NW_20060511_en_Bank Asya Uses VASCO’s Digipass 810 for Retail and Business Banking

May 11, 2006

ISTANBUL, TURKEY - May 11, 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 financial institution Bank Asya (http://www.asyabank.com )will use VASCO’s card-based Digipass 810 strong authentication to secure its retail- and corporate banking customers for both phone- and e-banking.

65% of Bank Asya’s money transfer business is generated over the Internet. In addition, the bank receives an average of 200,000 calls per month for phone banking. To add an extra layer of security to its successful alternative banking channels, Bank Asya opted for VASCO’s Digipass 810. High resolution pictures of Digipass 810 can be downloaded at http://www.vasco.com/digipass_810. The Digipass 810’s functionalities include EMV-CAP (Europay-Mastercard-Visa Chip Authentication Program).

“We welcome Bank Asya as a customer,” said Jan Valcke, VASCO’s President and COO. “VASCO applauds Bank Asya’s decision to secure its customers with the robust and proven Digipass 810 strong authentication technology. Together, we will make the Internet a safer place for Turkish e-banking users.”

“Bank Asya opted for VASCO because of the proven track record of the company and the flexibility of the Digipass 810,” said Mr. Israfil Aydin, Head of Bank Asya’s Alternative Channels Department. “The authentication secrets are stored on the chip of the bank card we distribute to our customers. That way, several customers can use a Digipass 810 reader, whenever they want to and wherever they are.”

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]