NW_20051025_en_Abu Dhabi Commercial Bank (ADCB) Chooses VASCO’s Digipass for Corporate Banking
OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, October 25, 2005 - VASCO Data Security International, Inc. (NASDAQ: VDSI), (www.vasco.com ), the leading global provider of strong user authentication products to the financial sector, today announced that Abu Dhabi Commercial Bank (www.adcb.com), one of the largest banks in ht UAE in terms of Authorized as well as Paid up Capital, has chosen VASCO’s Digipass for corporate banking.
ADCB has developed an extensive e-banking systems for its customers “ADCB@ctive “. To protect its corporate customers against possible Internet fraud schemes such as phishing, ADCB opted for VASCO’s Digipass two factor authentication.
ADCB chose to protect its corporate customers with Digipass 260, VASCO’s pin-protected strong authentication product with one-time password, e-signature, challenge-response and host authentication functionalities.
“The security of our customer’s assets is of the utmost importance to ADCB,” said Seumas Gallacher, Head, Corporate Banking Group of ADCB. “We chose VASCO because of their experience and the high quality standard and flexibility of VASCO’s Digipass products.”
“It is a pleasure to welcome ADCB amongst our customers,” said Jan Valcke, VASCO’s President and COO. “The Middle East region is of great importance to VASCO. Together with ADCB, we will offer truly secure Internet banking to the entire region.”
About VASCO: VASCO designs, develops, markets and supports patented “Identity Authentication” products for e-business and e-commerce. VASCO’s Identity Authentication software is delivered via its Digipass hardware and software security products. For user access control, VASCO’s VACMAN products guarantee that only designated Digipass users get access to the application. With over 17 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong Identity Authentication with over 390 international financial institutions and approximately 1,800 blue-chip corporations and governments located in more than 90 countries.
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:
Jochem Binst, +32 2 456 9810, [email protected]