NW_20011121_en_VASCO Expands Worldwide E-Payment Partner Network by Teaming with Transale
OAKBROOK TERRACE, Illinois, BRUSSELS, Belgium – November 21, 2001 – VASCO Data Security International, Inc. (NASDAQ: VDSI; NASDAQ Europe; www.vasco.com) today announced a partnership agreement with E-payment solution company Transale (www.transale.com). The combination of the companies’ award winning products ™CardLock (Transale) and Digipass, offers a secure, cost effective and flexible solution that protects online shoppers from hackers and credit card thieves. Chosen by VISA as a secure online shopping partner, Transale is an important player in the field of E-payment security. 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 over 6 million users.
The combination of CardLock™ and Digipass stands for safe payment systems, with the use of the same credit card number. The CardLock™ technology allows card issuing companies to offer their users the possibility to easily “unlock” a credit card during a transaction, and to “lock” it afterwards, from their desktop, PDA or cell phone. CardLock™ is non-intrusive for issuing banks and merchants, which shortens time-to-deployment and reduces integration cost drastically. The one-time passwords generated by Digipass eliminate the weakest link in any security infrastructure: the use of easily stolen or misused static passwords. The CardLock™ -Digipass system will be offered to payment card issuers worldwide.
“This partnership illustrates our leadership in the financial sector and the rapid growth of our worldwide partner network” said Jan Valcke, Executive Vice President of Sales and Marketing of VASCO. “It is a pleasure working together with Transale, a company that developed the top notch security system CardLock™. Together with Transale, we are offering armour plated security for any on line transaction requiring a credit card.”
“We at Transale are dedicated to solving the widespread credit/debit card fraud problem with our CardLock™ technology” said Shalom Daskal, CEO of Transale. “VASCO is the ideal partner for our company, because of their great experience in securing financial institutions and their leading Digipass product family. We are convinced that our joint efforts will lead to a dramatically increased security level for any card user.”
CardLock™ is a revolutionary e-payment solution designed to battle payment card fraud and unleash consumer buying potential in a secure and convenient way. As a service provided by payment card issuers, CardLock™ enables users to easily and intuitively "lock" and "unlock" their cards from their desktop, PDA or cell phone. After each payment is made, the card is automatically "locked" and invalid to hackers and card thieves.
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. At this moment, more than 170 financial institutions globally that have put their trust in VASCO to secure their corporate networks and their customers personal data and transactions, including ABN AMRO, Arab Bank Jordan, Beneficial Bank, Cortal Bank, Fifth Third Bank, Hamburgische Landesbank National Westminster Bank, OCBC Bank, First Union and SEB Group.
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.
Transale is a software company, specializing in enabling technologies for e-payment security. Aligned with Visa’s 3-D Secure and MasterCard’s SPA/UCAF standard protocols, Transale’s solution addresses the multibillion-dollar “Credit Card Fraud Industry” and consumer fear of disclosing card numbers over the Internet by controlling card authorizations.
Based on Transale’s proprietary technology CardLock™ Security Engine, the company is offering the eEnabler™, a standard security package which ensures a consistent shopping experience along with security for every transaction online.For more information please visit us at www.transale.com
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.
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