Wednesday, February 5, 2014

Electronic Signatures…the New Normal?


Business transactions are not limited to sitting at a desk anymore. Mobile technology has increased the speed at which we handle almost every business matter. The efficiency of our high-tech world is evident in that signatures no longer require pen and paper. Electronic signatures have become the new normal for signing documents that need to be returned quickly. The U.S. Federal ESIGN Act defines an electronic signature as an “electronic sound, symbol, or process, attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record.” This new technology is secure, easy to use, and efficient for all parties involved in the matter. In order to keep your transactions secure and compliant, follow these tips below (for full compliance information, visit the U.S. Federal ESIGN Act website):
·         Online documents should be presented in the same matter that they would be presented on paper. Documents should be in the correct order when sent for signing.
·         All documents and data that are relevant to the transaction should be securely captured and stored.
·         A textual or graphic statement should be added to the signed record, reflecting the fact that the record was signed with an electronic signature.
·         Electronic evidence should be easily retrievable and presentable in an easy-to-view manner.
For more information about electronic signatures, view the U.S. ESIGN Act here. If you have any questions, contact us!
518 Arbor Hill Rd.
 Kernersville, NC 27284
 Ph: 336-996-3338
 

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