VASCO Data Security International, Inc. (Nasdaq: VDSI)), the global number one vendor of strong user authentication products to the financial sector, today announced that GE Money Bank will use VASCO's Digipass 250 for its "eTAN" e-banking application.
All of GE Money Bank's e-banking customers will receive their personalized Digipass 250, named "eTAN" by GE Money Bank. VASCO's Digipass has been integrated in the e-banking platform of VASCO's German solution partner DataDesign.
By trusting on Digipass strong authentication, GE Money Bank creates an important competitive advantage on financial institutions still trusting on static passwords or PIN-TAN lists. Digipass is more secure, easier to use and more cost efficient than any of the before mentioned systems.
"The security of our e-banking customers is our highest priority," said Mr. Robert Law, CEO of GE Money Bank. "We are convinced that the introduction of Digipass will set a new standard for the German banking market."
"It is our pleasure to welcome GE Money Bank as a customer," said Jan Valcke, VASCO's President and COO. "GE Money Bank's visionary approach towards secure and hassle free e-banking has lead them to VASCO's Digipass. Together, we will make Internet banking in Germany truly secure."