NW_20050512_en_VASCO Launches Digipass for Java Phone

May 12, 2005

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – May 12, 2005 –
VASCO Data Security (NASDAQ: VDSI: www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, today announced that it has launched Digipass for Java Phone, a software Digipass that can be downloaded to any Java supporting mobile phone.

For small and medium sized deployment of Digipass for Java Phone in the Corporate Network Access (C.N.A.) area, VASCO has developed an out-of-the-box solution. A customized solution is available for medium to large deployments for C.N.A., e-Commerce or e-banking. The out-of-the-box version of Digipass for Java Phone is available via VASCO’s indirect sales network and acts as a one-time password generator. The customized version of Digipass for Java Phone will be sold directly by VASCO. The e-signature functionality can be added to this version.

The end-user will be able to easily install the Digipass software on his/her mobile phone, by means of Over-The-Air provisioning (OTA) or through the GSM provider’s synchronisation tool. In order to be able to use the Digipass, one has to introduce an activation code into one’s mobile phone. The activation codes will be provided by VASCO through VASCO’s channel partners.

“The launch of Digipass for Java Phone illustrates the ongoing effort of VASCO to broaden its range of Digipass authentication products,” said Jan Valcke, VASCO’s President and COO. “The interoperability of the Digipass product line is a great asset for VASCO and its customers. Companies can literally pick the most suitable Digipass model for every type of customer.”

About VASCO: VASCO designs, develops, markets and supports patented user authentication products for the financial world, remote access, e-business and e-commerce. VASCO’s user authentication software is delivered via its Digipass hardware and software security products. With over 15 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong User Authentication with over 370 international financial institutions and approximately 1,700 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]