AIX-EN-PROVENCE, France, November 16 /PRNewswire/ -- VASCO, a world leader in strong authentication solutions has joined with Monext, a pure player in electronic payments, to offer their clients an effective, cutting-edge solution for authentication problems faced by financial institutions, businesses and public services.
The OSS Solution (Optimized Security Solution) offered by Monext, is based on VASCO's IDENTIKEY(R)core technology which enables each client to customise their own systems. Thus, OSS facilitates the management of all currently-available authentication methods including matrix cards, PKI certificates, mobile authentication, as well as the various password generators (mobile telephone SMS, EMV card readers and DIGIPASS(R) authenticators). This recent solution is a major asset for OSS.
The ability of this solution to manage a diversity of authentication channels (voice, SVI, internet) is another benefit which accommodates all requirements and provides 24/7 assistance to all users.
The solution developed by Monext, in association with VASCO, provides a completely-integrated package: supply of media, authentication server operation in a highly-secure environment supported by a Monext call centre.
For banking and financial institutions, OSS reinforces the 3D-Secure payment security system by efficiently responding to the authentication requirements specified by the Banque de France. The first pilot program will be conducted in early 2010 and commercial deployment will follow in the middle of next year.
Philippe David, Manager of the Monext Banking and Payment Solutions Division stated: Monext is an expert in secure payment transactions and is delighted to sign this strategic partnership deal with the uncontested authentication leader in order to provide its clients with an integrated, strong, multi-channel authentication solution.
VASCO is delighted to sign a partnership deal with Monext, one of the key players in the French electronic banking service sector. We are confident that this partnership will lead to many profitable projects in the future and will encourage the adoption of strong, two-factor authentication by the French market, stated Jan Valcke, President and CEO of Vasco Data Security.
VASCO is a major supplier of strong authentication and electronic signature solutions and services and specialises in the security of online applications and transactions. VASCO has positioned itself as a global supplier of internet transaction and application security software solutions with a customer base of more than 9,000 client companies distributed in more than 100 different countries including 1,350 international financial institutions. The key markets for VASCO are the financial sector, business security, e-commerce and e-government.
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All declarations containing terms such as think, anticipate, plan, hope, want, desire and all other, similar terms, are anticipative and such declarations involve risks and uncertainties. They are based on current expectations and, consequently, actual results may diverge from the expectations stated in these anticipative declarations.
Refer to the public registration on the US Securities and Exchange Commission for more information regarding the company and its operations.
This document may contain brand-names registered by VASCO Data Security International, Inc. and/or its subsidiaries such as: VASCO, the VASCO V sign, DIGIPASS, VACMAN, aXsGUARD and/or IDENTIKEY.
With close to 5 million bank cards, 3 million transport cards and 3 million private cards (petrol, distribution) used on a daily basis by its 400 partners representing more than 550 million recorded transactions, MONEXT is a key player in the French electronic payment sector. Its goal is to facilitate electronic payment transactions, with or without cards, at the point of sale, over the internet or by mobile phone, in a secure, reliable and instantaneous manner.
MONEXT is a developer of innovative solutions for its banking, distribution and business clients. It is seeking to triple its sales turnover over the next 3 years via internal and external growth. It is also seeking to establish itself as one of the European leaders in this very high-growth sector. For more information: http://www.monext.fr
CONTACT: VASCO Press Contact: Jochem Binst, +32-2-609-97-40,email@example.com;Monext Press Contact: Solange Stricker | Finincom, Christina Bel,+33(0)1-40-71-32-74, firstname.lastname@example.org; Romain Sulpice, +33(0)1-40-71-32-75,email@example.com.