NW_20061106_en_IXE Banco (Mexico) to Use Digipass for Java Phone and Digipass GO3 for Retail Banking

November 6, 2006

OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, November 6, 2006 - VASCO Data Security International, Inc. (www.vasco.com) (Nasdaq: VDSI), the global number one vendor of strong user authentication and e-signature products, today announced that Mexican IXE Banco (www.ixe.com.mx ) will use VASCO’s Digipass GO3 and Digipass for Java Phone to secure its retail customers’ assets. Ixe Banco is the first bank in Mexico to use Digipass GO3 and the first financial institution in the country to opt for Digipass for Java Phone.

By using both Digipass GO3 and Digipass for Java Phone, Ixe Banco fully benefits of the flexible character of VACMAN Controller, VASCO’s core authentication product. VACMAN Controller supports over 40 Digipass authentication products, allowing banks to choose which type of client authentication tool they want to provide to their customers. That way, financial institutions and other corporations can pick “à la carte” the Digipass of choice for every user segment.

Digipass for Java Phone is a soft Digipass that can be downloaded to any Java supporting mobile phone or “smart phone”. Digipass for Java Phone is able to compute digital signatures, in addition to one-time passwords.

Digipass GO3 is a lightweight, low cost strong user authentication product, 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. The password can be only used once, which means that it can’t be re-used by fraudsters. In addition, Digipass GO3 is enabled with the host authentication functionality, the ultimate weapon against phishing. Digipass GO3 is VASCO’s answer to banks that want to give their customers a simple though secure means to use Internet banking applications.

Learn more about VASCO’s Digipass products at: http://www.vasco.com/products/range.html

“We chose Vasco because of its experience in the financial sector and for the flexibility and quality of Digipass and VACMAN Controller,” said Fernando Campos, IXE Banco’s responsible for on-line Financial Services. “Our customers deserve the best security. VASCO’s strong authentication products are an important tool to secure our account holders’ assets.”

“We welcome IXE Banco as our first customer in the Mexican financial sector,” said Jan Valcke, VASCO’s President and COO. “Mexico is an important market for VASCO, internally and as a business hub for Central America. We are convinced that IXE Banco’s dedication to security and customer service will prove to be beneficial for the bank and for its account holders.”



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 28 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong User Authentication with over 550 international financial institutions and approximately 3,300 blue-chip corporations and governments located in more than 100 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 2 609 97 40, jbinstatvasco.com