Totalserve to Use DIGIPASS as a Service to Authenticate Client Instructions
OAKBROOK TERRACE, Illinois and ZURICH, Switzerland – May 7, 2012 – VASCO Data Security International Inc. (Nasdaq: VDSI; www.vasco.com), announced today that leading international tax and corporate services consultancy firm, Totalserve Management Ltd, (www.totalserve.eu) will utilize VASCO’s DIGIPASS as a Service to authenticate instructions received from their global clientele and to protect their bank account transactions.
Totalserve is an international tax, trust and corporate services company based in Cyprus, with 250 employees and 12 offices in 10 countries around the world. It specializes in the areas of international tax planning, worldwide corporate services, including company registrations, and the creation of international trusts. It also offers full management and administration of companies and trusts. Finally, it provides ship registration and ship management services.
Totalserve will use DIGIPASS as a Service to replace its obsolete fax and paper-based authentication and signature system. DIGIPASS as a Service is VASCO’s cloud-based authentication service that makes use of VASCO’s proprietary authentication technology. Web application providers can focus on their core business while VASCO takes care of all aspects of securing their network and applications in an outsourced service model. Outsourcing its authentication and transaction signing needs to VASCO allows Totalserve to focus on its above-mentioned core activities.
“High-level service, security, speed, efficiency and above all trust, are crucial in our line of business,” said Totalserve’s Chairman, Peter G. Economides. “We have chosen VASCO’s DIGIPASS as a Service to help us better address all of the above. At the same time, DIGIPASS as a Service gives us the opportunity to streamline a crucial part of our business that was not within our comfort zone. This allows us to safeguard communication from our clients, optimize the management of our resources and to get rid of superfluous paper work.”
“We are happy to win a first DIGIPASS as a Service customer in the Eastern Mediterranean and would like to thank Totalserve for their confidence and the smooth cooperation” Said T. Kendall Hunt, VASCO’s Chairman and CEO. “Together, we will bring the security level of Totalserve clients’ instructions and transactions to the next level.”
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 global software company for Internet Security serving a customer base of approximately 10,000 companies in more than 100 countries, including approximately 1,700 international financial institutions. VASCO’s prime markets are the financial sector, enterprise security, e-commerce and e-government
Forward Looking Statements:
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This document may contain trademarks of VASCO Data Security International, Inc. and its subsidiaries, including VASCO, the VASCO "V" design, DIGIPASS, VACMAN, aXsGUARD and IDENTIKEY.
For more information contact: Jochem Binst , +32 2 609 97 00, [email protected]