OAKBROOK TERRACE, Ill., and ZURICH, June 13, 2013 /PRNewswire/ -- VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), a leading software security company specializing in authentication products and services, today announced a new addition to its DIGIPASS e-signature portfolio with DIGIPASS 280, offering strong authentication in a convenient slim design.
DIGIPASS 280 provides a comprehensive transaction data signing and authentication solution that banks and other organizations can use to effectively combat Internet fraud by replacing static or paper-based password systems with dynamic one-time passwords (OTPs) and e-signatures that are calculated with DIGIPASS algorithms. The e-signature functionality offers the best protection against man-in-the-middle and similar fraud schemes.
Its unique size allows the authenticator to be customized with an electronic EMV chip or magnetic strip encoding to turn the authentication device into a regular debit, credit or ATM card. By leveraging the authentication device, banks can increasingly enhance their brand image while consequently boosting customer trust and loyalty.
DIGIPASS 280 supports up to four different native time-based applications: two OTP and two e-signature applications. The OTP-applications generate strong dynamic passwords with a limited validity. With a simple push on the button, DIGIPASS 280 displays an OTP each time a user wants to remotely log on to an application, website or network. The two applications each use their own cryptographic secret to calculate the OTPs which greatly enhances security. Banks can opt to use one OTP-application exclusively for online banking purposes and to use the other to secure e-commerce transactions for instance.
The e-signature applications require data field validation from the user in order to generate an e-signature. For regular transactions, the user will typically validate the amount in order to complete the transaction signature. For higher risk transactions, the second application can be used requiring additional field validation such as an account number to strengthen security.
The authenticator is equipped with a high contrast LCD, a dedicated power button and a 12-button touch keypad providing an intuitive user experience. DIGIPASS 280 can be fully customized displaying the company's corporate identity and branding.
"We are pleased to announce this latest addition to our e-signature product gamma," says Jan Valcke, President and COO of VASCO Data Security. "With the introduction of a strong authenticator in an ultra slim design, we have developed an ultimate user-friendly solution that offers strong protection against unauthorized access, phishing plots and man-in-the-middle fraud schemes. DIGIPASS 280 reinforces our financial solutions offering, enabling banks and financial organizations to incorporate strong authentication in a debit, credit or ATM card and to leverage their authentication investment."
An image of DIGIPASS 280 can be found on: http://www.vasco.com/DIGIPASS280_image
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. VASCO's products and services are delivered on the customers' premises or in the cloud.
Forward Looking Statements: Statements made in this news release that relate to future plans, events or performances are forward-looking statements. These forward-looking statements (1) are identified by use of terms and phrases such as "expect", "believe", "will", "anticipate", "emerging", "intend", "plan", "could", "may", "estimate", "should", "objective" and "goal", "possible", "potential", and similar words and expressions, but such words and phrases are not the exclusive means of identifying them, and (2) are subject to risks and uncertainties and represent our present expectations or beliefs concerning future events. VASCO cautions that the forward-looking statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These risks, uncertainties and other factors have been described in greater detail in the Annual Report on Form 10-K for the fiscal year ended December 31, 2010 filed with the Securities and Exchange Commission and include, but are not limited to, (a) risks of general market conditions, including currency fluctuations and the uncertainties in world economic and financial markets, (b) risks inherent to the computer and network security industry, including rapidly changing technology, evolving industry standards, increasing numbers of patent infringement claims, changes in customer requirements, price competitive bidding, and changing government regulations, and (c) risks specific to VASCO, including, demand for our products and services, competition from more established firms and others, pressures on price levels and our historical dependence on relatively few products, certain suppliers and certain key customers. Reference is made to VASCO's public filings with the U.S. Securities and Exchange Commission for further information regarding VASCO and its operations.
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SOURCE VASCO Data Security International, Inc.