electronic signature

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electronic signature

The electronic equivalent of a handwritten signature. There is more to it than pasting a graphic of a signature into a text document. Electronic signature software binds a signature, or other mark, to a specific document. Just as experts can detect a paper contract that was altered after it was signed, electronic signature software can detect the alteration of an electronically signed file any time in the future. CIC (www.cic.com) and Silanis Technology (www.silanis.com) are pioneers of electronic signature technology, which has proven especially relevant in the financial, insurance and real estate industries.

More than a Digital Signature
An electronic signature is often confused with a "digital signature," because it uses digital signature technology for detection alteration. An electronic signature also requires user authentication such as a digital certificate, smart card or biometric method.

In June 2000, the U.S. government passed the E-sign bill, which gives electronic signatures the same legality as handwritten ones. See ESIGN Act, digital signature, digital certificate and biometrics.
References in periodicals archive ?
eMudhra's eSign service has been widely adopted by several large organisations, including banks, government agencies across the country.
However, ESIGN does allow states to "modify, limit or supersede" ESIGN in certain limited circumstances.
Along with presenting a balanced budget to Congress and the Middle East peace process, he noted that the ESIGN Act will have one of the largest impacts over how people live and work.
With Livelink eSign, users collaborating in Livelink can easily follow processes for document certification and management that meet regulatory requirements.
Open Text will offer Livelink eSign to companies in regulated industries, such as pharmaceuticals, financial services, aerospace, and other sectors, where there are strict rules on electronic documents.
(1) Before ESIGN, many parties conducted business this way and courts recognized it as viable; there is no obvious reason why the passage of ESIGN should change judicial interpretation absent additional facts.
"It is reasonable to conclude that, thus far, the benefits of the consumer consent provision of ESIGN outweigh the burdens of its implementation on electronic commerce, and that the provision appears to be working satisfactorily at this stage of the Act's implementation," says the study, according to a report in the E-Commerce Times.
Check with your association counsel regarding the application of ESIGN to your association's transactions.
On that date, the new Electronic Signatures in Global and National Commerce Act (ESIGN) took effect.
Tenders are invited for Esign, construction, supply, testing,commissioning of water supply scheme with , hytw, distribution network, pvc water storage tank over 8m high steel staging, single phase motor pump, house connection and o and m for 5 years under mukhyamantri gramin pejyal yojna in remaining ward of wimc block parihar, panchayat parihar south, ward no.
Docutech is the leading provider of document eSign, eClose and print fulfillment technology.
Global Banking News-July 10, 2018-Essential Federal Credit Union expands implementation of IMM eSign to strengthen cross-border services