NW_20011011_en_VASCO Strengthens e-Banking Security Presence in US Through Partnership with Politzer & HANEY

October 11, 2001

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – October 11, 2001 – VASCO (Nasdaq NM & Nasdaq Europe: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, announced today that Politzer & HANEY (www.ph.com) has integrated VASCO’s Digipass security technology into its Web Cash Manager™ product line. With nine of the top 10 financial services organizations and 39 of the top 100 banks in the US relying on its products, Politzer & HANEY is the leading provider of Web-based corporate banking solutions to the financial services industry. VASCO is the market leader in providing strong authentication and digital signature security to the financial industry worldwide, with more than 170 banks as customers and 6 million users.

“Our partnership with VASCO is ideal for us and for our customers, since VASCO matches our leadership in e-banking software with a great product line for securing e-transactions and protecting sensitive information,” noted Ralph Dangelmaier, SVP of Sales and Services for Politzer & HANEY. “We view security as a facilitator to selling e-banking software, since people are more willing to conduct business online when they are assured that their identities, information, and transactions are safe.”

Web Cash Manager is a comprehensive line of information delivery and secured transaction-processing products, including ACH origination, information reporting, wire transfer, and disbursement services. The software enables banks to process transactions effectively and securely regardless of their asset size and transaction origination, and the software’s design allows for the bundling and packaging of products depending on the needs of targeted markets.

Proven at over 600 corporations, financial institutions, and government agencies worldwide, Digipass utilizes patented dynamic password and digital signature technologies to establish a trusted digital identity for online users and to safeguard the integrity of data and transactions. The Digipass family encompasses a growing array of secure user platforms, ranging from hardware authenticators and smart cards to Digipass software and secure mobile phones and PDA’s.

“We’re pleased to join forces with an industry leader like Politzer & HANEY to facilitate e-banking in North America,” said Jan Valcke, Executive Vice President of Sales and Marketing for VASCO. “Their products have proven their value in banks across the US, and now Politzer & HANEY’s customers can easily and affordably strengthen their online security, without changing their existing infrastructure.”

VASCO secures the enterprise from the mainframe to the Internet with infrastructure solutions that enable secure e-business and e-commerce, protect sensitive information, and safeguard the identity of users. The Company's family of Digipass® and VACMAN® products offers end-to-end security through strong authentication and digital signature, enterprise Single Sign-On, and LAN security, while sharply reducing the time and effort required to deploy and manage security. VASCO's customers include hundreds of financial institutions, blue-chip corporations, and government agencies in more than 50 countries. More information is available at www.vasco.com.

About Politzer & HANEY
Politzer & HANEY is the leading provider of Internet-based corporate banking solutions to the financial services industry. Since establishing its presence in 1983, Politzer & HANEY has pioneered DOS, Windows and Web-based offerings for financial institutions to offer to their corporate clients, allowing them to successfully manage their treasury-related activities. Politzer & HANEY is headquartered in Newton, Mass. Additional information can be found on the Web, at www.ph.com, or by calling 617.796.7700.

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:

Americas: Mike Lange, +1 630 932 8844, [email protected]
EMEA/APAC: Jochem Binst, +32 2 456 9810, [email protected]

Investor Relations:
Annemieke Blondeel, USA +1 630 932 8844, Europe +44 20 8308 7080, [email protected]