ELECTRONIC SIGNATURE - The term `electronic signature' means 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. (ESIGN ACT, SEC 106).
The Uniform Electronic Transaction Act (UETA) and the Federal Electronic Signatures in Global and National Commerce Act (ESIGN Act, S. 761) allow documents to be electronically validated with the same authority as a paper document with wet ink signature. These laws govern the management and handling of online contracts and transferable records.
iSignify was developed in full compliance with the Electronic Signatures in Global and National Commerce Act (ESIGN), October 2010 and the Uniform Electronic Transactions Act, (UETA) July 2010 to produce full compliance digital signatures through the creation of a private and public key using Java Keytool. A particular message is provided and signed by application of the private key, and then combined with the public key for signature verification
iSignify allows the safe and secure upload and storage of any documents, along with the signing party's information.
iSignify notifies the signers that a document has been posted and is ready for signature; Legitimate and accurate identity of signers will be vetted and confirmed through secure login process.
iSignify will track the activity, or lack thereof, of the signer, and actively send notification to the author or distributor of the document, allowing them time to take action through other channels.
iSignify decidedly establishes an audit trail, capturing the document name, type and ID, number of pages, signatures, initials and print jobs, along with signing completion date. For each signer, the date/time stamp is tracked for each application of the signature, for each document in the package, along with the signer’s email and the IP address of the computer used in the process. In addition, it tracks sender details. Also, for each signer.
iSignify follows all requirements of ESIGN and UETA, and a confirmation of the signers intent, on a per document basis.
iSignify creates a seal around the document, binging the signature, date and timestamp to that document. Any attempt to alter the contents of the document automatically break the seal and render the document "tampered".
A great summary of ESIGN can be found at this site, too: http://www.isaacbowman.com/electronic-signatures-in-global-and-national-commerce-act-esign