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It should also be illegalfor customers to provide inaccurate information to a verifier. However, the international telecommunications union (itu) and the international standards organization (iso) are providing an enhanced x. The pay cash design has evolved accordingly. Tax collectiona total of 46 states tax e-commerce, but taxes are collected on only 1 percent of ecommercesales.

• Flexible anonymity policies: In countries where privacy is greatly valued, such as russia, pay cash users demand the ability to send and receive money without revealing personal information to anyone, including the operator of the payment system.

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Auditors can determine his identity if necessary, but software vendors know only his account number. Such transactions require two critical features that are often in conflict: Auditability and privacy [17]. Other examples include control of accessto secure computing facilities and to world wide web pages.



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54 The naming issue is not trivial. There should be a reasonable probability that any attempt to record incorrect, incomplete, or extra information will be detected. Forexample, consumers will want to be confident about the identity of companies they aredealing with electronically before pursuing transactions with them. Moreover, while liability issues and legislation in respect of certificate authorities hasreceived much attention, the equivalent issues in respect of the risks and vulnerabilities ofthe related signature mechanisms have received little if any coverage.

It allows pornography vendors to assume that customers are adults if they have creditcards. Congress tookthe first small step in 1998 by directing the federal government to develop a strategy foraccepting electronic signatures. A party submitting a record must also provide verifiable proof ofidentity, probably using a verifier account number and an electronic signature, or biometric data. X invents and records a transaction that didn't occur.

The insurer guarantees thateven if a notary or verifier business fails, the information it holds will be maintained for acertain number of years. Even that information should beunavailable to everyone outside the transaction, except for authorized auditors.

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