ADVISORY/E-SIGN Consent Procedure Must be Clarified to Avoid Consumer Fraud; Silanis VP Participates in FTC review of E-SIGN's Consumer Consent Provision.Business Editors, Hi-Tech hi-tech adj. Variant of high-tech. hi-tech Adjective using sophisticated, esp. electronic, technology Adj. 1. Writers ADVISORY...Tues. (April 3) MONTREAL--(BUSINESS WIRE)--April 2, 2001 Just like in the paper world, consumers need to receive information that will assist them in understanding the nature of the online transaction they are about to electronically consent to. Michael Laurie, Vice-President and Co-founder of Silanis Technology, will address the implications of this statement as well as other issues surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. the process of electronically capturing consumer consent during the FTC FTC See Federal Trade Commission (FTC). E-SIGN Public Workshop on April 3, 2001 in Washington, DC. "The E-SIGN consumer consent provision must be clarified to account for the fact that the process of electronically capturing consent must occur via a series of very explicit steps that can be authenticated au·then·ti·cate tr.v. au·then·ti·cat·ed, au·then·ti·cat·ing, au·then·ti·cates To establish the authenticity of; prove genuine: a specialist who authenticated the antique samovar. through electronic security technology," Laurie says. "A process that is secured in this manner cannot be easily repudiated and will be less likely to increase incidences of fraud against consumers." During the workshop, Laurie will also demonstrate how Silanis' ApproveIt(TM) products were the first to meet a number of electronic signature legislation and regulations including E-SIGN and UETA UETA Uniform Electronic Transactions Act (Uniform Electronic Transactions Act The Uniform Electronic Transactions Act (UETA) is one of the several United States Uniform Acts proposed by the National Conference of Commissioners on Uniform State Laws (NCCUSL). Since then 46 States, the District of Columbia, and the U.S. ). As a leading developer of electronic signature and approval management software, Silanis counts the Joint Chiefs of Staff, US Army Medical Command, GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Commercial Mortgage, and National City Bank among its 800 clients. WHAT, WHEN, WHERE: FTC E-SIGN PUBLIC WORKSHOP April 3, 2001 "Technology Issues": 10:45 - 11:45 a.m. "Benefits and Burdens": 1:00 - 3:00 p.m. http://www.ftc.gov/bcp/workshops/esign/index.htm WHO: Michael Laurie, VP of Strategic Alliances and Co-founder of Silanis Technology Since 1992, Michael Laurie has identified industry market trends and assisted in the direction of products and market strategy. Today, he is responsible for establishing industry alliances and partnerships that leverage Silanis' resources and maximize market presence and value. |
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