RC2 (also known as ARC2) is a symmetric-key block cipher designed by Ron Rivest in 1987. 'RC' stands for 'Rivest Cipher'.
Key: RC2 uses a variable size key.
IV: To run the cipher in CBC mode, the Initialization Vector should be 8 bytes long. If the IV is left blank, the cipher will run in ECB mode.
Padding: In both CBC and ECB mode, PKCS#7 padding will be used.