NW_20060313_en_Dexia Bank (Belgium) to Secure Retail E-banking Customers with VASCO’s Digipass 810 Strong Authentication

March 13, 2006

OAKBROOK TERRACE, Ill. and BRUSSELS, BELGIUM—March 13, 2006 -- VASCO Data Security International, Inc. (www.vasco.com) (Nasdaq: VDSI), the global number one vendor of strong user authentication and e-signature products, today announced that leading Belgian Dexia Bank (www.dexia.be) (Euronext: DEXB) will distribute VASCO’s Digipass 810 Unconnected Smart Cards Reader to all its online users. Dexia Bank’s e-customers will use Digipass 810 in conjunction with the Dexia Bank debit smart card to get online access to their accounts and to perform e-transactions in the new Dexia Direct Net Application.

Dexia is the result of the 1996 alliance of two major European players in local public finance: Crédit Local in France and Gemeentekrediet/Crédit Communal in Belgium. Dexia forms one of the first cross-border mergers in the European banking sector, and is one of the top fifteen banking groups in the euro zone. Dexia Bank Belgium is one of the three largest banking players in Belgium.

Digipass 810 is a modern and trustworthy unconnected Personal Card Reader product platform designed to be used for non-face-to-face strong authentication in internet banking. DP810 leverages all the unique selling points of the DP800 such as “best of breed” cost of ownership and an extreme reliability. Learn more about Digipass 810 at http://www.vasco.com/digipass_810.

“The Benelux is traditionally very apt to the adoption of new technologies,” said Jan Valcke, VASCO’s President and COO. “It is our pleasure to welcome a leading Belgian bank such as Dexia as a customer. VASCO’s hardware Digipass is developed in our offices in Wemmel (Brussels). We are very glad to notice that our products are successful on their home turf.”

“We chose VASCO because of the company’s vast experience with regards to mass deployments of strong authentication products,” said Stan Nimmegeers of Dexia Bank. “Dexia Direct Net, including the Dexia Card Reader - VASCO’s Digipass 810 - offers secure and user friendly e-banking, turning the Internet into an even more trustworthy remote banking channel.”

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 20 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong User Authentication with over 440 international financial institutions and approximately 2,300 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:
VASCO: Jochem Binst, +32 2 456 9810, [email protected]