The payments industry has already given handwritten signatures the thumbs down for being too insecure, but in offices around Australia documents are still going in and out of scanners as enterprises hold onto ink-based authentication.
This week Telstra announced it had sunk an undisclosed sum into digital signatures company DocuSign, with plans to offer the encrypted signatures solution to its business customers.
The US company’s CEO, Keith Krach, is on a campaign to drive the adoption of digital signatures in companies where the dotted line represents the last bastion of paper in otherwise electronic workplaces.
“Companies have automated processes leading up to and following the actual signature, but many still needlessly rely on pen and paper to transact business. It shouldn’t be this way and it doesn’t have to be this way for Australian businesses,” he said.
DocuSign is one of many enterprise digital signature solutions on the market, alongside EchoSign by Adobe, CoSign and E-Lock.
But do digital signatures carry the equal legal weight of pen on paper? Former professor of law and IT at the University of Sydney, and now full-time author on legal matters in the banking sector, Alan Tyree, says Australia’s Electronic Transactions Act 2000 recognises the vast majority of electronic signatures.
Read the full story published by itnews at: http://www.itnews.com.au/Feature/396166,inside-the-legalities-of-digital-signatures.aspx#ixzz3El7gdlpm