NW_20040318_en_VASCO Recognizes First VASCO EMV Award Winners

March 18, 2004

VASCO Data Security, OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, March 18, 2004 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com ), a global provider of security products that enable e-business and e-commerce, today announced that it will award four German companies for their outstanding contribution to opening the German market for EMV-based strong user authentication. VASCO’s Digipass 800 is an official and proven strong authentication partner product for the new EMV (Europay-Mastercard-Visa) generation of credit cards.

The awardees for Germany are MasterCard Germany, DG VERLAG, SRC and Otto (GmbH & Co KG).
MasterCard Germany ( www.mastercard.de ) is the German branch of MasterCard International, a global payments company with one of the most recognized and respected brands in the world. MasterCard is active in the German market since 1968.
DG VERLAG (www.dgverlag.de) is the financial service provider for the German Volks- & Raiffeisen Banks. DG VERLAG provides surveys, logistics, financial products and payment cards/solutions to the before mentioned banking groups.
SRC Security Research & Consulting (www.src-gmbh.de ) is the leading research organisation for the German financial sector. SRC represents a central link between research and products especially in the field of secure payment systems.
Otto Versand (www.otto.com ) is one of Germany’s leading mail order companies. Secure payment systems and strong authentication become more and more important in the e-commerce field. Otto offers end customers the possibility to pay online by using Digipass strong authentication.

“The four awardees have, in their specific fields, proven to be extremely innovative and visionary, by detecting and promoting the benefits of EMV-based strong authentication for card issuers, financial institutions, e-commerce companies and end users. As a result, the German market will be on of the first on this globe to adopt EMV-based strong user authentication,” said Jan Valcke, VASCO’s President and COO. “VASCO acknowledges the huge accomplishments of Mastercard, DG VERLAG, SRC and Otto by offering them the first VASCO Awards for EMV-based Strong Authentication.”

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 10 million Digipass products sold and ordered, VASCO has established itself as a world-leader for strong Identity Authentication with 250 international financial institutions, approximately 1400 blue-chip corporations, and governments representing more than 60 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 Media Contact:
Jochem Binst, +32 2 456 9810, [email protected]