Bank Mandiri, Indonesia's Leading Retail Bank, to Use VASCO's Digipass 260
Tuesday November 4, 3:00 am ET
Bank Mandiri to Use Digipass 260 to Safeguard Its Consumer Customer Assets For Internet Banking Applications
OAKBROOK TERRACE, Ill. and BRUSSELS, Belgium, Nov. 4
biz.yahoo.com
/PRNewswire-FirstCall/ -- VASCO (Nasdaq: VDSI; vasco.com ), a global
provider of enterprise-wide security products that supports e-business and
e-commerce, announced today that leading Indonesian Financial Institution,
Bank Mandiri ( bankmandiri.co.id ) has selected VASCO's Digipass 260 to
help the bank protect a series of on-line services that the bank expects to
launch shortly. This initiative is part of Bank Mandiri's continuous efforts
to offer its customers additional channels and convenience through which
banking transactions can be performed round the clock, 7 days a week, and most
importantly for the bank, in a no less secure environment as compared to the
face to face transactions carried out traditionally at the bank's over
691 branches country wide. For the initial roll out, Bank Mandiri ordered a
total of 100,000 units of Digipass 260.
Bank Mandiri is Indonesia's largest bank in terms of assets, loans and deposits. Total assets as of June 30, 2003 were Rp 257.8 trillion (USD31.19 Billion) or around 24.4% of the assets in the Indonesian banking system. Through the efforts of its more than 17,818 employees, Bank Mandiri provides comprehensive financial service to more than 6 million corporate and individual customers as well as small and medium sized enterprises in Indonesia.
By putting its trust in Digipass 260, Bank Mandiri is the first bank to deploy this brand new VASCO product. The Digipass 260 is user-friendly, lightweight, reliable, and supports multi applications, including features designed to provide users with a positive experience. The design of the DP 260 is the result of years of experience that VASCO has accumulated in providing more than 10 million tokens to the global banking and finance industry.
"We are honored to have Mandiri Bank as a customer," said Jan Valcke, VASCO's President and COO. "By co-operating with a renowned financial institution like Mandiri, VASCO dramatically reinforces its position as the trusted authentication partner to leading Asian banks."
"This step once again demonstrates Bank Mandiri's resolve to constantly innovate and provide new value added services to our esteemed customers, using the best technology," stated Mr. Kostaman Thayib, Senior Vice President & Group Head - Consumer Liabilities of Bank Mandiri. "The evaluation and selection process was necessarily stringent and exhaustive, taking no less than one year and involving the joint efforts of a number of divisions within the Bank. Key considerations during the evaluation were the level of protection offered, product quality, ease of use, feature set, the vendor's understanding of our needs and its previous experience in delivering similar solutions. We chose VASCO, which, while not the lowest priced solution, was closest to our security, technical and commercial requirements. Together we are confident that Mandiri Bank's customers will experience the highest possible security level to perform e-banking transactions, while enjoying the best possible user experience." |
