eSignatures go Keyless in the Cloud

It has been 12 years since the United States passed a law to facilitate the use of electronic records and electronic signatures.

Image source: Article
Called the Electronic Signatures in Global and National Commerce Act (ESIGN), its general intent in black and white is quoted in the very first section of the legislation; that a contract or signature “may not be denied legal effect, validity, or enforceability solely because it is in electronic form.”

eSignatures save a lot of waste. No need to get into a car and drive paper documents to your attorney’s office for a real estate contract or to a bank to settle a mortgage application.

Does your CU use online digital signatures? Read the article to see how Avanza Bank asked Scrive to produce a bullet-proof e-signing service, whereby many stringent conditions would be met.