NW_20070716_en_People’s United Bank (U.S.) to use VASCO’s Strong Authentication
OAKBROOK TERRACE, Ill., and ZURICH, Switzerland, July 16, 2007 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com ), the leading software security company specializing in authentication products, today announced that People’s United Bank (www.peoples.com ) will use VASCO’s Digipass GO3 and VACMAN Controller to protect their high-value transactions. The Digipass-secured applications include ACH (Automated Clearing House), Wire Transfer, Information Reporting, Internal Transfers and Stop Payments Applications.
In addition to providing its expertise with deploying cash management and ACH applications, VASCO supported People’s United Bank’s deployment through their Fulfillment Services. Fulfillment of the Digipass Go3 to the end user included administering the order, customer file preparation, packaging, delivery, tracking, and returns processing.
Founded in 1842, People’s United Bank (www.peoples.com) is a subsidiary of People’s United Financial, Inc, a bank holding company with assets of $14 billion. People’s United Bank has more than 240 ATMs and 160 branches, 75 of which offer convenient seven-day banking in Super Stop & Shop locations in Connecticut. A diversified financial services company, People’s United Bank provides consumer, commercial, insurance, brokerage, financial advisory and trust services to personal and business banking customers. People’s United recently opened its first branch in New York State and announced its intention to acquire the Chittenden Corporation, which has offices in Maine, New Hampshire, Vermont and Massachusetts.
“We applaud People’s United Bank’s decision to secure their customers’ assets with our VACMAN Controller and Digipass strong authentication solutions,” said Jan Valcke, VASCO’s President and COO. “Fulfillment and customer service have always been important assets of VASCO. It is our pleasure to put these assets at the disposal of our customers.”
About VASCO: VASCO is the number one supplier of strong authentication and e-signature solutions and services. VASCO has established itself as the world’s leading software company specialized in Internet Security, with a customer base of over 4,800 companies in more than 100 countries, including close to 750 international financial institutions. VASCO’s prime markets are the financial sector, enterprise security, e-commerce and e-government.
About People’s United Financial, Inc.
People's United Financial, Inc. is the holding company of People's United Bank (peoples.com), one of Connecticut's largest banks. People's United Financial has assets of $14 billion, more than 240 ATMs and 160 branches, 75 of which offer convenient seven-day banking in Super Stop & Shop locations across Connecticut. A diversified financial services company founded in 1842, People's United Bank provides consumer, commercial, insurance, retail investment and wealth management and trust services to personal and business banking custom
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 97 40, [email protected]