Vasco Data Security introduces `Digipass'user authentication device to North American markets
Source: Business Wire
LOMBARD,Ill.--(BUSINESS WIRE) via Individual Inc. -- Patented Security Technology is Currently Securing Online Commercial and Financial Transactions at More Than 65 European Institutions
VASCO Data Security, Inc. (VASCO), a wholly-owned subsidiary of VASCO Corp (OTCBB Symbol: VASC) is introducing the Digipass version 5.1 user authentication token to its North American markets, expanding the authentication options available to its clients. The Digipass token is developed by another wholly-owned Belgium-based subsidiary of VASCO Corp., Digipass s.a., and is currently being used by more than 65 banking and financial institutions throughout Europe.
"This is the first step in our strategy to offer a family of advanced authentication solutions that satisfy multiple requirements in price, performance, ease of use and integrity," said John Haggard, President of VASCO Data Security, Inc. "VASCO is committed to offering leading edge security technologies that enable online banking, Internet commerce and data security initiatives worldwide."
The Digipass token offers a second one-time password paradigm time-based response only to the VASCO family of user authentication products. Currently, VASCO offers the AccessKey(TM) II challenge/response, time-based token device. Both paradigms are important, with each offering varying degrees of ease of use and integrity. Clients will now be able to deploy the solution that best fits their needs. In some cases the best solution is using both the AK II and the Digipass side by side.
Digipass is widely used in the European banking and financial communities to secure electronic banking applications. To date, more than one million Digipass tokens have shipped to over 65 banking and financial institutions. As North American institutions follow the European lead in providing similar electronic services for both corporate and consumer banking, a proven, cost-efficient security device such as Digipass will be needed.
The Digipass token is immediately available and can be integrated into virtually any environment where a static password is currently in use. VASCO has already begun to notify its partners which currently integrate the AccessKey II, of the availability of the Digipass token. As part of this expanded line of security products, VASCO has initiated a North American Integrator/Reseller program and is actively seeking qualified value added security resellers.
Digipass s.a., the developer of the Digipass token, and Lintel Security s.a. were acquired by VASCO Corp. on June 1 and July 1 of this year, respectively. Both companies are soon to be consolidated into one operating company to be known as VASCO Data Security, s.a., with headquarters in Charleroi, Belgium. The AK II and Digipass fall within the scope of the VASCO patents issued by both the U.S. Patent Office and the European Patent Office.
About VASCO Corp.
VASCO Corp., headquartered in Lombard, IL, and its foreign and domestic subsidiaries offer information security technologies that enable critical client applications designed to achieve corporate initiatives and improve profitability. Since initiating its strategy in 1986, VASCO Corp., through strategic acquisitions and internal growth, has become a leader in computer security authentication devices, with nearly 2 million units shipped to date.
The Company's computer security subsidiaries include VASCO Data Security, Inc., headquartered in Lombard, IL, as well as Lintel Security and Digipass s.a., both of Brussels, Belgium. VASCO's patented and proprietary hardware and software security products provide computer security, Advanced Authentication Technology and RSA/DES encryption for financial institutions, industry and government.
Additional information is available on the World Wide Web at vasco.com.
CONTACT: Vasco Corporation, Lombard | Mr. Ken Hunt, (CEO) | 630.495.0755 (voice) |
630.495.0279 (fax) | 800.290.7215 (fax on demand) | thk@vasco.com (e-mail) |
vasco.com (web) | or | DIGIPASS/LINTEL SECURITY, Brussels | Mr. Mario
Houthooft, Managing Director | 32.71.37.27.11 (voice) | 32.71.37.27.69 (fax) |
info@digipass.com (e-mail) | digipass.com
[11-13-96 at 16:47 EST, Business Wire]
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