This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

VASCO And Belfius Embrace The Use Of The Belgian EID Card In The Security And Banking Business

BRUSSELS, Dec. 18, 2012 /PRNewswire/ -- VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a leading software security company specializing in authentication products, leverages the use of the Belgian eID card for its MYDIGIPASS.COM platform. Additionally, the company has partnered with leading Belgian bank Belfius ( www.belfius.be) to make Belfius' online banking application eID-ready.

With VASCO's DIGIPASS 810 eID reader, the company offers the more than 10 million Belgian citizens who own an eID the possibility to authenticate and generate OTPs (one-time passwords) through the use of a Belgian eID card and the PIN code linked to the eID. VASCO will hence enable Belgian citizens to authenticate themselves in a safe and user-friendly manner on every website secured by MYDIGIPASS.COM by using their eID and VASCO's unconnected eID reader DIGIPASS 810.

MYDIGIPASS.COM is VASCO's hosted consumer authentication platform offering convenient and secure login services to various web applications by adding two-factor authentication security in a straightforward and cost-efficient manner.

MYDIGIPASS.COM offers end-users different options to authenticate themselves. Citizens can download a free DIGIPASS for Mobile application on their smart phone, tablet or portable device from the MYDIGIPASS.COM platform. This mobile application offers citizens the possibility to securely log on to various applications by scanning a QR code or generating a dynamic, one-time password. VASCO also offers SMS authentication with its Virtual DIGIPASS.

Additionally, VASCO offers connected and unconnected card readers that are eID ready. With over 5 million DIGIPASS devices deployed in the Belgian banking market alone, VASCO's strong user authentication is already well integrated in the Belgian citizens' daily life.

Belfius, one of Belgium's leading banks with over 1,2 million active online banking clients, will be the first bank to leverage the use of the Belgian eID card for its online retail banking applications. The bank will deploy a branded DIGIPASS 870 card reader as of Q3 2013, offering its customers the possibility to conduct their online banking business with their bank card. Additionally, Belfius' customers can use the Belfius card reader to access all government applications that are protected with the eID. With this initiative Belfius is pioneering with eID compatibility in the banking world. The DIGIPASS card reader combined with the eID card will eventually be used to manage customer relations.

"We are proud to be part of such collaboration," says Michel Luttgens, Marketing director retail & commercial banking. "Through the deployment of the new DIGIPASS card reader, Belfius will be able to continue offering its online banking customers secure access, it also enables Belfius' customers to make full use of the eID protected applications. In this way, Belfius can significantly contribute to the adoption of e-government applications."

"We are very pleased to integrate the use of eID in our MYDIGIPASS.COM platform," says Jan Valcke, President and COO, from VASCO Data Security. "It is a big step forward towards reaching VASCO's objective to make its MYDIGIPASS.COM platform omnipresent and to give end users the possibility to be in control of their online identity. We'd further like to applaud the visionary approach of Belfius. With this partnership, Belfius on its part leverages the existing governmental platform for commercial and B2B applications."  

"The more eID can be used for daily life applications, the more interesting it becomes", says State Secretary Hendrik Bogaert. He sees this project as an example of how to take e-government to a higher level. "Fedict develops innovative software which VASCO then uses to develop MYDIGIPASS.com. Belfius offers its clients the far-reaching opportunities of the new DIGIPASS. And a satisfied customer is what we all aim for."

About Belfius

Belfius Bank and Insurance, known as Dexia Bank Belgium up until 1 March 2012, is a for-profit PLC originally founded to meet local authority needs. Belfius Bank has approximately 4 million customers and has solid foundations in the retail, professional, public and social profit industry. Belfius' objective is to be a locally established relationship bank.  More information on www.belfius.be

A bout VASCO

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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,031.14 +43.63 0.26%
S&P 500 1,984.13 -1.41 -0.07%
NASDAQ 4,518.9020 -48.6960 -1.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs