Identity Proofing Definition and Examples

Understanding Identity Proofing for e-Signing

In the world of digital transactions, identity verification is essential to maintain security and trust. Identity Proofing is the process of verifying the identity of a person to ensure they are who they claim to be. This is particularly critical in e-signing scenarios to prevent fraud and maintain the integrity of signed documents.

Key Concepts of Identity Proofing

1. Verification Methods:

   • Knowledge-Based Authentication (KBA): This method asks the user questions based on information they should know, such as previous addresses or financial activities.
   • Document Verification: Users submit identification documents like a driver's license or passport, which are then analyzed for authenticity.
   • Biometric Verification: Involves the use of biometric data such as fingerprints or facial recognition to confirm identity.
   • Two-Factor Authentication (2FA): Combines something the user knows (password) with something the user has (phone for SMS verification) to enhance security.

2. Applications in e-Signing:

   • Ensures that the person signing a document is indeed the intended signer.
   • Prevents unauthorized access to sensitive documents.
   • Enhances the legal standing of electronically signed documents by ensuring signer authenticity.

3. Industry Examples:

   • Healthcare: Patients sign consent forms electronically, ensuring that only the patient or authorized personnel can sign.
   • Real Estate: Buyers and sellers sign contracts electronically, with identity proofing eliminating the risk of fraudulent transactions.
   • Legal Documents: Legal agreements and contracts are signed digitally, with identity proofing ensuring the integrity and authenticity of signers.

The GoodSign Advantage

At GoodSign, we take identity proofing seriously by offering advanced and robust verification methods integrated into our e-signing platform. Our pay-per-use pricing model means you only pay $1.50 per envelope, ensuring affordability without sacrificing security.

• No Subscriptions: No need for an expensive ongoing subscription.
• Comprehensive Features: Full access to all features and integrations necessary to start securely e-signing documents.
• Scalable and Flexible: Perfect for businesses of all sizes, adapting to your transaction volume without additional costs.

Identity proofing is a fundamental component of secure e-signing. Trust GoodSign to provide you with the tools needed to safeguard your digital transactions and ensure the authenticity of your signers.