Creditdiscovery’s electronic signature capability allows clients to
obtain a legally binding electronic signature from their customers and
prospects. An electronic signature not only saves time by eliminating the need for
paperwork to be sent between two or more parties, but it prevents fraud as well.
The electronic signature obtained by Creditdiscovery meets standards
established by the federal E-sign Act, and state Uniform Electronic
Transactions Acts (UETA).
Providing an electronic signature is easy. Signers hold the curser in the signature
box and "draw" their signature with the mouse.
Signature fraud is a problem many businesses face as they do business
online. The digital signature Creditdiscovery obtains cannot be changed.
The legally binding electronic signature, combined with the company’s
other verification methods (Express Authentication, Bank Account
Verification, and Site Scan) protect companies from fraud. Creditdiscovery’s
combination of verification and electronic signature techniques is
estimated at reducing fraud 7,600 times more effectively than with paper
applications.
Signed documents can be kept for up to 30 years within Creditdiscovery’s
repository, and can be accessed by authorized individuals via a web
browser.
