Over 100 Banks Use VASCO’s Strong User Authentication in the U.S.A.
OAKBROOK TERRACE, Ill. and BRUSSELS, BELGIUM—November 29, 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 it has passed the landmark of 100 customers in the U.S. banking sector.
VASCO’s experience has helped many of the leading U.S. banks in their quest to secure their Internet banking applications. The proven technology and positive user experience of VASCO’s Digipass and VACMAN Controller products have assured many successful strong authentication projects. The quality of its products and the experience gained with 28 million Digipass authentication products sold and delivered have proven to be convincing arguments to the financial sector.
“The swift rise of the number of U.S. banks using VASCO’s products, proves once again that our business plan for the U.S. is working,” said Jan Valcke, VASCO’s President and COO. “The realization in the financial community that VASCO is the expert for strong authentication is the product of our experience, focus, and solutions geared towards customer interfacing applications. The growing number of online fraud schemes and the FFIEC guidelines are important catalysts to strengthen our leadership position. We believe that VASCO will continue to accelerate our penetration of the U.S. banking market in the short term.”
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]