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ARTICLE · 08 OCTOBER 1997

BROKAT Announces U.S. Government Approval For Re-Export Of 128 Bit Java Encrypti

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United StatesMedia, Telecoms, IT, Entertainment
BROKAT Informationssysteme GmbH, a German software company, has received approval from the Commerce Department for the use and export by U.S. banks of their 128-bit X-PRESSO Security Package. This product uses Java applets sent by the bank's server to the customer's web browser to create a secure link between the bank and the customer using 128-bit encryption. The Commerce Department approval does two things. It allows for the transmission of the applets from servers located inside the U.S. to customers located outside the U.S. It also permits U.S. banks to export the servers to their foreign branches and subsidiaries. Attached below is BROKAT's press release.

The BROKAT Informationssysteme GmbH, based Germany, announced today it has obtained U.S. Government approval for U.S. Banks to freely use its strong 128-bit Java encryption software, the X-PRESSO Security Package to secure online financial transactions worldwide.

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