NW_20070117_en_Fiserv and VASCO Combat Online Fraud in U.S. Banking Sector
OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, - January 17, 2007 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), the world’s number-one vendor of software and hardware strong user authentication and e-signature solutions, has announced that more than 100 U.S. financial institutions have integrated VASCO solutions into their Internet banking offerings. VASCO’s alliance with Fiserv, Inc. (Nasdaq: FISV), a U.S. Fortune 500 company that provides information management systems and services to the financial industry, has been a catalyst for the growth.
Several of Fiserv’s business units have deployed VASCO’s VACMAN Controller software, including Information Technology, Inc. (ITI), Precision Computer Systems (PCS), eSolutions and Fiserv CBS Worldwide. “With a combination of unique features, including website authentication, challenge-response and digital signatures, VASCO’s solutions are very effective at helping protect Fiserv clients from fraud,” said eSolutions General Manager Jamie Deterding.
Two of VASCO’s renowned Digipass client authentication products are offered to Fiserv’s clients: Digipass GO3, VASCO’s top-selling hardware authenticator that generates one-time passwords and host authentication codes, and Digipass 260, which is used as an effective tool against phishing and pharming. Digipass 260 is a pin-protected authentication device that also has the ability to calculate e-signatures, making the system immune to man-in-the-middle attacks.
With the successes of 2006, expectations are high for continued growth next year, including new applications that require advanced authentication in the foreseeable future. “U.S. banks of all types and sizes are looking for a means to make electronic banking safer,” said Jan Valcke, VASCO’s President and COO. “The partnership between Fiserv and VASCO has given many banks an integrated system to provide a secure, convenient, and user-friendly electronic banking experience. We are happy to see that our combined efforts result in a more secure channel for electronic banking.”
About Fiserv Inc.
Fiserv Inc. (Nasdaq: FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit www.fiserv.com.
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 more than 28 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong user authentication, with in excess of 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 U.S. Securities and Exchange Commission. For further information regarding the Company and its operations, contact VASCO, Jochem Binst, +32.2.609.9700 or [email protected]