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Patented Receipt Method Could Secure $2 Trillion Annually in E-Signed Package Delivery TransactionsPALM CITY, Fla., March 27, 2017 /PRNewswire/ -- David Mulcahy was awarded U.S. Patent 7,900,834 for his "Electronic Receipt Delivery Method" designed for the package delivery industry. The method provides every package recipient instant access to an exact copy of their signed electronic delivery record in its complete form. The method addresses the Federal ESIGN Act of 2000 which states:"The legal effect, validity, or enforceability of an electronic record may be denied if such electronic record is not in a form that is capable of being retained and accurately reproduced for later reference by all parties." Mulcahy has worked in the industry for 32 years. He says "A signature holds the recipient accountable for the delivered packages but a receipt holds the delivery company accountable for an accurate recording of the transaction. Both are required for ESIGN compliance." The industry moves goods equal to 10% of GDP in the U.S. (or $2 Trillion) so it's important its signed electronic delivery records are accurate, accessible, and retainable in their complete form for all parties. THE UNIFORM ELECTRONIC TRANSACTIONS ACT (48 States, 1999): If a (delivery company) inhibits the ability of a recipient to store or print an electronic record, the electronic record is not enforceable against the recipient. [email protected] 772-678-0454 facebook.com/us7900834/ twitter.com/us7900834 This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/patented-receipt-method-could-secure-2-trillion-annually-in-e-signed-package-delivery-transactions-300429298.html SOURCE David Mulcahy |