NW_20060222_en_Banca Monte Paschi Belgio (Belgium) to Use VASCO’s Digipass 260 for Retail and Corporate Banking

February 22, 2006

OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, February 22, 2006 - 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 Banca Monte Paschi Belgio (Belgium, http://www.montepaschi.be), will use VASCO’s Digipass 260 to add strong user authentication to the bank’s Internet banking applications.

Banca Monte Paschi Belgio, the Italian bank has been present in Belgium since 1947 and is part of the Italian group Monte Dei Paschi di Siena existing since 1472 in Italy. Banca Monte Paschi Belgio’s client base consists of Institutions and SMEs, Italian expatriates in Brussels but also Belgian retail customers. From now, on all customers will be Digipass protected while using the Bank’s Web Banking system “Paschiweb”.

Digipass 260 is a light, ultra-portable and easy to use Pin protected device offering One-Time Password and e-signature functionalities. These assets, combined with a stylish design, make Digipass 260 a highly appreciated strong authentication product in the banking sector. High resolution pictures of Digipass 260 can be downloaded at http://www.vasco.com/products/product.html?product=49.

“We opted for VASCO’s Digipass 260 for the high quality of the solutions proposed by VASCO. But also for VASCO’s renown and vast experience in the Banking Sector,” said Mr. Meyers of Banca Monte Paschi Belgio. “Security and high quality customer service are of the utmost importance for Banca Monte Paschi Belgio. Together with VASCO, we’ll offer our customers a secure and easy to use online banking application.”

“We welcome Banca Monte Paschi Belgio as a customer,” said Jan Valcke, VASCO’s President and COO. “In today’s online banking environment, strong authentication is needed to protect the end user’s assets. We are convinced that the addition of Digipass will make Banca Monte Paschi Belgio’s “Paschiweb” application even more 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 20 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong Identity 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]