With a combination of standards for electronic signatures and timestamping, these organizations will have added the confidence that signed documents provide proof of signer identity, intent, and transaction integrity, and now also include a bullet-proof timestamp.
San Francisco (PRWEB) March 10, 2008
ARX (Algorithmic Research), a leading provider of digital signature solutions (standard electronic signatures), and DigiStamp, an innovative provider of timestamping technology and related services, have announced a partnership enabling the CoSign® digital signature solution to utilize a standard timestamp service.
The partnership combines CoSign digital signatures' legally-binding ability to sign, seal, and validate documents, with a standards-based time stamping authority. The benefit of incorporating a standard timestamp with a digital signature is the additional layer of integrity the document subsequently maintains, as the signer, content, and the time of signature all become indisputable.
CoSign digital signatures are delivered in a solution that is implemented and certified according to US and EU digital signature (FIPS 186-3) and security (FIPS 140-2 Level 3) standards. In addition, DigiStamp's timestamp is created based on standards established by the IETF (RFC 3161) and ISO (FCD 18014-2). As a result of this partnership, both can be applied to business documents for internally and externally routed electronic-document verification. This capacity is a significant business asset as it allows external and third parties to verify the authenticity of electronic documents.
"Organizations will always realize economies and a steady ROI from investments made in standards-based IT solutions, because standards improve the exchange and share-ability of information," said John Marchioni, VP of Business Development, Americas, ARX. "With a combination of standards for electronic signatures and timestamping, these organizations will have added the confidence that signed documents provide proof of signer identity, intent, and transaction integrity, and now also include a bullet-proof timestamp."
"As we transition from paper to electronic data and digital signatures, organizations face the challenge of lockdown security that's easy to use," said Rick Borgers, CTO, DigiStamp. "The combination of CoSign and secure digital timestamps gives companies the ability to comply with regulatory standards while, at the same time, being able to prove that nothing has been altered in their records. We are pleased that ARX has added secure time stamps to CoSign. We anticipate rapid growth of content security services, and trusted third-party time stamping is a critical part of that overall solution."
DigiStamp was founded in 1998 as a pioneer Time Stamp Authority to protect intellectual property. Ensuring strong legal evidence for customers remains their bedrock service. DigiStamp provides the tools to prove the authenticity and integrity of electronic records. Their solution is built using accepted industry standards from the IETF and OASIS. DigiStamp's customers include financial, insurance, healthcare, and science research organizations verifying regulatory compliance, managing liability risks, and recording possession of intellectual property. For more information, please visit http://www.digistamp.com.
The CoSign approach means digital signature standards and efficiencies across your operations. Signing and sealing documents with CoSign immediately expedites business processes, reduces costs, increases security and enables organizations to comply with diverse regional and industry regulations. CoSign works with all major applications and document formats including: Microsoft® Word, Excel®, Outlook®, Adobe® PDF, TIFF, AutoCAD®, InfoPath®, Lotus Forms, and many more). CoSign signatures are being used by hundreds of thousands of users in Enterprise, B2B and B2C processes, to learn why please see our white papers and product details at http://www.arx.com/products/cosign-digital-signatures.php.
About ARX (Algorithmic Research)
ARX has over 20 years of experience assisting banking, financial services, life sciences, healthcare, governmental organizations and commercial sectors to secure and streamline their business processes and transactions. ARX offers a wide range of highly scalable products designed to simplify, secure, and accelerate electronic business. For more information, please visit http://www.arx.com.
CoSign® is a registered trademark of Algorithmic Research, Ltd. All other trade names and trademarks are the property of their respective holders.