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How to identify online- more or less survey?

02 February 2011  |  4497 views  |  0

My another passion is to understand how to identify and sign documents/ agreements online. To understand the complexity of this issue, I would like you to describe your local law and methods how you are identified when logging in to third party solutions? Second thing, what your local law says about methods which are valid to identify.

So far I know most of the Nordic countries, where law on e-signature and identification says similar things. You can use national e-card with reader, e-banking codes accepted by local authorities or mobile identification using verified SIM card. 

I kind of know that in Belgium, legal identification online is made with national e-card system. I know that some of the countries there are several systems or none. Some countries have no law and credit card identification is considered as strong authentication.

So could you educate all of us and tell how things are in your country? And this time try to bring information when identification is tied to agreements which are legally binding between two parties.

 

TagsRisk & regulation

Comments: (1)

A Finextra member
A Finextra member | 03 February, 2011, 13:36

In the US there are several methods of e-identification usually involving an individual's Social Security Number or a pre-defined code that is used in addition to username and password. 

The password standard enforced usually requires at least 8 characters; using at least 1 capital letter, 1 lower case letter, 1 number and 1 special character -- example: "My$pecial1" 

The IRS requires Username, Password, a pre-defined code which you can reset and a value from a previous form that should be confidential (such as last year's tax return).

The Government College Loan requires Username, password, a pre-defined code, first 4 letters of your last name and last 4 digits of your SSN.

Some financial institutions require a password for logging into the application but a different password to execute any financial transaction.

There is another way to capture electronic signatures that is used as well for legal documents such as an insurance form.  Using a "digi pad" device, the actual signature of the individual is captured.  The software then locking the digitized signature away to prevent copying or alteration.  With the proliferation of so many "touch" devices it becomes even less problematic to capture a signature.

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