Digital signatures may have hit the headlines for securing ecommerce transactions, but in more traditional security fields, they are already passé. Here, the signature does not refer to the electronic equivalent of a hand-written signature, but to...
It states: "In any commercial transaction affecting interstate commerce, a contract shall not be denied legal effect or enforceability solely because an electronic signature or record was used in its formation.
However, the MEFI will not issue the electronic signature certificates required for secure transactions. The Deloitte and Touche spokesman said: "In order to ensure that people are recognised and the electronic signature is authenticated...
Contracts sent on email with an electronic signature are legally binding in Europe as of today. Security concerns have been raised but he claims it is more difficult to forge an electronic signature than a hand written one.
Secure Electronic Transaction, system used to keep financial transactions over the internet protected and confidential by providing digital certificates and digital signatures used by clients, suppliers and clients' banks.
Electronic signatures will play a role in the e-government scheme as well. Siemens will provide hardware and software for the technology, while a law allowing the use of e-signatures is progressing through in the Turkish Parliament.
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