Electronic Signature Standard Definition and Examples

Understanding Electronic Signature Standards for e-Signing

When diving into the world of electronic signatures, one term that plays a crucial role is "Electronic Signature Standard." Here's a closer look at what this means, and why it’s fundamental for your e-signing process.

What is an Electronic Signature Standard?

An Electronic Signature Standard refers to a set of regulations and technical specifications designed to ensure the security, authenticity, and legality of electronic signatures. These standards serve as a benchmark for the technology and procedures used in the digital signing process, providing a consistent framework that businesses and individuals can rely on.

Key Characteristics

• Security: Ensures the signature is encrypted and protected against tampering.
• Authentication: Verifies the identity of the signatory.
• Non-repudiation: Guarantees that the signatory cannot deny the validity of their signature.
• Compliance: Meets legal requirements, making the electronic signature as valid as a handwritten one.

Examples of Electronic Signature Standards

1. eIDAS (Electronic Identification, Authentication and Trust Services): A European regulation that standardizes electronic signature and trust services, ensuring cross-border recognition and legal acceptance throughout the EU.

2. ESIGN Act (Electronic Signatures in Global and National Commerce Act): An American law that facilitates the use of electronic records and signatures in commercial transactions, making them legally equivalent to their paper counterparts in the US.

3. PIPEDA (Personal Information Protection and Electronic Documents Act): Canadian legislation that includes provisions for the use of electronic signatures and documents, ensuring their legality and enforceability within the country.

Why Electronic Signature Standards Matter

• Legal Validity: Adheres to laws and regulations, making the signed document legally binding.
• Trust: Creates a reliable and verifiable method for signing documents, increasing user confidence.
• Global Acceptance: Standards like eIDAS ensure that signatures are recognized across different jurisdictions.
• Efficiency: Streamlines business processes by allowing secure, quick, and remote document signing.

Implementing Standards with GoodSign

At GoodSign, we ensure that our e-signature solution complies with leading international standards without the hefty costs associated with other providers. Our pay-per-use model, priced at just $1.50 per envelope, ensures that you have access to all the features and integrations you need, without the burden of extra costs for team members. Everything is upfront, with no gated plans, giving you the flexibility to use our service as needed and ensuring compliance with critical electronic signature standards.

By adhering to these standards, we provide a secure, reliable, and legally valid e-signing experience, allowing you to focus on your business without the unnecessary financial burden. Try GoodSign today and discover a smarter, budget-friendly way to handle your electronic signatures.