After years of talk, electronic signatures are finally becoming a reality. A new law goes into effect October 1, 2000 which will facilitate the use of electronic signatures to secure electronic transactions. The term “electronic signature” has become the generic name for what is actually a wide variety of means of authenticating the identity of parties to a transaction. One strength of the new law is that it is broad enough to embrace the plethora of electronic signature verification mechanisms, rather than promoting the use of just one.
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