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.
I used eSign Genie and it took just minutes for me to get it signed and to send it to a prospective client.
Genzyme, and pharmaceutical companies in general, play an important role in evolving solutions such as Livelink, and in the development of specific tools such as Livelink eSign to serve their needs.
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.
At the same time, however, the FTC and the Department of Commerce did concede that the law's full impact has not yet hit consumers and businesses and that no analyses have as yet been completed on the effect of ESIGN on Internet-based consumer fraud.
Before ESIGN, a vendor such as a mortgage broker could solicit customers, provide information on mortgage interest rates, and even take applications online.
IMM has offered the eSign integration capabilities to Finastra LaserPro and DepositPro clients for almost eight years.
M2 EQUITYBITES-December 5, 2017-IMM eSign maintains industry integration with Finastra
will integrate IMM eSign with Symitar's SymApp to provide credit unions with real-time, online loan origination and account opening capabilities.
DocMagic currently enables the electronic signing of loan documents and disclosures through its eSign solution.
Compliant with both ESIGN (Electronic Signatures in Global and National Commerce Act) and UETA (Uniform Electronic Transactions Act) governance, the technology is browser- and device-agnostic.