NW_20060412_en_HSBC Bank UK to use VASCO’s Digipass GO3 Strong Authentication for Corporate Banking
OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, April 12, 2006 - 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 HSBC Bank will use its Digipass GO3 strong authentication device for corporate banking. HSBC will start the roll out of GO3 to 180,000 UK Business Internet Banking customers in May 2006.
Digipass GO3 is a lightweight, low cost strong user authentication token, especially designed for the large volume banking market. GO3 is extremely easy to use - with a simple touch of a button, the customer generates a unique one-time password. Digipass GO3 also supports a host (website) authentication functionality. For high resolution pictures of VASCO’s products, please visit http://www.vasco.com/products
“The combination of security and user friendliness, combined with convenience and simplicity for customers is an important factor in the success of any security application," said Mervyn Northam, head of online banking at HSBC Commercial Bank. “VASCO's Digipass GO3 is easy to use and ultra portable. Because it's not reliant on a third party's service, it can be used anywhere in the world.”
“We welcome HSBC Bank as a VASCO customer,” said Jan Valcke, VASCO’s President and COO. “We congratulate HSBC Bank on their commitment to protect the personal information and assets of their online account holders. We are convinced that together, we can make the Internet a safer place for e-banking.”
About VASCO: VASCO designs, develops, markets and supports patented user authentication products for the financial world, remote access, e-business and e-commerce. VASCO’s user authentication software is delivered via its Digipass hardware and software security products. With over 20 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong User Authentication with over 440 international financial institutions and approximately 2,300 blue-chip corporations and governments located in more than 100 countries.
HSBC Bank plc
HSBC Bank is a wholly-owned subsidiary of HSBC Holdings plc which is headquartered in the UK. The HSBC Group serves over 125 million customers worldwide from more than 9,500 offices in 76 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$1,502 billion at 31 December 2005, HSBC is one of the world’s largest banking and financial services organisations. HSBC is marketed worldwide as ‘the world’s local bank’.
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]
Neil Brazil, HSBC Group Corporate Affairs, +44 20 7992 1572