A new law gives legal competence of electronic signatures
A federal law aimed at streamlining the e-commerce by the legalization of “electronic signatures” takes effect today, but it is already criticized by consumer demand favourable to fear it could promote identity theft and other methods of fraud.Supporters say the law is cut red tape economies trees, and make it easier to obtain loans or buy insurance, cars and property online - all without the need for signatures inked in dotted lines.
“We have done something like what is really a precondition for the further growth of electronic commerce,” said Marc Brailov, spokesman for the American Electronics Association, whose 3500 members represent a broad range of high - tech industries.
Companies such as VeriSign Inc., Baltimore Technologies PLC, Unisys Corp., Inc. and iLumin feed are for the technology to verify online transactions, with particular interest on Big Ticket tenders for public procurement, actions and Treaties companies.
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