NW_20080305_en_Swedbank Uses VASCO in Sweden and Baltic States

March 5, 2008

OAKBROOK TERRACE, Ill., and ZURICH, Switzerland, March 05, 2008 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com ), the leading software security company specializing in authentication products, today announced that Swedbank (www.swedbank.com) has signed a two-year contract with VASCO. Swedbank will secure over 1.25 million retail customers in Sweden and the Baltic States with VASCO’s Digipass 260 and Digipass 300 Comfort.

Swedbank’s retail customers use VASCO’s Digipass for challenge/response at user identification and digital signatures. Digipass 260 is a PIN-protected and versatile client authenticator that can be used anywhere and anytime. In order to offer its visually impaired the same level of security as the rest of its customer base, Swedbank has opted for Digipass 300 Comfort, a desk-model Digipass with a large lcd-screen and larger buttons. Digipass 300 Comfort and Digipass 260 share the same functionalities, including e-signature.

Swedbank is the leading bank in Sweden, Estonia, Latvia and Lithuania, offering a full range of easy-to-use and competitively priced financial services for private individuals, corporates and organisations. Outside its home markets, Swedbank operates in Denmark, Finland, Norway, Western Russia, Luxembourg, Ukraine, US, China and Japan.

“We opted for VASCO because of their product offering for authentication and their broad experience and knowledge in this area.” said Christer Cragnell, CIO of Swedbank Group. “Customer service is of the utmost importance to Swedbank. By partnering with VASCO, we’ll be able to secure our customers’ assets in a flexible and cost effective way.”

“We are proud that Swedbank partnered with VASCO,” said Jan Valcke, VASCO’s President and COO. “Over the next two years, we will work closely together with our customer in order to offer their customers user friendly, accessible and secure e-banking applications.”

About VASCO: VASCO is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions. VASCO has positioned itself as a global software company for Internet Security serving a customer base of close to 6,500 companies in more than 100 countries, including approximately 1000 international financial institutions. VASCO’s prime markets are the financial sector, enterprise security, e-commerce and e-government.

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 2609 97 00, [email protected]