NW_20050524_en_GE Money Bank (Germany) to Use Digipass 250 for Secure Online Retail Banking

May 24, 2005

OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, May 24, 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 GE Money Bank (Germany; www.gemoneybank.de) will use VASCO’s Digipass 250 for its “eTAN” e-banking application. All of GE Money Bank’s e-banking customers will receive their personalized Digipass 250, named “eTAN” by GE Money Bank. VASCO’s Digipass has been integrated in the e-banking platform of VASCO’s German solution partner DataDesign.

By trusting on Digipass strong authentication, GE Money Bank creates an important competitive advantage on financial institutions still trusting on static passwords or PIN-TAN lists. Digipass is more secure, easier to use and more cost efficient than any of the before mentioned systems.

“The security of our e-banking customers is our highest priority,” said Mr Robert Law, CEO of GE Money Bank. “We are convinced that the introduction of Digipass will set a new standard for the German banking market.”

“It is our pleasure to welcome GE Money Bank as a customer,” said Jan Valcke, VASCO’s President and COO. “GE Money Bank’s visionary approach towards secure and hassle free e-banking has lead them to VASCO’s Digipass. Together, we will make Internet banking in Germany truly secure.”

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]
GE Money Bank:
Ingo Brengmann, +49 511 6465 946, [email protected]