We don't want to change how wills are done, or marriage licenses. States will get to decide a whole bunch of sovereign issues. We want to give the same weight and enforceability to electronic agreements and cut down on identity theft and fraud. I've been practicing law for 20 years and we're not reading anything into this. I don't know how well-founded these concerns are.
Consumers are very savvy.
They will make the decision whether this is easier and safer. Digital Signature, a subsidiary of Utah-based Zions First National Bank, has partnered with ABAecom, an arm of the American Bankers Association, the nation's largest trade organization for financial institutions. ABAecom is educating members and, through Digital Signature Trust, is providing them the technology for digital signatures and secure Internet transactions. Banks and technology companies are two sectors with the most pressing interest in removing the barriers to e-commerce. Companies that develop digital security systems want electronic documents and signatures to become legally binding.