Market Demand for Electronic Signatures Sparks Launch of New Technology Comany
AssureSign LLC Forms to Introduce Biometric Digital Signatures
with Advanced Document Processing Controls
ORLANDO, FLA. -- (April 3, 2008) -- A new technology company, AssureSign® LLC, has been launched to introduce biometric digital signatures with advanced document processing controls.
The new Orlando, Fla.-based business enterprise has been spun off from its sister company 3PV® after the latter firm saw clear market demand for its AssureSign® services. 3PV, a technology company that specializes in complete verification solutions for any type of business transaction, began pioneering electronic signature technology in early 2004 and has completed nearly 1 million e-signatures in the last two years.
“It's time to devote more dedicated resources to our AssureSign Electronic Signature Solutions,” said David W. Brinkman, chief executive officer of both AssureSign LLC and 3PV. “The volume of transactions we've already completed, our projected future business, and the resounding praise from our current customer base are clear indicators that our biometric digital signature technology is ripe for spin-off into a separate company.”
3PV is best known as the leader in speech-enabled, live-agent and online third party verification (TPV) services for the cable and telephony industries, including both circuit switch and VoIP customers. Since 3PV's incorporation in 2000, the entrepreneurial company has handled more than 17 million verifications and grown its client base to include industry leaders in the VoIP, telecommunications and cable industries. The firm pioneered its electronic signature solutions with these and other companies.
AssureSign LLC officially debuts today at the 2008 “Big I” Legislative Conference and Convention being held in Washington, D.C., April 3-4, where the company is rolling out its latest AssureSign Biometric Digital Signature Solutions.
AssureSign is a web-hosted service that facilitates the managed processing of documents in an all-digital, high-security environment. The patent-pending electronic signature software provides forensically identifiable evidence of contractual acceptance with digitized electronic signatures that can be matched for authentication in much the same way as a traditional signature.
That's because AssureSign creates a digital representation of the act of signing using a unique encryption process that provides its customers with the utmost protection. The sequence, which is seamless and immediate, yields one of the most comprehensive service-based, electronic, hand-written signatures on the market today.
Signatories hand-sign, store and/or transmit documents and contracts electronically. AssureSign is used to quickly obtain biometric signature authorization of documents by one or more signatories located anywhere in the world.
“AssureSign truly is documents without borders,” said Brinkman. “And it‟s delivered at the speed of the Internet so that our clients realize shorter revenue cycles and a greatly accelerated sales process.”
And since the entire AssureSign Electronic Signature Process is tracked digitally, Brinkman said users have a complete forensic audit trail of the delivery and signing process. Thus, they know exactly when documents are received, when they are signed and who has or has not signed them. This unique feature allows users to expedite the signing process with additional follow-up by phone or email as needed. In this way, AssureSign gives clients control over the total signing process.
“AssureSign adds control and convenience, saves time and money, broadens accessibility, improves reliability, and reduces errors and frustration,” said. Brinkman. “When compared with fax transmissions and overnight delivery services, AssureSign is faster, more secure, trackable, more controllable and more reliable.”
While AssureSign Electronic Signature Technology is versatile enough to be applicable to nearly any industry segment, its biometric digital signatures are particularly suited to high transaction volume business such as that conducted in insurance industry, sales, financial services, legal and e-commerce environments.
Using AssureSign„s cutting edge technology involves the three simple steps of send…sign…submit... First, using the dedicated, secure AssureSign Electronic Signature Web site, customers import their Word or PDF document that needs to be signed -- along with contact information for their signatory -- and set-up the document for processing. AssureSign then sends the signatory an e-mail with a link to the AssureSign Electronic Signature page where the document is housed, and sends an email when the document is delivered to the signatory. If the document needs to be signed by multiple persons in multiple locations, customers can route it to multiple stops in the order they require signatures.
Second, the signatory is provided with easy-to-follow directions about how to sign the document, simply using any computer. After reviewing the signed document, the signatory can either clear and re-sign the document or go ahead and submit it.
Finally, once the signatory completes signing and clicks "Submit Document," he or she receives an email message that the document has been signed. AssureSign Electronic Signature Technology then creates a digitized representation of the act of signing for electronic storage in its database. Both the customer and his or her signatory immediately are emailed a link to the electronic copy of the signed document, and anyone else the customer designates also can receive the same link. The executed document may be stored and/or printed by all recipients, and users have a complete forensic audit trail of the entire transaction.
In addition to simplicity and trackability, AssureSign LLC guarantees full compliance with the requirements and standards of both the Electronic Signatures in Global and National Commerce (E-SIGN) Act and the Uniform Electronic Transactions Act (UETA) for all AssureSign Electronic Signature products. The E-SIGN Act facilitates the use of electronic records and signatures in interstate and foreign commerce by ensuring the validity and legal effect of contracts entered into electronically, and UETA provides a legal framework for electronic transactions and gives electronic signatures and records the same validity and enforceability as manual signatures and paper-based transactions.
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For information: Sharon Fleischer - sharon.fleischer@assuresign.com - (407) 670-0400 x229
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