NW_20060629_en_Capitec Bank (South Africa) to Use VASCO’s Digipass for Corporate Banking

June 29, 2006

OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, June 29, 2006- VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), the global leader in strong user authentication products to the financial sector, today announced that the leading South African bank Capitec (www.capitec.co.za)will roll out Digipass GO3 to its business customers.

Capitec’s Business clients will use Digipass to view statements and for internal and external transfers. In addition, business customers will be able to securely perform bulk payments (i.e. salary transfers).

Digipass GO3 is a lightweight, low cost strong user authentication token, especially designed for the large volume banking market. GO3 is extremely easy to use - with a simple touch of a button, the customer generates a unique one-time password. The password can be only used once, which means that it can’t be re-used by fraudsters. Digipass GO3 is VASCO’s answer to banks that want to give their customers a simple though secure means to use Internet banking applications.

“For Capitec, online security is crucial,” said Riaan Stassen, CEO of Capitec Bank. “We chose VASCO because of its vast experience as a strong authentication vendor to the financial world. Digipass GO3 is a proven product combining high security and a very high user friendliness.”

“Capitec is our first banking customer in South-Africa,” said Jan Valcke, VASCO’s President and COO. “Therefore, we applaud Capitec’s visionary approach towards online security. We are convinced that together we will make this project a great success.”



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 2 609 9740, [email protected]