You can do it into 7z or zip files with 7-zip's 7z.exe
You'd make a bat or cmd script in that directory with Code:
whole load of stuff here
"c:\program files\7-zip\7z.exe" a -ai [something] -t 7zORzip
wholeloadofstuffhere2
In whole load of stuff here, you'd want to somehow make a variable that points to the first file, the first time the batch script is initiated. In [something] you'd type the variable you set in the 1st whole load of stuff. In wholeloadofstuffhere2 you'd want to make it so it loops back to the beginning, and the variable calculation is done again, pointing to the next file in the folder.
Haven't touched batch files in yonks, don't remember how to do the whole load of stuffs :\