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VASCO Redefines e-Signatures with Instant Interoperability with all EU Trust Service Providers

OAKBROOK TERRACE, Ill. and BRUSSELS, Belgium, July 12, 2016 (GLOBE NEWSWIRE) -- VASCO Data Security International, Inc. (NASDAQ:VDSI), a global leader in authentication, electronic signatures, and identity management announced today that its eIDAS-compliant electronic signature solution, eSignLive™, provides European organizations the choice of any Trust Service Provider (TSP). eSignLive delivers both Advanced and Qualified E-Signatures with multi-factor authentication capabilities on a single platform ensuring that organizations can achieve rapid implementation.

The new eIDAS regulation that standardizes the way e-signatures work became effective across the European Union on July 1 as part of the EU Digital Single Market Strategy. However, not all e-signature platforms are open and some do not offer immediate interoperability with qualified certificates issued by any TSP. Without immediate interoperability, organizations may be dependent on the vendor to develop an integration with the TSP or they may not be able to use the TSP of their choosing.

“eSignLive is the only leading solution designed to use the full spectrum of digital signature and authentication technologies necessary for the European market,” said eSignLive President, Tommy Petrogiannis. “Our open platform ensures immediate interoperability with X.509 certificates issued by any TSP – a must-have requirement for European organizations that want to implement e-signatures today.”

eSignLive provides organizations multiple options for implementation with public cloud instances on IBM SoftLayer in the United Kingdom and Germany, as well as private cloud and on-premises options to satisfy local data residency requirements. With eight offices and over 300 employees in Europe, VASCO has the infrastructure necessary to deliver and support trusted security solutions with identification, authentication and e-signing as part of its suite to ensure a secure experience across all digital and mobile channels.

“Security and trust are at the heart of VASCO’s business and European organizations have already embraced our strong authentication solutions to secure access and verify all types of transactions,” stated Jan Valcke, President and COO of VASCO Data Security. “eSignLive expands on this foundation by allowing organizations to securely sign contracts, agreements and on-boarding documents, while staying compliant with the new regulation.”

To understand how VASCO’s eSignLive complies with the eIDAS regulation, review the requirements checklist for EU organizations from Lorna Brazell of international law firm Osborne Clarke at: www.esignlive.com/resource-center/eidas-e-signature-legal-perspective.

About VASCO
VASCO is a world leader in providing two-factor authentication and digital signature solutions to financial institutions. More than half of the top 100 global banks rely on VASCO solutions to enhance security, protect mobile applications and meet regulatory requirements. VASCO also secures access to data and applications in enterprise environments, and provides tools for application developers to easily integrate security functions into their web-based and mobile applications. VASCO enables more than 10,000 customers in 100 countries to secure access, manage identities, verify transactions, electronically sign documents and protect assets across financial, enterprise, E-commerce, government and healthcare markets. Learn more about VASCO at VASCO.com and on Twitter, LinkedIn and Facebook.

Copyright © 2016 VASCO Data Security, Inc., VASCO Data Security International GmbH. All rights reserved. VASCO® and eSignLive™ are registered or unregistered trademarks of VASCO Data Security, Inc. and/or VASCO Data Security International GmbH, or Silanis Technology Inc. in the U.S. and other countries.

eSignLive Media contact: Sarah Hanel +1-250-216-1762 sarah.hanel@esignlive.com

Source:VASCO Data Security International, Inc.