Patented Receipt Method Could Secure $2 Trillion Annually in E-Signed Package Delivery Transactions

PALM 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."

At delivery, a slip with a unique transaction number is scanned and linked to the delivery record and left with the customer. The customer can then use a computer or smart phone to scan the barcoded slip and immediately access and store their signed electronic delivery record to confirm its accuracy and secure it against later altering. A single transaction number can access and store signed electronic delivery records of one package or hundreds of packages. Errors can be discovered and addressed immediately.

The new method is an improvement over the current industry standard - package tracking. Package tracking (also labeled proof or confirmation of delivery) gives an illusion of transparency but is not an exact copy of a delivery record that meets the requirements of ESIGN. Package tracking can only provide information on individual packages if their tracking numbers are known. Tracking known packages will not reveal unknown packages in the record which can make errors impossible to detect. Further, information relayed from an invalid delivery record can not prove or confirm a signature or a delivery. Only an exact copy of the record can confirm what's in it. Only an exact copy can secure the record from being altered at a later time. Only an exact copy meets the requirements of ESIGN for fully transparent and legally enforceable signed electronic delivery records. Mulcahy's patented receipt provides an exact copy to every recipient.

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.

SOURCE David Mulcahy