Independent Bankers' Bank (U.S.) secures its online banking system with DigiPass Go 6 and VacMan controller.
Oakbrook Terrace, IL, USA & Zurich, Switzerland, June 18, 2008 (PRESSbooth.ORG) --VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), a leading software security company specializing in authentication products, announced that Independent Bankers' Bank (www.ibb.cc) will use VASCO's DigiPass Go 6 and VacMan Controller to protect transactions conducted through their online banking systems.
Independent Bankers' Bank, based in Springfield (IL), was organized in 1986 solely to do business with financial institutions, bankers, and bank directors. Today, with assets over $530 million, IBB's corporate philosophy remains the same - to serve every community bank with quality correspondent services, regardless of size or location.
IBB's online banking systems allow community banking institutions to initiate wire transfers, ACH transactions and view key reports, all while providing OFAC checking and meeting the stringent security requirements of the Bank Secrecy Act and the Gramm-Leach-Bliley Act.
"The community banks we serve depend on IBB to provide innovative and secure technology platforms," says Debra Stonikas, Chief Information Officer of Independent Bankers' Bank. "We chose VASCO because it integrated well with our online banking platform. However, our scope is much broader. VASCO's advanced approach to authentication - DigiPass Go 6 - provides us with the flexibility to increase the security of our other service delivery platforms as well. This makes it a sound long-term investment for IBB and our community financial institutions."
"We applaud Independent Bankers' Bank's decision to depend on VASCO's strong authentication to secure their customers' transactions," said Jan Valcke, VASCO's President and COO. "The VacMan Controller/DigiPass Go 6 combination offers IBB's Community Financial Institution customers an easy to use, flexible and secure tool to perform online banking functions."
About Independent Bankers' Bank:
Incorporated in 1986, Independent Bankers' Bank (IBB), is based in Springfield, IL and provides full correspondent banking services to Community Financial Institutions throughout the Midwest. Core services include lending, safekeeping, cash letter; wire and funds transfer services, trust and 401K. Technology is at the heart of the delivery platforms for these services. IBB has made technology a core competency in order to better meet the needs of its constituency.
About 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 close to 7,100 companies in more than 100 countries, including more than 1000 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. Any statement containing words such as "believes," "anticipates," "plans," "expects," and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.
Contact:
Jochem Binst,
+32 2 609 97 00,
jbinst @ vasco.com
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