NW_20051117_en_Lloyds TSB Trials VASCO Digipass with 30,000 Online Banking Customers

November 17, 2005

“The Lloyds TSB trial of Digipass strong authentication with online banking customers is the largest of its type in the UK,” said Jan Valcke, VASCO’s President and COO. “VASCO is proud that Lloyds TSB has chosen its Digipass product for this trial. We are convinced that the Lloyds TSB BankSecure initiative will prove to be an overwhelming success.”

Mathew Timms, Internet and ATM director, Lloyds TSB said: “Fraudsters are becoming increasingly cunning with their tactics, and there’s no hiding the fact that fraud is on the increase. The trial of the Digipass is one of a number of security initiatives we are introducing to address the concerns of customers and stay ahead in the battle against online fraudsters.”

Timms continued, “We opted for VASCO because of the vendor’s proven track record in the financial sector. Digipass GO3 is an easy to use and highly secire product that will help us protect our customers against phishing and other fraud schemes.”

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 18 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong User Authentication with over 420 international financial institutions and approximately 2,100 blue-chip corporations and governments located in more than 100 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]