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Use of e contracts and e signature in business
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Business Writing on Electronic Signature Technology
During our February 3 meeting, upper level management expressed concerns about not being able to deal with customer accounts online. We discussed some of the problems they encounter when trying to process transactions online. We agreed some changes needed to be made and that new technology needs to be researched for our online business transactions. The use of electronic signatures was at the top of our list.
Many of our competitors have already built-in e-signature verification within their systems for online business and for handling their financial records. Using this innovative, high-ranking technology can significantly cut down on the time it takes to process online business. Consequently, it is urgent that we take rapid action toward the procedures required for incorporating the use of Electronic Signatures.
Proposal Solution
An electronic signature program can provide this company with an advanced solution for handling transactions online, as well as for lessening the cost of processing files through mail or long distance traveling. "The use of an e-signature is creating greater consumer confidence in online business transactions…" (Hammar, Sven), over the Internet. One of the most important elements to increasing online business, in conjunction with increasing sales, is to find which type of e-signature program to put into action.
In order to make best use of electronic commerce opportunities, a secure environment with respect to electronic signatures is needed. Several different methods exist to sign documents electronically varying from very simple methods (e.g. inserting a scanned image of a hand-written signature in a word processing doc...
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... "PKI enables digital signatures." Network World Oct 30, 2000
Udell, Jon. "Digital Signature Laws." Byte 22 Dec 2000. 5 March 2001 http://www.Byte.com
Works Consorted
Arar, Yardena. Now you can sign on the digital line. PC World 18 vols. San Francisco: Dec 2000
Canter, Sheryl. "Electronic Signatures: Solutions tools & Tips for the Internet Age." PC Magazine 2 Jan. 2001: 102-105
Marquess, Kate. " Sign on the Dot-Corn Line." ABA Journal Oct 2000
Misra, Sunil. "Federal law allows electronic signatures." The American City & County Dec 2000
Singh, Simon. The Code Book: The Evolution of Secrecy from Mary Queen of Scots to Quantum Cryptography. New York: Doubleday, 1999
"Bill Pertaining to Digital Signatures and Authentication in the lO6~ Congress." Tech Law Journal http://techlawjournal.com/cong106/digsig/Default.ttm ( 5 Apr. 2001).
The character gets agitated with all the advertising surrounding him. The terms and conditions are long and tedious; therefore the character does not bother reading them and just signs. As it is the digital world, this would pertain to a website or another digital platform. Therefore, the signature is easily duplicated and used across the entire continent of the US (symbolising people’s use of websites). All the people that the character has been in contact with (digitally) are analysed to a point where the FBI are suspicious of the character’s habits.
Which was soon conceived through a RSA algorithm developed Ronald Rivest, Adi Shamir, and Len Adleman creating a proof of concept. Leading quickly to many future iterations, continuously increasing in complexity and security
s and to give the organisation a sounder footing should the market become more competitive in the near future. Possible drawbacks with such an online service would be security threats to accounts held by online customers. Also the broader issue of an anti-competitive industry may withhold such an expansion by one of the market leaders. 5. Bibliography 1.
7. Herman T. Tavani, James H. Moor "Privacy Protection, Control of Information, and Privacy-Enhancing Technologies", Computers and Society, March 2001
PKC is the enabling technology for all Internet security and the increasing use of digital signatures, which are replacing traditional signatures in many contexts. However, RSA is better than PKC because RSA doesn’t need digital signature. As a result, the RSA algorithm turned out to be a perfect fit for the implementation of a practical public security system. In 1977, Martin Gardner first introduced the RSA system. After 5 years, company RSA used secure electronic security products. Nowadays many credit companies of all over the world use the RSA system or a similar system based on the RSA system.
LeRoux, Yves. "Privacy concerns in the digital world." 03 Oct 2013. Computer Weekly. 24 April 2014 .
About 98.3% of all persons had used e-business services such as Octopus Card and Automatic Teller Machine (Census and Statistics Department, 2009). One of the pitfalls for the development of e-business, however, is the concerns on consumer privacy. According to Green’s (1999) survey, 54% of respondents had decided not to purchase a product because of a concern overuse of personal information collected in the e-business transaction. This essay examines the circumstances on protection of consumer privacy in e-business. As e-business is surging by an astronomical number and consumer information is a kind of property, the protection of consumer privacy in e-business becomes significant.
One of the largest parts of commerce is transaction. Transactions are needed anytime two parties exchange money or information. Since the Information Age has begun, transactions are more common over the Internet, where it is more imperative that transactions are secure (Klein x). Corporations have also become more widespread, which means that cryptography is needed to secu...
Digital wallets are quickly becoming mainstream mode of online payment. Shoppers are adopting digital wallets at an incredibly rapid pace, largely due to convenience and ease of use. Tech -savvy shoppers are increasingly demanding seamless, Omni-channel retail experiences and looking for solutions that deliver this. There’s no question 2017 will be a pivotal year as digital wallets gain more widespread acceptance.
For thousands of years cryptography and encryption have been used to secure communication. Military communication has been the leader of the use of cryptography and the advancements. From the start of the internet there has been a greater need for the use of cryptography. The computer had been invented in the late 1960s but there was not a widespread market for the use of computers really until the late 1980s, where the World Wide Web was invented in 1989. This new method of communication has called for a large need for information security. The internet allows people to communicate sensitive information, and if received into the wrong hands can cause many problems for that person.
Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping even around our daily lives. E-commerce a system by which people can buy, sell and deal without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst; it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi...
From PayPal to Debit cards, from EFT to Credit cards, this modern world has been inundated with new ways of making business transactions. Instead of the conventional use of dollars and nickels, now there are electronic payment systems. These types of systems allow for better trust and acceptance between consumer and businesses. In the traditional way of buying a product, one would see a product in person, and pay for it with cash or credit. In e-commerce, the business uploads images of its products online and it enables its customers to shop it using any type of electronic payment system.
The high take-up of the Internet leads to variety of opportunities in front of companies. People are more online than ever. They spend many hours each day on Social Networks such as Facebook and Google+. It is no wonder that buying and selling can now be done in a more convenient way. Although traditional shopping is still thriving, online shopping can be an alternative for people wanting to save time and money. If a certain customer plan to go shopping, it could be stressful and also be time consuming. E-business has made shopping or any kind of transactions online much easier and convenient. It introduces new facilities, opportunities and way of shopping for both vendors and customers.
As one of the feature of biometric, signature verification is used to find the authenticity of a person to give the access the most valued and important documents and shelf. Firstly the signature of a person are taken as a reference in database. To generate the database, number of attempts from the same person has been taken, as it would permit minute deviations in signatures that generates due to environmental conditions. Once it is done, then the signatures at other times are every time then verified with the existing database. Because of confidentially of the file/document/transaction giving access is the crucial process that should be monitored with perfection. The same happens with offline signature verification. Computerized process and verification algorithm (thus software) takes fully care of signature under test, generate results that are 100% authentic, and advocates credibility of the concerned person .However, there might raise issue of authenticity even if the same person performs the signature. Or, at times a forge person may duplicate the exact signature. Many research have been done to find the accuracy of result so as to prevent from forgery. Forgery is also divided into different categories depending upon their severity as
With the implementation of digital locker system, it helps to reduce paper work by minimizing the usage of physical documents and also possible of e-sharing documents through registered repositories. It makes possible for people to submit their documents and certificates online anywhere which reduces physical work.