NW_20060711_en_Old National Bank (USA) Uses VASCO’s Digipass 260 for Corporate Banking

July 11, 2006

OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, - July 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 US based Old National Bank (www.oldnational.com ) (NYSE: ONB) will secure its corporate banking customers with VASCO’s Digipass 260 and VACMAN Radius Middleware.

With assets at $8.2 billion, Old National Bancorp is the largest financial holding company headquartered in Indiana. Old National has expanded its traditional community-banking heritage into a multi-state financial services company. Old National boasts a 171-year history of solid performance as a result of the company’s unfailing commitment to meeting the diverse needs of its customers, employees, and shareholders.

Old National uses Web Cash Manager software by VASCO’s solution partner P&H Solutions. VASCO’s VACMAN Middleware and Web Cash Manager have been integrated and boast many joint banking customers. This integration allows the bank to manage Digipass strong user authentication in an extremely swift and user friendly way.

VASCO’s Digipass 260 is a small and lightweight strong authentication product, offering all the benefits of VASCO’s Digipass product range. It offers remote access, one-time passwords and e-signatures at the lowest cost. The ease of use of the product has been proven in numerous applications. High resolution pictures of Digipass 260 can be downloaded at http://www.vasco.com/digipass-260.

“We chose VASCO because of the track record of the company in the financial sector and because of the reliability and ease of use of the Digipass product,” said a spokesperson of Old National. “Our corporate clients expect a high level of service and a secure and trustworthy environment to perform high value transactions. VASCO’s Digipass and VACMAN products are crucial in that respect.”

“We welcome Old National Bank as a customer,” said Jan Valcke, VASCO’s President and COO. “VASCO’s products have quickly gained traction in the US banking market and we see this adoption continuing. Thanks to visionary customers such as Old National, we will make the Internet a safer place to do business in the US.”

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 9700, [email protected]