Lebes Stores implements VASCO’s strong authentication technology to control its discount process.

Oakbrook Terrace, Illinois, Zurich, Switzerland, May 15, 2012 - VASCO Data Security Inc. (Nasdaq: VDSI; www.vasco.com), a leading software security company specializing in authentication products announced today that Lebes Stores (www.lebes.com.br), one of the largest department stores in the State of Rio Grande do Sul, in the South of Brazil, has chosen to deploy VASCO’s DIGIPASS GO 3 and IDENTIKEY to ensure greater reliability and security when granting discounts to their customers.

The company, which has 112 branches, already had a relationship for almost ten years with PBI (www.pbi.com.br), a reseller specialized in information security and a network member of Techmag, VASCO's distributor in Brazil. "They were responsible for the implementation of an antivirus system and the management and protection of our data. So it was natural that they would present a cutting-edge solution to resolve this issue," explains Otelmo Drebes, IT director at Lebes Stores.

Recognized for its creative and aggressive marketing, Lebes faced many problems at the time of closing sales with discounts. The static passwords to activate the discounts were shared among employees and it was difficult to control when discounts were applied. "The static password authorization did not meet our needs because it was subject to misuse. Furthermore, the supervisor had to calculate discounts for special products himself which often resulted in slower service and calculation errors,” recalls Otelmo Drebes.

The executive notes that since the adoption of VASCO’s DIGIPASS GO 3 and IDENTIKEY Enterprise the level of control of the discount process increased from 60% to 100% and the device is used by six supervisors. “By implementing one-time passwords, we were able to control the discount process and protect our revenue. By just pushing a button we can identify at what time and in which store a supervisor applied a discount. Now we have total control of the operation," says the Lebes IT director.

One of the challenges that PBI needed to overcome in order to deliver the solution was the need for integration with the ERP system used by Lebes Stores. "The implementation time was only two months which not only proves the technical expertise of PBI’s team, but also that VASCO’s solution is very easy to adopt. It provides us with a friendly interface and does not require investment in training of users," concludes Otelmo Drebes, who is now also studying the expansion of the use of the authentication device for other internal processes.

“We are pleased to learn that Lebes Stores was able to solve fundamental issues regarding revenue protection with VASCO’s solutions”, says Jan Valcke, President and COO of VASCO Data Security. “Thanks to the deployment of strong two-factor authentication, Lebes Stores was not only able to heighten the security of its overall infrastructure, but the company could actually prevent revenue loss due to the misuse of discounts given to customer. By implementing DIGIPASS technology, passwords to register customer discounts can no longer be shared, therefore preventing that discounts were accredited multiple times and protecting revenue. This truly demonstrates that VASCO’s authentication solutions are versatile in their use and that strong authentication can provide a simple answer to some major challenges, even when it comes to revenue protection.”

Founded in 1956, Lebes Stores department stores have 112 branches and strong presence in the furniture, appliances, technology, mobile phones and fashion, owning one of the largest garment factories throughout the state of Rio Grande do Sul, in the South of Brazil. Their strategy focused on consumer finance allows itself to guarantee the purchase of furniture up to 25 times and fashion up to 15 times. For the last few years they have increased the share of sales made through the company’s website that is betting in the growth potential of e-commerce.

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 approximately 10,000 companies in more than 100 countries, including over 1,700 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. 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, 2009 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

For more information contact:
Jochem Binst, +32 2 609 97 00, [email protected]
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