Information Resource Engineering Inc. Announces First Union Corporation as the Seventh Top Ten U.S. Bank to Adopt Network Encryption Systems

First Union Corporation, the nation's ninth-largest bank, has purchased Information Resource Engineering Inc.'s (IREG) network encryption systems to protect Automated Clearing House (ACH) and Electronic Data Interchange (EDI) transactions. The purchase meets the bank's requirement to comply with Article 4A of the Uniform Commercial Code (UCC) and further reinforces the adoption of IREG's products by top-tier banks in the United States. With this move, First Union joins a growing list of prestigious institutions, including J.P. Morgan & Company, Chase Manhattan, and Banc One, that have selected IREG's Secure Communications Systems to secure their data transmissions.

Key Takeaways:

• First Union Corporation, the nation's ninth-largest bank, has acquired IREG's network encryption systems to safeguard ACH and EDI transactions, adhering to the Uniform Commercial Code (UCC) Article 4A.
• This transaction represents the seventh instance of a top ten U.S. bank choosing IRE products for fund transfer protection.
• IREG's Secure Communications Systems have been adopted by numerous high-profile institutions, including J.P. Morgan & Company, Chase Manhattan, Banc One, the United States Treasury Department, and international organizations like Euroclear Operations Centre in Brussels and the Central Bank of Sweden.
• IRE products are ideal for organizations seeking to comply with banking and government standards, offering strong security at a low cost.
• First Union's decision to employ IREG's products indicates a growing trend of major banks turning to network encryption systems for secure data transmission.

Statistics:

• First Union Corporation is the nation's ninth-largest bank, with offices throughout the Southeast.
• IREG's Secure Communications Systems have secured data transmissions for numerous prominent organizations, including major international institutions and the United States Treasury Department.
• 7 United States banks in the top ten have chosen IRE products to protect funds transfers.
• IREG has installed its Secure Communications Systems at various international organizations, including Euroclear Operations Centre in Brussels and the Central Bank of Sweden.

Sources:

• IREG FTU CO: Information Resource Engineering; First Union ST: Maryland IN: CPR FIN SU: JA-KD -- DC015 -- 9417 11/08/95 10:16 EST
• NASDAQ-NNM: IREG
• Information Resource Engineering, Inc. designs, manufactures, and markets Secure Communications Systems that employ Encryption Technology to secure data transmissions.