.
Account holders enter their transaction details on the bank’s website. These details are then encrypted and presented as a graphical cryptogram on the user’s computer or tablet. Users simply “scan” this image with the DIGIPASS 760’s built-in camera. The DIGIPASS 760 instantly captures and decrypts the colored cryptogram and the transaction details are presented on the DIGIPASS color display for user verification. A signature is then generated on the DIGIPASS 760 which the user enters on the bank’s website to confirm the transaction.
The solution offers an ultimate user convenience as what you see, is what you sign. User interaction is reduced since the encrypted data from the PC display are automatically transferred to DIGIPASS 760. The innovative transaction signing solution is also future-proof as it provides banks with an option to create their own text or messaging on the display allowing them to add different applications and adapt to the threats and business requirements of tomorrow.
“We are very excited to introduce DIGIPASS 760, the first complete integration of Cronto’s technology in the DIGIPASS portfolio,” says Jan Valcke, President and COO of VASCO Data Security. “DIGIPASS 760 is a high-level transaction signing solution helping banks to mitigate attacks poised by malware or through social engineering specifically targeted at online banking. The solution excels in user-friendliness, as transaction data are automatically captured by the device and clearly displayed for verification. DIGIPASS 760 meets the highest demands for security in online and mobile banking”.
DIGIPASS 760 will be showcased at Cartes on November 19, 20 and 21 in the Paris-Nord Villepinte Exhibition Center (hall 4, booth n° J 027).
More information on DIGIPASS 760 can be found on VASCO’s website: www.vasco.com/DIGIPASS_760
Forward Looking Statements:
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. These forward-looking statements (1) are identified by use of terms and phrases such as “expect”, “believe”, “will”, “anticipate”, “emerging”, “intend”, “plan”, “could”, “may”, “estimate”, “should”, “objective” and “goal”, “possible”, “potential”, and similar words and expressions, but such words and phrases are not the exclusive means of identifying them, and (2) are subject to risks and uncertainties and represent our present expectations or beliefs concerning future events. VASCO cautions that the forward-looking statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These risks, uncertainties and other factors have been described in greater detail in the Annual Report on Form 10-K for the fiscal year ended December 31, 2010 filed with the Securities and Exchange Commission and include, but are not limited to, (a) risks of general market conditions, including currency fluctuations and the uncertainties in world economic and financial markets, (b) risks inherent to the computer and network security industry, including rapidly changing technology, evolving industry standards, increasing numbers of patent infringement claims, changes in customer requirements, price competitive bidding, and changing government regulations, and (c) risks specific to VASCO, including, demand for our products and services, competition from more established firms and others, pressures on price levels and our historical dependence on relatively few products, certain suppliers and certain key customers. Reference is made to VASCO's public filings with the U.S. Securities and Exchange Commission for further information regarding VASCO and its operations.
This document may contain trademarks of VASCO Data Security International, Inc. and its subsidiaries, including VASCO, the VASCO “V” design, DIGIPASS, VACMAN, aXsGUARD and IDENTIKEY.
For more information contact: Jochem Binst, +32 2 609 97 00, [email protected]
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