ING Luxemburg to Use VASCO's Digipass GO3 for Retail Banking

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ING Luxemburg to Use VASCO's Digipass GO3 for Retail Banking
   First Bank in Luxemburg to Use VASCO's Strong Authentication in a Retail
 Environment; Protection of Account Holders Against Phishing and Other Fraud
                                   Schemes

    OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, Nov. 30
/PRNewswire-FirstCall/ -- VASCO Data Security International, Inc.
(Nasdaq: VDSI) ( http://www.vasco.com ), the global number one vendor of
strong user authentication products to the financial sector, today announced
that ING Luxemburg ( http://www.ing.lu ) will offer Digipass GO3 to its retail
customers. ING Luxemburg ordered 10,000 units of VASCO's successful one-button
token and is the first bank in Luxemburg to offer Digipass to its retail
customers.
    ING Luxemburg is one of the leading investor's banks in the Grand Duchy of
Luxemburg and is a 100% daughter of ING Belgium. ING Luxemburg is active in
the field of Personal Banking, Private Banking, Corporate/Institutional
Banking and Management of Funds. ING was the first bank in Luxemburg to offer
its customers free of cost Internet banking. With the introduction of Digipass
GO 3, it will be the first bank in Luxemburg to offer its customers secure and
phishing-free Internet banking.
    Digipass GO3 is a lightweight, low cost strong user authentication token,
especially designed for the large volume banking market. GO3 is extremely easy
to use -- with a simple touch of a button, the customer generates a unique
one-time password. The password changes every 36 seconds and can be only used
once, which means that it can't be re-used by fraudsters. Digipass GO3 is
VASCO's answer to banks that want to give their customers a simple though
secure means to use Internet banking applications.
    The Grand Duchy of Luxemburg is one of the world's most important
financial hubs, with around 200 financial institutions. In 2001, the net
active of placements with banks in Luxemburg totalled over 800 billion Euro,
which makes Luxemburg the most important financial centre in Europe.
    According to ING Luxemburg, security and user friendliness are of the
utmost importance for any Internet banking operation. "We opted for VASCO's
Digipass GO3 because of its quality, ease of use, competitive pricing and
VASCO's extensive experience as a supplier of strong authentication products
to the financial sector."
    "It is our pleasure to have ING Luxemburg as a VASCO customer," said Jan
Valcke, VASCO's President and COO. "Luxemburg is a very important banking
market. The Internet will prove to be a crucial channel for retail investors
having assets in Luxemburg, since they often live abroad. Digipass and ING
Luxemburg's e-banking application open the road to secure retail e-banking in
the Grand Duchy."

    About VASCO:  VASCO designs, develops, markets and supports patented
"Identity Authentication" products for e-business and e-commerce.  VASCO's
Identity Authentication software is delivered via its Digipass hardware and
software security products. For user access control, VASCO's VACMAN products
guarantee that only designated Digipass users get access to the application.
With over 12 million Digipass products sold and shipped, VASCO has established
itself as a world-leader for strong Identity Authentication with more than 300
international financial institutions and over 1,400 blue-chip corporations and
governments located in more than 80 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.

    Contact:
    Jochem Binst
    Phone: +32 245 69 810
    jbi@vasco.com
SOURCE VASCO Data Security International, Inc.
http://www.ing.lu
http://www.vasco.com
CONTACT:
Jochem Binst of VASCO, +32 245 69 810,
jbi@vasco.com