E-Documents And Document Security
This Posting is very different from the usual about Biometrics. With the explosion of E-Commerce back in the late 90’s into 2000, and in the face of Global Recession today, we as a society, want everything to be fast, easy, and efficient, especially when it comes to Business Transactions.
With this digital age, we often get tired of signing our names, and having to manually file paperwork. I mean if we can send E-Mail, why can’t we have Digital Documents, right??? Thus, the birth of a great new Market Application is occurring: The Paperless Society, or what is known as "Digital Documents" or "E-Documents".
As a result, a Biometrics/Security Vendor known as "Todos Data Systems" is capitalizing on this Market Trend, and has come out with a new Security Product called "XML Sign What You See", or "XML-SWYS" for short. This new type of Security Technology allows the End User to conduct any transaction paperlessly. For example, " . . . it replicates the experience of signing a paper document. Users can see key details on the Todos C417's large LCD screen before they sign. For example, they might see the interest rate and principal before signing a loan application. This reassures the user . . . [and] . . . the device can be used be used to log into bank accounts, pay for online shopping and generate one-time passwords . . . [and] . . . The system protects the user against online fraud because the device is separate from the PC and the signature requires a smart card and a pin number for extra security . . ." (SOURCE: http://www.findbiometrics.com/press-release/5991). Other advanced Security Features include Dynamic Signatures and Secure Domain Separation.
Final Thoughts On Today’s Posting
At the present time, this Security Product is seeing a great attention, as it is being implemented by a major Financial Institution in Scandinavia. This same type of Security Technology is also made available to 1,000,000+ e-Banking Customers.
The entire concept of Digital Documents, Digital Signatures, and the Paperless World has great Market Potential, not just from the standpoint from the End User in terms of convenience, but also from a standpoint of Security, as Digital Documents and Digital Signatures have to adhere to the highest level of Security.
Watch for a whole new theme on this Blog Site with respect to Digital Documents and Digital Signatures. In fact, the topic of the first Posting this series will deal with the Security Risks of using the old fashioned methods of signing and filing away Hardcopy Paperwork.
Source for this Posting: http://www.findbiometrics.com/press-release/5991
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