NW_20070205_en_Reliance Money (India) Uses VASCO’s Digipass GO3 and VACMAN Controller
OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, February 5 2007 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), the global number one vendor of strong user authentication products, today announced that Reliance Money (www.reliancemoney.com ), the financial solutions arm of Reliance Capital, trusts on VASCO’s Digipass GO3 and VACMAN Controller strong authentication to secure its online users. Reliance Money is deploying two million units of VASCO’s renowned Digipass GO3 client authentication device.
Reliance Money is a group company of Reliance Capital; one of India's leading and fastest growing private sector financial services companies, ranking among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital is a part of the Reliance Anil Dhirubhai Ambani Group.
Reliance Money is a comprehensive electronic transaction platform offering a wide range of asset classes. Its endeavor is to change the way India transacts in financial markets and avails financial services. Reliance Money is a single window, enabling one to access, amongst others in Equities, Equity & Commodities Derivatives, Mutual Funds, IPOs and Life & General Insurance products, Offshore Investments and Credit Cards.
“We want to congratulate Reliance Money for their visionary approach of online customer security,” said Jan Valcke, VASCO’s President and COO. “We are happy to be offering the best of technology to the Indian users through our relationship with Reliance Money. We are convinced that our partnership will result in a more secure financial transaction environment for citizens and companies in India.”
“VASCO’s Digipass will act as a 3rd level of security on Reliance Money website and safeguard its customers’ funds from hackers and phishing. The customer in addition to his username and password will be required to type the number being flashed on his personalized digital token at that given point in time, thus providing him with a unique, foolproof login system. This is in line with Reliance Money commitment to provide convenient, secure and economical solutions platform to our customer”, said Sudip Bandyopadhyay, CEO, Reliance Money.
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 software security products. With over 28 million Digipass licenses 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]