NW_20070109_en_KBC Bank (Belgium) Offers Secure Retail E-banking and E-Commerce with Digipass 810
OAKBROOK TERRACE, Ill. and BRUSSELS, BELGIUM—January 09, 2007 -- 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 leading Belgian KBC Bank (www.kbc.be) will gradually distribute VASCO’s Digipass 810 Unconnected Smart Card Reader to its 500,000 online users throughout 2007. KBC e-customers will use Digipass 810 in conjunction with the KBC debit smart card for e-banking as well as e-commerce.
KBC Bank is part of KBC Group, which is one of the leading financial groups in Europe. A multi-channel bancassurance group with a geographic focus on Europe, it caters mainly for retail and private banking customers and small and medium-sized enterprises. Besides focusing on providing retail and private bancassurance services, it is also active in asset management, the provision of corporate services and market activities.
KBC occupies significant, even leading positions in its two home markets of Belgium and Central Europe and has an extensive private banking network operating under the European Private Bankers concept. It has also selectively established a presence in a number of other countries and regions around the world.
KBC Group is listed on Euronext Brussels (ticker symbol ’KBC’) and the Luxembourg Stock Exchange. With a market capitalisation of around 32 billion euros, KBC is one of the top Belgian companies and one of the leading financial groups in Europe, employing 50 000 staff and catering for 12 million customers.
Digipass 810, or KBC Card Reader as the product is named by KBC, is a modern and trustworthy unconnected Personal Card Reader product platform designed to be used for non-face-to-face strong authentication in Internet banking. Digipass 810’s unique selling points are its extreme reliability and its user friendliness. Learn more about Digipass 810 at http://www.vasco.com/digipass_810 .
“We choose VASCO because of the impressive strong authentication package they offered,” said Kristof Browaeys, E-channel Manager at KBC Bank. “Digipass 810 has some important advantages: it brings our clients a high level of security, without any software installation at the end user’s side. To bank or shop online our clients now only need an Internet Connection, their debit card and a KBC Card Reader. Because the security technique is linked to the debit card, our clients don’t have to remember any passwords either, just their PIN code. The fact that Digipass 810 is a universal reader makes the mass deployment of the card reader a lot easier for KBC”.
“It is our pleasure to welcome a leading Belgian bank as KBC as our customer,” said Jan Valcke, VASCO’s President and COO. “The application possibilities of debit cards are growing, so we applaud KBC’s visionary approach to online banking as well as e-commerce. With the extra security layer of Digipass 810, KBC clients can bank and shop online without worrying.”
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:
VASCO: Jochem Binst, +32 2 609 97 00, [email protected]
KBC: Viviane Huybrecht, Head of Group Communication and Press Office/ Spokesperson,
+32 2 429 85 45, [email protected] or [email protected]