VASCO Adds 15 New U.S. Banks During Q2 2006

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VASCO Adds 15 New U.S. Banks During Q2 2006
 VASCO Establishes Itself as the U.S. Leader in Securing Corporate Banking
 Applications; 50 U.S. Banks Use VASCO's Digipass and VACMAN Controller for
 Corporate Banking; VASCO's Strategy for the U.S. Market Works; VASCO Wins
                Over 1 U.S. Bank Per Working Week During Q2

    OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, July 27 /PRNewswire/ --
VASCO Data Security International, Inc. ( http://www.vasco.com ) (Nasdaq:
VDSI), the global number one vendor of strong user authentication and
e-signature products, today announced that it has won 15 new U.S. banks in
the second quarter of 2006 for corporate banking applications. This is a
record in the company's history, and a proof of the fact that VASCO's
approach of the U.S. market is working.
    VASCO's strategy is to focus on the corporate banking market first.
Once a bank has deployed a first batch of Digipass and has integrated
VACMAN Controller, it is technically ready for larger deployments in other
applications, including retail banking. VASCO expects the first strong
authentication projects for retail banking to happen in 2007. The company
believes that Digipass for Web will be an important tool to reach that
goal.
    The swift rise of the number of new U.S. banks using VASCO is due to
several reasons:
    1. VASCO's market strategy and execution towards banks works splendidly;
    2. The recent FFIEC guidelines for strong authentication have created
       awareness in the American banking sector. E-security has become an
       issue;
    3. VASCO has invested strongly into developing its sales machine in the
       United States. Those investments pay off;
    4. The dense network of solution partnerships that VASCO has welded with
       e-banking infrastructure vendors brings VASCO in the reach of most - if
       not all - financial institutions;
    5. Strong partnerships with the leading banking application providers.
    VASCO's core technology, VACMAN Controller, supports a wide array of
client authentication products, hard- and software Digipass,
certificates/USB products and password technologies such as TAN- and
scratch list. Once the bank has integrated VACMAN Controller for a first
application, it can pick the right kind of VASCO client authentication
product for the right customer segment. This unique a la carte
authentication offering is one of VASCO's great assets and a huge
competitive advantage.
    "The fact that we won over one U.S. bank per working week during Q2 is
clear evidence of the fact that our strategy for the North American market
is working," said Jan Valcke, VASCO's President and COO. "Currently, fifty
U.S. banks are using VASCO's Digipass and VACMAN Controller or VACMAN
Middleware for corporate e-banking, including five top-ten banks. With our
array of close to fifty client authentication products, we are ready to
make a further push into the U.S. e-banking market."
    About VASCO: VASCO designs, develops, markets and supports patented
user authentication products for 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 approx. 25 million
Digipass products sold and delivered, including the units sold by AOS
Hagenuk prior to our acquisition, VASCO has established itself as a
world-leader for strong User Authentication with over 470 international
financial institutions and approximately 2,600 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:
    Jochem Binst, +32 2 609 9700, pr@vasco.com
SOURCE VASCO Data Security International, Inc.
http://www.vasco.com
CONTACT:
Jochem Binst of VASCO, +32 2 609 9700,
pr@vasco.com