KBC Securities secures Bolero customers with VASCO’s DIGIPASS 270
OAKBROOK TERRACE, Illinois and ZURICH, Switzerland – May 27, 2009 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), a leading software security company specializing in authentication, and KBC Securities, the largest brokerage company in Belgium, announce that KBC Securities is using DIGIPASS® 270 to secure its Bolero customers. The introduction of DIGIPASS for Bolero customers coincides with the launch of the new Bolero website.
Bolero is KBC Securities online platform where individual investors can self-manage their investment portfolio. Bolero provides access to more than 20 markets including most European markets (including CEE), the US and Canadian markets. With Bolero the individual investor disposes of the same tools as professional and institutional investors. The new website includes access to online information, such as analyst reports and advanced search capabilities to assist the investor in taking the right decision.
DIGIPASS 270 is lightweight ultra-portable authentication device which fits into the customer’s wallet. The device is activated through a PIN-code. Once the PIN-code is entered onto the DIGIPASS 270, a dynamic password will be generated. This One-Time Password (OTP) will allow to user to access the Bolero website. DIGIPASS 270 is used in conjunction with VASCO’s VACMAN® authentication technology on the server side.
New Bolero customers will immediately receive their DIGIPASS and access-ID when they open their account. The new website can only be accessed using DIGIPASS protection as a result existing customers will gradually migrate to the new website. Existing customers in Belgium will migrate first, Eastern European countries, including Poland, Hungary, Romania and the Czech Republic will be rolled out in a next phase.
“We chose to work with VASCO to enhance the security of our brokerage service because of the personalization options they offered. We want to promote the Bolero brand name more actively. The DIGIPASS 270 is a good fit for our brand strategy: we are able to differentiate ourselves and personalize the authenticator. Furthermore the DIGIPASS offers high security with a gadget like appearance. It can be stored in the wallet. As a result users can easily carry it anywhere, which responds to their need to be able to quickly respond to the market and buy stock whenever and wherever at the best time.”, says Luc Aspeslagh, Managing Director at KBC Securities.
“KBC is a longstanding customer of VASCO. We closely work together to offer user-friendly and accessible solutions for online banking. We are happy to see that our collaboration extends beyond retail banking with the launch of the new secure Bolero website.”, says Jan Valcke, President and COO at VASCO Data Security.
For more information, visit: www.vasco.com and www.bolero.be
About KBC Securities
KBC Securities (www.kbcsecurities.com) is one of Belgium’s leading equity specialists. Over 20 years KBC Securities has developed longstanding relationships with an extensive client base, providing stock broking, equity research, securities services, corporate finance, retail, sales, market making services.
KBC Securities has a large international institutional sales team and an extensive research team covering a broad range of sectors. KBC Securities also has strong trading capabilities, with a leading trading position and market share on Euronext.
The corporate finance team offers strategic and financial advice to both listed companies and privately held corporations.
For self-directed retail investors KBC Securities combines the expertise of a professional stockbroker and excellent service in very efficient transactional websites in six different countries: Bolero in Belgium, Patriadirect in the Czech Republic and in the Slovak Republic, KBC Makler in Poland, KBC Equitas in Hungary and U-Trade in Rumania.
VASCO is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions. VASCO has positioned itself as global software company for Internet Security serving a customer base of approximately 8,500 companies in more than 100 countries, including more than 1,250 international financial institutions. VASCO’s prime markets are the financial sector, enterprise security, e-commerce and e-government.
Forward Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “believes,” “anticipates,” “plans,” “expects,” “intend,” “mean,” and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.
This document may contain trademarks of VASCO Data Security International, Inc. and its subsidiaries, which include VASCO, the VASCO “V” design, DIGIPASS, VACMAN, aXs GUARD and IDENTIKEY.
For more information contact:
Jochem Binst, +32 2 609 97 00, [email protected]
Patrick Vande Kerckhove, +32 496 57 90 60, [email protected]