VASCO Data Security International, Inc. (VDSI)

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This is Huge!!......Tuesday, 14 April 2015 Deutsche Bank Selects VASCO CrontoSign Technology to Secure Online Banking Accounts VASCO Data Security International, Inc. (NASDAQ: VDSI), a global leader in authentication, digital signatures, and identity management, announced today that Deutsche Bank has implemented VASCO’s CrontoSign technology to secure online banking accounts. The new offering is part of a major update to Deutsche Bank's online and mobile banking platform which went live in October, 2014. Deutsche Bank, the largest bank in Germany, now offers its customers a more secure, simple and user-friendly way to authenticate and digitally sign online and mobile banking transactions. CrontoSign technology uses a next generation color QR code which contains all of the transaction data. This cryptogram is displayed on thecustomer’s screen after the transaction information has been entered into the banking application. After the customer scans the QR code with either a handheld reader or their smartphone running Deutsche Bank’s mobile application, the user receives confirmation of the transaction details and a one-time signature code. This allows the customer to see the details of what the bank believes the customer has requested, specifically the amount of the transaction and the payee. This information is encrypted in the high definition QR-code and cannot be altered or replicated by a hacker. VASCO’s CrontoSign technology mitigates the increasing risk of banking malware and Man-in-the-Middle attacks, and provides the customer and the bank assurance that the payment instructions have not been changed. This innovative process provides a simple way of providing high-level security to protect online and mobile banking against the most sophisticated new attacks. As an added value, Deutsche Bank also offers its mobile banking customers an innovative, secure and user-friendly means of performing a wire transfer with just three clicks. To achieve this, Deutsche Bank's "Meine Bank" app will automatically connect to and communicate with the CrontoSign app whenever a transaction is requested. The CrontoSign app is available via the different mobile platforms’ app stores. Customers preferring a dedicated hardware authenticator can opt for a VASCO DIGIPASS 760. The backend of the new solution was implemented by means of the VACMAN controller, VASCO's highly scalable authentication platform. "CrontoSign technology is currently the most user friendly authentication procedure on the market," said Michael Koch, Manager Online and Mobile Banking at Deutsche Bank Privat- und Geschäftskunden AG. "The solution attracted us specifically for its innovative character and its versatility. And with VASCO, it is backed by an experienced vendor that has been a leader in online banking security for years.” "We are honored that Deutsche Bank is using our CrontoSign technology and we expect that the new solution will find high acceptance rates in their customer base," said Jan Valcke, President and COO of VASCO Data Security. " We are very happy that another major bank has selected our CrontoSign technology to protect their online and mobile transactions.”. Read more at: http://www.pocketnewsalert.com/2015/04/Deutsche-Bank-Selects-VASCO-CrontoSign-Technology-to-Secure-Online-Banking-Accounts.html. Read more at: http://www.pocketnewsalert.com/2015/04/Deutsche-Bank-Selects-VASCO-CrontoSign-Technology-to-Secure-Online-Banking-Accounts.html