Caja Extremadura uses DIGIPASS 810 card reader to secure itse-banking solution Servicash
VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), a leading software security company specializing in authentication products, announces today that Caja de Extemadura (www.cajaextremadura.es) uses VASCO's DIGIPASS® 810 to secure its online banking solution Servicash. Caja de Extremadura is the first bank in Spain to distribute EMV CAP certified card readers to its retail customers.
Caja de Extremadura is considered as one of the most solid and profitable savings banks in Spain. Within the framework of the Independent Community of Extremadura, its scope of action, the bank manages around 25% of the business volume turning it into the unquestionable leader of the regional financial system.
As the internet is an important component of the bank's multi channel strategy and in order to give their customers a secure e-banking experience, the bank deployed VASCO's DIGIPASS 810 card readers. Functionalities of DIGIPASS 810 include among other EMV-CAP technology, making Caja de Extremadura a pioneer in Spain in using strong authentication that is EMV certified. Thanks to DIGIPASS 810 Caja de Extremadura's customers can access their online banking accounts from the comfort of their own home at any time. The bank offers customers a complete online banking experience as Servicash includes mail functionalities, a web agenda and a tool for organizing domestic accounts. To assist customers during an online purchase, Caja de Extremadura developed a virtual assistant, named "VINI".
DIGIPASS 810 is also used by Caja de Extremadura's employees to log on to the company's corporate VPN; allowing them to securely access the bank's network anywhere at any given time without needing to install additional hard- or software on end-users' computers.
"The explosive growth of online banking services and consequently the rising number of fraudulent attacks required the implementation of a strong security mechanism", says Virgilio Daza, Head of Organization at Caja de Extremadura. By choosing VASCO's DIGIPASS 810 card readers, we've added an extra layer of security in accessing our e-banking services and corporate network. Users not only need to have both the reader and their card, they also need to insert a PIN. Furthermore, as every financial transaction needs to be signed by the customer using strong dynamic passwords, we've built in another security check; reducing the risk that our customers fall prey to internet fraudsters."
VASCO's President and COO Jan Valcke says: "We praise Caja de Extramadura's pioneering vision in providing a comprehensive online banking experience to its customers. As the first bank in Spain to use EMV certified card readers with a challenge response authentication method, they have added an extra security layer to their e-banking solution; giving their customers peace of mind when conducting online transactions. DIGIPASS is a very versatile solution as one authentication solution can be implemented into different applications. Caja de Extremadura demonstrated this by using DIGIPASS to secure access to its corporate VPN, a perfect example of VASCO's Full Option, All-Terrain strategy."
About Caja de Extremadura
La Caja de Ahorros y Monte de Piedad de Extremadura is a non-profit credit organization. Its activities are aimed to serve the public interest and the economical, social and cultural development of the region in which it operates.
La Caja de Extremadura is being considered as one of the most solid and profitable organizations in the sector of the Spanish savings banks. Within Extremadura's region, the bank's scope of action, it manages around 25% of the business volume, turning it into the unquestionable leader of the regional financial system.
The group employs over 1200 people, of which more than 75% are employed in the commercial network. Caja de Extremadura has a network of 250 branches, which are concentrated in the provinces of Cáceres, Badajoz, Madrid, Barcelona, Toledo, Salamanca, Cordoba and Seville.
Forward Looking Statements
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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.
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About VASCO Data Security
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 global software company for Internet Security serving a customer base of over 8,000 companies in more than 100 countries, including more than 1,200 international financial institutions. VASCO's prime markets are the financial sector, enterprise security, e-commerce and e-government.