NW_20050311_en_CeBIT 2005_ Volkswagen Bank (Germany) To Use Digipass GO3 For Retail Banking

March 11, 2005

OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, March 11, 2005 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), the global number one vendor of strong user authentication products to the financial sector, today announced that Volkswagen Bank (Germany) has chosen VASCO’s Digipass GO3 as the strong authentication component for its online-banking application.

By using Digipass GO3, Volkswagen Bank offers its end-users a cost effective and easy to use alternative for PIN-TAN lists or RSA-scripted security Discs and an effective protection against fraud scams such as phishing, called “Bankey”. Volkswagen Bank is the first bank in Germany to protect its online retail banking customers with strong authentication.

In order to honour Volkswagen Bank’s focus on innovation and its visionary approach of security in an e-banking environment, VASCO has awarded Volkswagen Bank during CeBIT 2005 in Hanover (Germany) on March 11. The award consists of a sculpture by the Belgian artist Inge Dewilde.

“Security, mobility and customer satisfaction are very important for Volkswagen Bank,” said Rainer Blank, Managing Director of Volkswagen Bank GmbH. “We have chosen VASCO’s innovative Digipass GO 3 for our online-banking application because of VASCO’s track record as a security company, the easy use of “Bankey” (Digipass GO3) and the wide variety of customisation possibilities of the token.”

“We want to congratulate Volkswagen Bank for its visionary approach of secure e-banking,” said Jan Valcke, VASCO’s President and COO. “Volkswagen Bank is the first German bank that uses strong authentication combined with mobility to protect its retail account holders. We are convinced that Volkswagen Bank’s “Bankey” online-banking application will prove to be very successful.”

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 hardware and software security products. For user access control, VASCO’s VACMAN products guarantee that only designated Digipass users get access to the application. With over 13.5 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong Identity Authentication with over 350 international financial institutions and approximately 1,500 blue-chip corporations and governments located in more than 80 countries.

About Volkswagen Bank GmbH: Volkswagen Bank GmbH founded in 1949, is Europe's leading automobile bank with total assets of 21.4 billion euros as at 31.12.2004 and a current level of around 1.37 million customer finance contracts. The products offered by the Braunschweig-based company range from the financing and insurance of new and used Volkswagen Group vehicles over direct banking to dealer financing. Volkswagen Bank looks after around 3 million private customers in Germany, including 626.000 direct banking customers. As measured by its volume of deposits totalling 8.0 billion euros at the end of 2004, Volkswagen Bank direct, a division of Volkswagen Bank, is one of the leading direct banks in Germany. Its portfolio includes savings and investment products, current accounts, credit cards and construction financing .

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:
Jochem Binst, +32 2 456 9810, [email protected]
Heike Löffler-Schrimpf, +49 531 212 2689, h.loeffler-[email protected]