USPS' e-postmark misses revenue goals
- By Florence Olsen
- Oct 14, 2005
AuthentiDate has received a third notice from the U.S. Postal Service for failing to meet performance metrics in the company’s strategic alliance agreement with USPS. Despite the shortfall in meeting revenue goals, however, USPS said this week it will not cancel the agreement.
AuthentiDate provides the USPS’ Electronic Postmark (EPM) service. "We are gratified that the Postal Service has elected not to terminate the strategic alliance agreement at this time, and instead has chosen to continue discussions with the company,” said Suren Pai, AuthentiDate's president and chief executive officer, in a statement released this week.
The company is renegotiating its agreement with USPS.
Pai said he remains convinced that “with persistent innovation around services and applications incorporating the USPS EPM, we could generate significant market momentum for this electronic service."
The services makes use of auditable time stamps, digital signatures and hash codes to certify that a digital document is authentic and has not been tampered with or altered.