NW_20061114_en_VDK Spaarbank (Belgium) Selects Digipass 810 for Retail banking and E-Commerce

November 14, 2006

OAKBROOK TERRACE, Ill. and BRUSSELS, BELGIUM—November 14, 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 Belgian bank VDK Spaarbank (VDK Savings Bank - www.vdk.be) will distribute VASCO’s Digipass 810 Unconnected Smart Card Reader to all its online users. VDK Spaarbank’s e-customers will use Digipass 810 in conjunction with the VDK debit smart card for e-banking and e-commerce.

VDK Spaarbank is a medium sized bank in Flanders-Belgium, providing all round services from about 100 offices. VDK Spaarbank is among the pioneer banks to participate in the e-commerce project of Banksys, which allows payment by debit smart cards for online purchases. To pay online, the customer needs his debit card, the card number, the expiration date of the debit card and his Digipass to identify himself. A growing number of Belgian e-commerce websites use this online payment system.

Digipass 810, or VDK-Card Reader as the product is baptized by VDK Spaarbank, is a trustworthy unconnected Personal Card Reader designed to be used for non-face-to-face strong authentication in internet banking. Digipass 810’s unique selling points are its extra low total cost of ownership and its extreme reliability. Learn more about Digipass 810 at http://www.vasco.com/digipass_810.

“We opted for VASCO because of its great price/performance ratio and the excellent guidance we received during our decision process,” said Marc De Winne, IT Director of VDK Spaarbank. “Digipass 810 or VDK-Card Reader is the ideal security solution for our [email protected] as it is robust combined with a superior design.”

“We welcome VDK Spaarbank as a customer, “said Jan Valcke, VASCO’s President and COO. “VDK Spaarbank proves that banks of all sizes can easily integrate VASCO’s Digipass security solutions. Together with VASCO’s Digipass, VDK Spaarbank can offer its customers fully secure online banking and e-commerce applications.”

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 28 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong User Authentication with over 550 international financial institutions and approximately 3,300 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 2 609 97 00, [email protected]