Efficient esignature XML software
solutions defines an e-signature as any electronic
sound, symbol or process attached to or logically associated with a
contract or other record and executed or adopted by a person with the
intent to sign the record. The statute does not, however, require any
business or individual to use
e-signatures or even to accept them from
others. Business interests actually wanted broader language than the law
contains, the right to provide loan terms electronically if people
preferred that, for instance, and the right to pre-empt state laws
requiring companies to keep original paper records of transactions. But
E-SIGN proponents ultimately accepted narrower language because of
lawmakers' concerns about the Efficient esignature XML software
solutions potential for consumer fraud.
Efficient esignature XML
software solutions enthused about the new law
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Three Efficient esignature XML software
solutions
industries - banking, insurance and securities, are particularly
enthused about the new law. Bankers want their business clients and
consumers to be able to open accounts, secure loans, transfer money and
complete other transactions online. Insurance agents want to sell their
policies, including those to businesses, over the Internet. And U.S.
securities firms believe the law will help them stay competitive
in the 24-7 global market - Efficient esignature XML software
solutions.
The e-signature phenomenon seems likely to
take root quickly within companies that do business with the government,
in part because of government mandates to reduce paperwork. Quebec-based
Technology's experience suggests that the e-signature future is bright.
Late last year, reported that the adoption rate for on-Sign, its free
consumer e-signing
software, skyrocketed from 20,000 home, small-business and
home-office users to 100,000 users in only four months. The Efficient
esignature XML software solutions company attributed the growth to E-SIGN.
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