VASCO Data Security International, Inc, a leading software security company specializing in authentication products and services, today announced that IST Shareholder Services , a full service stock transfer agent, will implement VASCO s MYDIGIPASS.COM service to secure customer access to stock records.
IST offers a wide range of critical services including shareholder account management, dividend disbursement, board elections, small share buy backs, stock purchase and dividend reinvestment plans. The company has about 80,000 customer accounts and has both public and privately held companies as its customers. In order to secure access to customers accounts, IST decided to replace its static password systems with MYDIGIPASS.COM s strong authentication.
MYDIGIPASS.COM is VASCO s hosted consumer authentication platform in the cloud. The platform combines high-level security with ultimate user convenience. IST is now able to integrate strong authentication using one-time passwords to secure access to its services and content. IST s clients can register themselves on www.mydigipass.com and download the free DIGIPASS for Mobile application. With the DIGIPASS for Mobile app users can simply scan the QR code or generate a dynamic one-time password on their PC, cell phone, tablet or mobile device to securely log on to the shareholder service.
Security is of the utmost importance in the stock transfer business, says Bob Pearson, President and CEO of IST. Committed to offering a first-class quality service we desired a robust, high-level and proven security solution that could replace our outdated password system. VASCO s expertise in the financial business quickly won us over. MYDIGIPASS.COM s strong authentication provides our customers with a secure and convenient online environment and eliminates the burdens of password management. Offering strong authentication to secure online access to stock records is unique in our business segment and will also be favorably perceived by the Security and Exchange Commission (SEC). MYDIGIPASS.com not only alleviates password issues, but also gives us a competitive advantage.
We are very pleased to welcome IST in our MYDIGIPASS.COM community, says T. Kendall Hunt, Founder, Chairman and CEO of VASCO Data Security. MYDIGIPASS.COM provides an answer to the company s current vulnerabilities of its password system: the weakness of the combination login and static password. The added convenience, simplicity and assurance that accounts can only be access by authorized persons is a real advantage for organizations who deal with such sensitive and business-critical information.