Both financial reps and their clients agree that opening new accounts and transacting business needs to be handled quickly and accurately
Los Angeles, CA (PRWEB) January 16, 2008
Transamerica Financial Advisors, Inc. (TFA), has selected Interlink Electronics, Inc., [LINK.PK] to capture legal eSignatures on registered financial product transactions through its paperless office platform known as TFA Synergy. This electronic signature function is the third, and final, phase in the much-anticipated TFA Synergy initiative.
"Both financial reps and their clients agree that opening new accounts and transacting business needs to be handled quickly and accurately," said Sandy Brown, president of Transamerica Financial Advisors. "Adding Interlink's eSignature technology to the TFA Synergy platform ensures that the reps fully leverage the paperless office platform that TFA has created. An essential process that begins electronically can now remain electronic and completely paperless."
Utilizing Interlink's e-Pad signature device in tandem with IntegriSign software, TFA representatives will capture eSignatures on electronically generated documents such as new-account forms, required disclosure forms, and product applications. Interlink's IntegriSign
application encrypts and permanently embeds the electronic signature in the document and related data such as date and time along with key biometric information (such as signing velocity and pressure) unique to each individual signature. The data is securely encrypted then tamper-proof sealed along with the form data. It is then submitted immediately via e-mail for supervisory approval and final processing.
"eSignatures ensure a straight-through process even when signatures are required. This approach significantly improves the productivity of representatives and saves time and effort for the clients as well," explains Rod Vesling, senior vice president, eTransactions with Interlink Electronics Inc.
The comprehensive TFA Synergy paperless platform is the first initiative of its type in the securities industry. It amalgamates a number of tools and technologies into a seamless application. The platform has three major components: 1) automated new account processing with e-signature, 2) web-based document management, and 3) automated compliance review. The sophisticated TFA Synergy platform was assembled from both custom-built solutions and existing components specifically repurposed for this important, timesaving application that facilitates efficient transaction processing. In addition to Interlink Electronics, other contributors of state-of-the-art technology incorporated into the system are Laserfiche® and SunGard®. These vendors were specifically selected because of their experience serving the financial-services industry.
"TFA Synergy is a unique, comprehensive paperless office platform built to order with what we consider to be the best technological solutions available in the industry today. TFA Synergy was designed to be both rep friendly and client centered and -- most important -- it was designed to be portable, easy to use, and seamless in operation," said Brown. "Using our established high standards of service, communication and independent support, as a foundation, TFA Synergy will help the Reps who make TFA their home more successful by reducing or eliminating administrative expenses that have heretofore been considered a necessary evil in the financial-services industry. This paperless platform allows producers to do what they do best--spend quality time with clients that translates directly into achieving financial goals rather than filling out and updating forms, and tracking down paper files."
About Transamerica Financial Advisors, Inc.:
Transamerica Financial Advisors, Inc. is a full-service, an SEC-registered broker/dealer and member of FINRA, and an SEC Registered Investment Advisor. It is an AEGON company. AEGON is one of the world's leading life insurance and pension companies, and is a provider of investment products. Headquartered in The Hague, the Netherlands, AEGON companies employ approximately 30,000 people worldwide. AEGON's established markets include the United States, the Netherlands, and the United Kingdom. Visit tfa.transamerica.com for additional information about how Transamerica Financial Advisors can be of service to you.
About Interlink Electronics Inc.:
Interlink Electronics, Inc. (LINK.PK) provides the financial services industry as well as the healthcare and government sectors with the electronic signature platform needed to eliminate paper from critical business processes. Interlink's complete solution including e-signature software, hardware, and services allows organizations to implement end-to-end electronic processes no matter where the signing takes place: in-branch, in-the-field or online. Interlink Electronics is also known for its family of MicroNav products, powered by the company's patented Force Sensing Resistor (FSR) technology and integrated in handheld consumer electronics devices. Headquartered in Camarillo, California, Interlink Electronics, Inc. also has offices in Japan, Hong Kong, and China. http://www.interlinkelectronics.com/esign
This release contains forward-looking statements that involve a number of risks and uncertainties. The following are among the factors that could cause actual results to differ materially from the forward-looking statements: historical losses and negative cash flow, the retirement of our Chief Executive Officer, the success of business divestitures and acquisitions, the expense of being a public company, the ownership of the majority of our stock by a small group of investors, our success in predicting new markets and the acceptance of our new products, efficient management of our infrastructure, the pace of technological developments and industry standards evolution and their effect on our target product and market choices, the effect of outsourcing technology development, changes in the ordering patterns of our customers, a decrease in the quality and/or reliability of our products, protection of our proprietary intellectual property, competition by alternative sophisticated as well as generic products, pending litigation against the Company, historical weaknesses in internal controls over financial accounting, the continued availability at competitive prices of raw materials for our products, disruptions in our manufacturing facilities, risks of international sales and operations including fluctuations in exchange rates, compliance with regulatory requirements applicable to our manufacturing operations, and customer concentrations. These risks are discussed in greater detail in our quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this document regarding Interlink's financial results, industry and revenue trends, the filing of reports with the Securities and Exchange Commission and future business activities should be considered in light of these factors.
For more information, please contact:
Debra.newton @ transamerica.com
Interlink Electronics, Inc.
Nbenoit @ interlinkelec.com
For Interlink Electronics' Investor Relations information, please contact:
Interlink Electronics, Inc.
805-484-8855 ext. 114
mlockard @ interlinkelectronics.com