Using encryption technology, Information Resource Engineering Inc. has introduced a line of lowcost products aimed to reduce risks in electronic funds transfers.

Because electronic services vary from bank to bank, security for such transfers is often complex. These new products allow banks and their clients a range of choices - encryption, message authentication, and user authentication - depending on the level of security needed.

For those requiring rigorous security, the AX500 - priced at $995 - uses all three forms. The system automatically manages different encryption keys for each bank and corporate client.

The AX200 ($295) uses data encryption to provide medium-level security for clients with moderate transaction or dollar volumes.

The AX100 ($225) uses encryption technology to identify and authenticate those seeking access to the host computer from remote sites so that only authorized users are accepted.

Information Resource Engineering is based in Baltimore. Its clients include Citibank, J.P. Morgan, and the U.S. Internal Revenue Service.

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