news_Société Tunisienne de Banque (STB) uses VASCO VACMAN Controller and DIGIPASS to secure its enterprise customers
OAKBROOK TERRACE, Illinois and ZURICH, Switzerland –November 22, 2010 – VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a leading software security company specializing in strong authentication products, announces today that Société Tunisienne de Banque (STB) in Tunisia decided to implement VACMAN® Controller and DIGIPASS® 260 to secure its online enterprise customers.
STB is the first Tunisian bank to apply a multichannel approach. With this approach, STB seeks to diversify its products and services, firstly, to meet the needs of its consumers, professionals and companies and, secondly, to optimize its distribution channels.
The challenge then is to deliver the right product to the right customer through the right channel.
In this context, STB has provided its customers with an online banking service. Aware of the safety issues and risks of intrusion and fraud, STB was looking for a reliable and user-friendly and easy to deploy solution to secure its customers. The bank decided to use a strong authentication solution, being VASCO’s VACMAN Controller and DIGIPASS 260 to secure its enterprise customers. To access STB’s online banking application, enterprise customers use their DIGIPASS device. They will enter their PIN-code onto their DIGIPASS which will generate a one-time password (OTP). This OTP is typed into the logon screen of the online banking application to gain secure access to the banking account.
DIGIPASS 260 is a password protected authentication device suited for user authentication and also allows transaction signing. The use of DIGIPASS 260 is extremely intuitive, it requires no end-user training. DIGIPASS 260 is well suited for banks looking for a cost-efficient high volume roll-out to large end-user customer base.
VACMAN Controller is VASCO’s authentication platform combining several authentication applications including OTP, challenge-response and e-signature on a single platform. VACMAN is used for the authentication of millions of end-users and can seamlessly be integrated into existing banking applications.
“We chose to work with VASCO because they have a proven track record in helping banks to secure their online channels. Not only do they fully understand the needs of banks for secure and easy-to-deploy solutions, they also understand the need for user-friendly solutions for the end-user, which is well reflected in their DIGIPASS product line,” says Khaled Bettaieb, General Director of Electronic Banking, Telematics and Direct Banking at STB.
“We are glad to see that STB has adopted VASCO strong authentication. STB is the first Tunisian bank to use DIGIPASS to secure its online banking customers. We applaud STB’s pioneering and visionary approach to online banking security in Tunisia,” says Jan Valcke, President and COO at VASCO Data Security.
Societe Tunisienne de Banque (STB) SA is a Tunisia-based commercial bank. It offers a range of financial products and services for private and business clients, including all types of accounts in dinars and foreign currencies (checking accounts, current accounts and savings accounts). The bank also offers all types of financing and investment on short, medium and long terms. Similarly,STB offers its customers a wide range of credit cards. They also offer trade and money transfers. The bank also manages several subsidiaries in the areas of tourism, industry, finance and real estate as STB Invest Manager STB, STB Capital, Estate Avenue, Ed-Dkhila Company, Societe Hoteliere Africa Sousse and Activ hotels Company. Société Tunisienne de Banque has 118 branches and 186 ATMs.
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 more than 10,000 companies in more than 100 countries, including over 1,500 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 “believe,” “anticipate,” “plan,” “expect,” “intend,” “mean,” “potential” 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 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]