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IRE ANNOUNCES NEW LOW COST PRODUCTS TO SECURE ELECTRONIC FUNDS TRANSFERS

 BALTIMORE, June 28 /PRNewswire/ -- Information Resource Engineering, Inc. (NASDAQ-NMS: IREG) today announced an inexpensive line of products which employ multiple forms of encryption technology to reduce risks in electronic funds transfers (EFT). Prior to the development of these products, EFT security has been expensive and complex due to the unique needs of each bank's electronic services. IRE's new products, the AX500, AX200 AND AX100, allows banks and their clients a choice of encryption, message authentication and user authentication to secure funds transfers at prices heretofore unavailable.
 IRE's Chairman Anthony Caputo noted: "Corporate clients have varying needs for EFT security. Large corporations require multiple security technologies while smaller corporations can guarantee data integrity with less stringent security. Therefore, financial institutions and their corporate customers, both large and small, can choose from a menu of IRE's certifiably secure products that are commercially reasonable and competitively priced."
 AX500 - High Level Security for High Risk Applications
 The AX500 uses Encryption Technology to provide three forms of data security: Data Encryption, Message Authentication and User Authentication. To maintain rigorous security, the AX500 automatically manages different encryption keys for each bank with which the corporate client communicates thus reducing cost by sharing the AX500 with multiple banks.
 AX100 and AX200 - Simplicity and Low Cost
 The AX200 uses Data Encryption to provide medium level security for clients with moderate transaction or dollar volume. Priced at $295, the AX200 is both inexpensive and easy to use, and is ideal for clients who require this level of security.
 The AX100, priced even lower at $250, uses Encryption Technology to identify and authenticate remote users so that only authorized users may access the host computer. The PC user simply inserts an IRE I.D. Card, a credit card containing an embedded encryption chip, into the AX100. Authentication is fully automatic, fast and secure since it is based on encryption technology.
 Company Background
 Information Resource Engineering, Inc., provides technologically advanced, cost-efficient Network Security Systems. IRE products use the Data Encryption Standard (DES), the preferred encryption algorithm for financial institutions internationally. IRE's clients include Citibank, J.P. Morgan, the U.S. Department of the Treasury, the U.S. Internal Revenue Service and AT&T Communications.
 -0- 6/28/93
 /NOTE: I.D. Card is a trademark./
 /PRNewswire -- Roberta Bowersox of Information Resource Engineering, 410-931-7500/
 (IREG)


CO: Information Resource Engineering ST: Maryland IN: CPR SU:

IH-KD -- DC011 -- 6193 06/28/93 11:16 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
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