VASCO's technology also offers synchronization between server and platform time considering "daylight savings time". This means that DIGIPASS for Mobile remains fully operational, even when the customer travels to different time zones. This mobile solution can thus be used anytime and anywhere.
Marcello Veronese, Director of Digital Channels at HSBC, says, "The enhancement of this broader DIGIPASS for Mobile deployment is the result of more than five years of research and development. We wanted to ensure that our customers would profit from an innovative and easy-to-use authentication solution, not only in Brazil, but also worldwide. Thanks to the partnership with VASCO, we created a state–of-the-art solution. It's a significant advantage for the Brazilian market where cards with static passwords are still widely in use."
According to a survey conducted by the Brazilian Federation of Banks (FEBRABAN) in 2011, the damage caused by attacks in electronic customer service channels (phone, internet, mobile banking, ATMs, credit and debit cards) reached R$ 1.5 billion of loss for Brazilian banks. In Brazil, more than 90% of banking transactions are conducted through self-service channels. As a logic consequence, increasing the level of security in this environment has been a priority for all banks. Simplicity in access without giving in on security is the basis of this new model of customer relationship. The multichannel concept HSBC introduced before and expands now implies a maximum level of technology integration and building people relationship through as many channels as possible.
"VASCO's DIGIPASS for Mobile enables HSBC Bank Brazil to position itself as a highly innovative bank in one of the most competitive markets in the world of technology solutions, playing a pioneer role worldwide," complements Veronese.Jan Valcke, COO and President VASCO Data Security, adds: "We are very proud to cooperate with HSBC Brazil to facilitate its customers to secure access to the banking services. This will result in satisfied customers and a safer environment." About VASCOVASCO 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. About HSBCHSBC Bank Brazil is a subsidiary of HSBC Holdings Plc., one of the biggest financial organizations of the world. Headquartered in London, HSBC Group is present in 86 countries in the Americas, Europe, Asia, Middle East and Oceania.For more information visit: www.hsbc.com.br 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.
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