GE Info Services Launches New Transaction Technology Rockville, Md., 6 February 1996 -- General Electric's GE Information Services division said it is launching a new set of hardware and software products that will protect business transactions over the Internet. One of the features of the new system, called "GE InterBusiness," involves using one-time use encryption codes for each online session. The new offering combines the one-time, or dynamic, encrypted session key, mutual authentication, and advanced firewall technology, officials said. By using standard Internet protocols, a user can conduct electronic data interchange, electronic messaging, and electronic file transfers via a secure "pipeline." Those three elements are key in both electronic commerce and GE Information Services' Business Productivity solutions. Anne Biehl, manager of market development for GE Information Services, said one of the key differentiators between her company's secure business transaction technology and offerings from other companies lies with the dynamic encrypted session key. "This is the first system on the market today, that we know of, that's using (this technology)," she said. "It's a pretty powerful 'ring of security' for our users. It's a nice feature we've integrated into our total solution." With the dynamic session key, the session is encrypted to secure all information passed from sender to receiver. The key itself is never seen on the Internet, and hackers can't break the encryption, officials stressed. The new system uses the standard networking and connectivity of the Internet to interface with systems used by GE's 40,000-plus customer companies, officials said. GE InterBusiness runs on all browsers, resides on any Internet-compatible desktop, and interacts with standard Internet applications. GE InterBusiness is available now, Biehl said. Pricing varies depending on the client's requirements, she said. Biehl said today's announcement has nothing to do with the completed sale of the group's GEnie online service to Queens, New York-based Yovelle Renaissance Corporation, reported last month. For additional information, those with Internet World Wide Web access can surf to GE Information Services' Web site at http://www.geis.com/. --