OAKBROOK TERRACE, Ill. ZURICH Feb. 22, 2011 www.vasco.com
VolCorp is a financial cooperative which provides low-cost financial services, investments and lending rates to credit unions. Several years ago, VolCorp decided to roll out DIGIPASS GO 6 to protect access to VolCorp Online, an online tool for its member credit unions. The adoption of multi-factor authentication was stimulated by the increased risk of online attacks in the financial industry in general and the recommendations of the National Credit Union Administration (NCUA), the governing body for credit unions, in particular. The NCUA issued guidance to credit unions offering Internet-based services to use appropriate security measures and technologies to authenticate users.
VolCorp decided to implement VASCO’s DIGIPASS GO 6 in combination with the authentication software, VACMAN Controller. VolCorp chose to roll-out strong authentication to comply with the recommendations from the NCUA and native integration into the existing applications. VACMAN Controller met these requirements and was seamlessly integrated into VolCorp Online.
Over 2,500 credit union users have now been equipped with a customized DIGIPASS GO 6 enabling them to securely log-on to VolCorp Online. DIGIPASS GO 6 replaces the use of static passwords with dynamic one-time passwords.
Volunteer Corporate Credit Union (VolCorp) is a not-for-profit financial cooperative that serves natural person credit unions nationally. We were organized for the express purpose of providing low-cost financial services and competitive investment and lending rates to our member/owners, and are guided by a volunteer board of directors.
VolCorp is totally owned and directed by our member credit unions. Profit is not the driving force; rather VolCorp exists solely for the benefit of our member credit unions, which is a significant difference from other financial institutions.
Tennessee Alabama Kentucky Mississippi South Carolina West Virginia California Florida Georgia Idaho Illinois Louisiana Maryland Michigan North Carolina North Dakota Ohio Texas Wisconsin $1 billion
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 over 10,000 companies in more than 100 countries, including more than 1,600 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 "believe," "anticipate," "plan," "expect," "intend," "mean," "potential" 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 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.
For more information contact:
Jochem Binst, +32 2 609 97 00, [email protected]
SOURCE VASCO Data Security International, Inc.