ELECTRONIC COMMERCE UPDATE

November/December € 1996

New EC Patents

The EC Company (Palo Alto, Calif.) has applied for two technology patents, one for its two-stage encryption process and one for its method of providing communication security and a means of providing electronic commerce between incompatible data processing systems. A developer of "plug and play" electronic commerce software, The EC Company has developed a data mapping technology that allows customers to seamlessly transmit funds and data from their financial application software package to The EC Company's software, where it is then transported over a secure network to the customer's bank and trading partner.

The first patent, titled "A System and Method for Providing Communication Security," pertains to The EC Company's method for securely transmitting data in a distributed network. The EC Company has developed a two-stage encryption process that provides additional security for data transmissions between businesses.

The second patent, titled "A Method and System for Providing Electronic Commerce Between Incompatible Data Processing Systems," provides for an automated system for the electronic exchange of electronic fund transfers and electronic data interchange-type transactions between various business trading partners. This technology ensures a more secure, robust and compatible business transaction processing system by providing high security to the electronic commerce community.

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