Romania’s Leading Bank Enables Mobile and Internet Banking with VASCO DIGIPASS for Mobile Application Solutions

OAKBROOK TERRACE, IL and BUCHAREST, ROMANIA — March 29, 2017—VASCO Data Security International, Inc. (NASDAQ: VDSI), a global leader in digital solutions including identity, security and business productivity, today announced that Banca Comercială Română (BCR) has selected VASCO’s DIGIPASS® for Mobile authentication solution to secure the bank’s mobile banking and internet banking applications, Click 24 Banking BCR and Touch 24 Banking BCR. VASCO enables the bank to protect its customers against hacking by authenticating and authorizing mobile and internet banking transactions.

BCR is the top bank in Romania, with 3 million retail customers and assets of 14.4 billion euros. Using DIGIPASS for Mobile white-labelled as eToken BCR for app2app communication with the Touch 24 Banking BCR app, customers can log in to their account using a One Time Password (OTP) or with their fingerprint. Additionally, using eToken BCR, customers can scan a QR code displayed on a tablet or PC screen to verify transaction details, and then sign the transaction using their mobile app.

DIGIPASS for Mobile provides BCR’s customers with a direct, simplified and secure experience for their mobile transactions using the bank’s Touch 24 Banking BCR app. When combined with VACMAN^® Controller, an API-based authentication platform that serves as a backend for DIGIPASS authentication and transaction data signing, DIGIPASS for Mobile offers a comprehensive and integrated security framework for protecting online applications and networks.

“BCR strives to be the most innovative bank in Romania,” said Banca Comercială Română Head of Digital Strategy Department, Cristian Mustata. “By partnering with banking industry leader VASCO and integrating its secure authentication and data signing solution into our mobile and e-banking application, we have brought the best in security and user convenience to provide a great experience and help our customers feel confident their transactions are protected.”

“There should no longer have to be a trade-off between customer convenience and transaction security in mobile banking,” said VASCO President and Chief Operating Officer, Scott Clements. “The VASCO mobile banking solutions help ensure a frictionless and secure process that provides a superior customer experience.”

About Banca Comercială Română

Banca Comercială Română (BCR), a member of Erste Group, is the largest financial group in Romania, including operations of universal bank (retail, corporate & investment banking, treasury and capital markets) and specialized companies on the leasing, private pensions and housing banks. BCR is the No. 1 bank in Romania in assets (EUR 14.4 billion), the No. 1 bank by number of clients and No. 1 bank in savings and lending segments. BCR is also the most valuable financial brand in Romania, offering merchants full internet banking, Mobile banking, Phone banking and e-commerce. https://www.bcr.ro/en/persoane-fizice

About VASCO Data Security

VASCO is a global leader in delivering trust and business productivity solutions to the digital market. VASCO develops next generation technologies that enable more than 10,000 customers in 100 countries in financial, enterprise, government, health care and other segments to achieve their digital agenda, deliver an enhanced customer experience and meet regulatory requirements. More than half of the top 100 global banks rely on VASCO® solutions to protect their online, mobile and ATM channels. VASCO’s solutions combine to form a powerful trust platform that empowers businesses by incorporating identity, fraud prevention, electronic signatures, mobile application protection and risk analysis. Learn more about VASCO at VASCO.com and on Twitter and LinkedIn.

Copyright © 2017 VASCO Data Security, Inc., VASCO Data Security International GmbH. All rights reserved. VASCO®, VACMAN® and DIGIPASS® are registered trademarks of VASCO Data Security, Inc. and/or VASCO Data Security International GmbH in the U.S. and other countries.

Media Contact:
VASCO Corporate Communications:
Frauke De Graeve
+32 2 609 97 42
[email protected]