All-optical encryption for optical code-division multiple-access systems with interleaved waveband-switching modulation is experimentally demonstrated. The scheme explores dual-pump four-wave mixing in a 35 cm highly nonlinear bismuth oxide fiber to achieve XOR operation of the plaintext and the encryption key. Bit 0 and bit 1 of the encrypted data are represented by two different wavebands. Unlike on-off keying encryption methods, the encrypted data in this approach has the same intensity for both bit 0 and bit 1. Thus no plaintext or ciphertext signatures are observed.