Legal Boost for Mobile E-Commerce: Security Strategies Accelerated by E-Sign Law
- Topics:
- e-Business and e-Commerce
- Tags:
- Authentication/Encryption,
- Telephony Online,
- Telephony,
- Security Strategy,
- Security,
- PKI,
- Mobile,
- Internet,
- E-business/E-Commerce,
- E-business,
- ...
- Source:
- Telephony Online
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Overview: Wireless e-commerce, hobbled by security concerns, has not had much momentum in the U.S. 724 Solutions and Certicom want to change that. Inspired by the June passage of the Electronic Signatures in Global and National Commerce Act by the House of Representatives, the companies have collaborated to push a public key infrastructure solution to financial institutions. Though the E-Sign Act protects all e-commerce transactions, one side benefit could be to help mobile e-commerce gain further acceptance. The E-Sign Act, which goes into effect in October, states that electronic financial transactions between a consumer and a merchant - typically a content provider - will be legally bound with digital signatures. Digital signatures authenticate users that enter into contractual agreements via electronic means, through wired devices or Internet-enabled wireless devices.
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Format: HTML | Date: Aug 2000 | Pages: 1
