NW_20030429_en_VASCO adds Digipass 260 and Digipass 560 to its Range of Identity Authentication Tokens for the Banking Sector

April 29, 2003

OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, April 29, 2003 - VASCO Data Security International, Inc. (Nasdaq: VDSI (http://www.vasco.com)), a global provider of security products that enable e-business and e-commerce, today announced that it has launched two new members of its Digipass Strong Identity Authentication hardware tokens, Digipass 260 and Digipass 560. Both products are designed for use in the banking sector.

Digipass 260 (download picture at http://www.vasco.com/about/press ) is a small and lightweight password protected strong authentication device, offering remote access, authentication and e-signatures. Speed of rollout and cost-efficiency are important assets of Digipass 260.

Digipass 560 (download picture at http://www.vasco.com/about/press ) is a stylish authentication code generator, with multiple functions like digital signature capabilities. Digipass 560 has a number of new features, including multiple language support and the implementation of the recent AES algorithm. Digipass 560 replaces, together with Digipass 550, the classic Digipass 500, one of VASCO’s most successful authentication tokens used for banking and other financial applications.

“With Digipass Pro 260 and Digipass Pro 560 we expand our Digipass range of strong user authentication security tokens for the banking space” stated Jan Valcke, VASCO’s President and COO. “VASCO has about 200 financial institutes worldwide as customers, which makes us the leading authentication vendor to the financial world. We are convinced that the introduction of Digipass 260 and Digipass 560 will allow us to grow even quicker in the financial sector. At this moment, we have already received orders from banks that will start rolling out our new Digipass products shortly.”

About VASCO: VASCO designs, develops, markets and supports patented “Identity Authentication” products for e-business and e-commerce. VASCO’s Identity Authentication software is delivered via its Digipass security products, small “calculator” hardware devices carried by an end user, or in a software format on mobile phones, other portable devices, and PCs. For user access control, VASCO’s VACMAN products guarantee that only designated Digipass users get access to the application. VASCO’s target markets are the applications and their several hundred million users that utilize fixed passwords as security. VASCO’s time-based system generates a “one-time” password that changes with every use, and is virtually impossible to hack, or break. With 8 million Digipass products sold and shipped, VASCO has established itself as a world-leader for strong Identity Authentication with 200 international financial institutions, approximately 800 blue-chip corporations, and governments representing more than 50 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.

More information is available at www.vasco.com.

For more information contact:
Media: Jochem Binst: +32 2 456 9810, [email protected]
Investor Relations: Tony Schor, President, Investor Awareness, Inc.: 847-945-2222, [email protected]