NW_20050323_en_Leading Italian Bank Banca Nazionale del Lavoro (BNL) To Use VASCO’s Digipass GO3 for BNL direct channels application.

March 23, 2005

OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, March 23, 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 the leading Italian bank Banca Nazionale del Lavoro (BNL) (www.bnl.it ) will use VASCO’s Digipass GO3 strong authentication token to secure its customers’ Internet and telephone banking transactions. Digipass GO3 is integrated in TrustAccess, the authentication and security service of VASCO’s solution partner Actalis (www.actalis.it ). Actalis is a major provider of security services to the Italian financial and governmental sectors.

BNL is one of the largest banking groups in Italy and ranks among the 100 largest banks worldwide. BNL direct channels retail banking application offers BNL customers the possibility to perform remote banking transactions. VASCO’s Digipass will provide strong authentication of BNL’s customers’ Internet and phone banking exercises.

“Security and ease of use are crucial for BNL. Our customers deserve the best solution available to rely on their bank when and wherever they want” said Lorenzo Marini, General Manager of BNL Direct Services “. Our account holders will be able to perform secure banking transactions without any changes to their PC, mobile phone or telephone.”

“Actalis’ security standards are very high,” said Paolo Soru, CEO of Actalis. “Therefore, we decided to work together with VASCO, one of the best providers of strong user authentication tokens to the financial world. Together with VASCO, we plan to make Internet banking both secure and user friendly for every bank account holder in Italy.”

“VASCO wants to congratulate BNL for its security awareness and its visionary approach towards the use of strong user authentication,” said Jan Valcke, VASCO’s President and COO. “We are convinced that the combination of BNL’s vision and quality focus, Actalis’ thorough knowledge of the Italian financial and governmental market and VASCO’s Digipass will prove to be extremely 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.

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]