OAKBROOK TERRACE, Ill. and ZURICH, March 20, 2013 /PRNewswire/ -- VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a leading software security company specializing in authentication products, announces today that Monizze, developer of electronic payment solutions, will integrate the MYDIGIPASS.COM platform to authenticate both its customers and their end users on its customer portal and MyMonizze.com.
Monizze develops electronic payment solutions, and addresses digitalization opportunities of coupons, tickets, or any paper vouchers. Monizze is licensed by the Belgian government as an electronic meal voucher issuer. Meal vouchers are the most common used extralegal advantage in Belgium. The prepaid vouchers can be used to purchase food in restaurants, shops and large supermarkets and are given to employees as an employee benefit. Monizze has developed a solution that replaces the traditional paper coupons with an electronic chip card.
The company addresses both the employer and the employee. Employers can upload the monetary amounts on the employee's electronic chip card using Monizze's employers' web application. Employees in turn can check the total amount on the card using the "MyMonizze" application.
To secure access to these confidential data, Monizze has implemented VASCO's authentication platform MYDIGIPASS.COM ensuring both employer and employee that unauthorized access to their confidential information is out of the question. The use of MYDIGIPASS.COM's two-factor authentication adds an extra security layer to Monizze's applications. Users must possess a DIGIPASS. The dynamic password generated by DIGIPASS can only be used once and has a limited validity.
Users of Monizze can register themselves on www.MYDIGIPASS.COM and download the free DIGIPASS for Mobile application. With DIGIPASS for Mobile users can generate a dynamic one-time password on their cell phone, tablet or mobile device to securely log on to Monizze's applications. MYDIGIPASS.COM also uses QR codes that increase user convenience. By scanning the QR code with the DIGIPASS for Mobile application, users obtain immediate access to the platform.
"We are thrilled to partner with VASCO," says Jean-Louis Van Houwe, CEO of Monizze. "We offer our customers elaborate payment solutions without compromising on security. VASCO has built a worldwide reputation as a specialist in securing banking applications. By integrating VASCO's innovative and renowned technology into our web applications, we give our users the fundamental trust to use our online services in a secure manner without being oblivious about user friendliness."
"This alliance with Monizze is another important step in the further expansion of VASCO's MYDIGIPASS.COM community," says Ken Hunt, Founder, Chairman and CEO of VASCO Data Security. "This cooperation is equally beneficial for Monizze. By integrating MYDIGIPASS.COM into its web applications, Monizze is able to boost customer trust while at the same time providing employers and employees with the flexibility to manage their online accounts."
Monizze develops electronic payment solutions, and addresses digitalisation opportunities of coupons, tickets, or any paper vouchers. Monizze has received its State's License as electronic meal voucher issuer in September 2011.Monizze is a 100% Belgian company dedicated to the simplification of its client and user life. More information on www.monizze.be
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 a 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.
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.
This document may contain trademarks of VASCO Data Security International, Inc. and its subsidiaries, including VASCO, the VASCO "V" design, DIGIPASS, VACMAN, aXsGUARD and IDENTIKEY.
SOURCE VASCO Data Security International, Inc.