NW_20060510_en_Garanti Bank (Turkey) Receives VASCO’s Market Vision Award 2006

May 10, 2006

ISTANBUL, TURKEY - May 10, 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 Turkish bank Garanti Bank (www.garantibank.com.tr ) receives VASCO’s Market Vision Award 2006.

Garanti Bank was the first financial institution in the region to secure both corporate and retail banking customers with Digipass. In the case of Garanti Bank, corporate and retail users are using Digipass 260.

Garanti Bank‘s segmented approach of client authentication is a perfect example of VASCO’s Full-Option, All Terrain product strategy, using Digipass strong authentication for several applications.

VASCO’s Market Vision Award consists of a bronze by the Belgian Artist Inge Dewilde. Every year, a limited amount of VASCO customers receive the award for their outstanding contribution to the e-security in their home market.

“We are happy to offer VASCO’s Market Vision Award 2006 to Garanti Bank,” said Jan Valcke, VASCO’s President and COO. “Turkey is traditionally an early adopter of new technologies. With its visionary approach of online security, Garanti offers one of the most advanced and secure e-banking applications in the world.”

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 approx. 25 million Digipass products sold and delivered, including the units sold by AOS Hagenuk prior to our acquisition, VASCO has established itself as a world-leader for strong User Authentication with over 470 international financial institutions and over 2,600 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]