VASCO Launches Digipass Go 2, Easy to Use and Ultra Portable Digipass Adding Strong Authentication to Smart Cards

October 29, 2002

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – October 29, 2002 – VASCO (Nasdaq NM & Nasdaq Europe: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, announced today that it will officially introduce Digipass Go 2 during the CARTES tradeshow in Paris, from November 5 until November 7. Digipass Go 2 is the most recent addition to VASCO’s successful range of smart card based Digipass models, including the very successful Digipass 800, used by the customers of financial institutions, credit card companies, ASP’s and others. Go 2 opens for VASCO the market of young people who need basic strong authentication.

Indisputable strengths of Digipass Go 2 are the ease of use, the stylish design and the high portability. Digipass Go 2 offers smart card issuers cost effective, real time strong authentication and TAN-list issuers a safer and cost effective alternative for the PIN-TAN (Personal Identification Number/TransAction Number) system.
Digipass Go 2 is completely platform independent. It can be used in conjunction with desktop computers, laptops, telephones, mobile phones etc., and this all over the world, at every hour.

With Digipass Go 2, VASCO aims at the large and mainly unexplored market segment existing of young and basic smart card users. With Digipass Pro 800, VASCO already possesses a successful smart card based token, designed for customers who regularly need strong authentication , especially in an e-banking environment. Digipass Go 2 further extends VASCO’s offerings by opening the huge market of end users who less frequently need strong authentication in conjunction with a smart card, and this in an e-banking, e-commerce or e-business environment.

“Go 2 is a great complement to our range of user friendly, ultra portable and very cost effective Digipass products, known as the Digipass GO range” said Jan Valcke, VASCO’s Executive Vice president of Sales and Marketing. “Earlier this year we launched Digipass Go 1, a Digipass that already proves to be very successful in the corporate network access area. Digipass Go 10 is a software Digipass, designed to be placed on the SIM card of a mobile phone. With Digipass Go 2, we aim at every company that deploys smart cards for its employees and/or its customers. The invaluable experience we have built in this sector via our Digipass Pro 800, is a warrant for VASCO’s success in this field.”
 



About VASCO
VASCO secures the enterprise from the mainframe to the Internet with infrastructure solutions that enable secure e-business and e-commerce, protect sensitive information, and safeguard the identity of users. The Company's family of Digipass® and VACMAN® products offers end-to-end security through strong authentication, digital signature and Radius, LAN and Web security, while sharply reducing the time and effort required to deploy and manage security. VASCO's customers include hundreds of financial institutions, blue-chip corporations, and government agencies in more than 50 countries. More information is available at www.vasco.com.

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,” 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.

For more information contact:
VASCO Data Security:
Jochem Binst:: +32 2 456 9810, [email protected]
IR: Tony Schor, +1 847 945 2222, [email protected]om