Gives VASCO unparalleled reach in web application field; free and secure single-sign-on domain for consumers; first group of cooperating websites announced
OAKBROOK TERRACE, Illinois and ZURICH, Switzerland – April 23, 2012 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), a leading software security company specializing in strong authentication products and services announces today the launch of MYDIGIPASS.COM for consumers. MYDIGIPASS.COM is VASCO’s hosted consumer authentication platform, providing convenient and secure login services to various web applications.
With MYDIGIPASS.COM, VASCO answers the following important consumer demands.
First, it brings secure strong user authentication to tens of thousands of online b-to-b and b-to-c web based applications that were previously beyond the reach of VASCO’s traditional business model.
Secondly, MYDIGIPASS.COM can secure all of a consumer’s online accounts with one soft- or hardware client device. Client devices include hardware DIGIPASS, dormant embedded DIGIPASS in PC’s and mobile devices, a free downloadable DIGIPASS for Mobile (via MYDIGIPASS.COM button on websites), DIGIPASS+ devices (VASCO authenticators with a second identity that can be used for third-party applications), smart card enabled national ID cards.
Thirdly, MYDIGIPASS.COM will simplify an end-user’s password usage: it is no longer necessary to memorize an entire list of passwords for all of a consumer’s online accounts. The consumer will only have to login once during a certain timeframe to have direct access to all his MYDIGIPASS.COM activated websites. That way, VASCO creates a free and secure single-sign-on domain for consumers.
VASCO’s goal is to make MYDIGIPASS.COM omnipresent. The consumer will be able to choose between a wide variety of client authentication platforms, depending on his preference, his location and/or his possession of a DIGIPASS. This choice includes VASCO’s installed base in its traditional markets, embedded DIGIPASS in personal computer or handheld processor chips, DIGIPASS+ devices with a second identity that can be used for third party applications, electronic ID-cards and DIGIPASS for Mobile that can be downloaded from the MYDIGIPASS.COM platform.
A basic MYDIGIPASS.COM membership fee of $ 3,000 for web application owners includes the activation of 500 users and 10,000 secure logins. For higher amounts of users and secure logins, adapted pricing models have been developed.
MYDIGIPASS.COM includes the following functionalities:
- Two-factor authentication (one-time passwords) for all before mentioned hard- and software DIGIPASS devices,
- Optional out-of-band authentication using QR code scanning for iPhone, iPad2, iPad3 and Android phones,
- Free backup authentication via text message,
- A central place for the consumer to store, update and share his or her credentials.
VASCO will add extra services and functionalities to its MYDIGIPASS.COM offering in the future.
VASCO has experienced a lot of traction for its MYDIGIPASS.COM offering. In total, over 100 websites are currently testing, integrating and/or using the MYDIGIPASS.COM button. A press release with customer comments will be distributed later today.
“The launch of MYDIGIPASS.COM is the second phase of our services business model,” states T. Kendall Hunt, VASCO’s Chairman and CEO. “The first phase was the deployment of the authentication platform DIGIPASS as a Service, for companies that wanted to outsource their authentication needs. MYDIGIPASS.COM is a front-end server directed at the consumer.”
“MYDIGIPASS.COM offers consumers convenience, security and ease of mind,” comments Jan Valcke, VASCO’s President and COO. “Thanks to MYDIGIPASS.COM, end users will no longer need to remember a list of passwords or use just one static pin code for all their MYDIGIPASS.COM activated websites. With MYDIGIPASS.COM, VASCO offers consumers an easy to use single-sign-on solution, with strong security as a bonus.”
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 10,000 companies in more than 100 countries, including over 1,700 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. 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, 2011 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