eSignLive announces a leading United States bank affiliate selects e-Sign Enterprise Platform

August 7, 2011
Montreal, QC, August 8, 2011 - Silanis Technology Inc. announced today that a U.S. based bank has selectede-Sign Enterprise Platform to meet the e-signing needs for its Merchant Services subsidiary.The solution will initially be implemented to support e-signatures for an online application process offered in conjunction with one of the company’s sales channels. Silanis’e-Sign Enterprise Platform will leverage 3rd party authentication technology to efficiently and securely onboard customers over the web. Citing industry leading systems excellence and processing capacity, sophisticated fraud control and risk management, and customer service as its strengths, the Merchant Services provider selectedSilanis’ Electronic Signature Process Management (“ESPM”) solution as the best fit for both the initial application and to accommodate long-termgrowth. Under its software license with Silanis, the provider will be able to expand its deployment of ESPM across its business as needed.

“On the heels of our second and third top 10 North American bank wins announced thus far in 2011, we are extremely pleased to see our lead in the enterprise space extended.” says Tommy Petrogiannis, Chief Executive Officer and co-founder of Silanis. “This competitive win further demonstrates that banks, insurers and financial service providers alike value our robust and trusted enterprise-class solutions.”

In the fiercely competitive credit services industry, the ability to close new merchants as quickly as possible is a priority for payment processors, acquirers and service providers. Straight-through processing, enabled by electronic signatures, will significantly shorten the time to get new merchants set up and transacting.

About Silanis Silanis' solutions have processed hundreds of millions of e-signatures since the company was founded in 1992 (50 million in 2010 alone), making it the most widely used e-signature solution. The world’s largest insurance and financial services companies, government agencies, and service providers depend on Silanis to accelerate business transactions and reduce costs while improving compliance with legal and regulatory requirements. The company’s on-premise, cloud and SaaS e-signature solutions eliminate manual, paper-based processing to enable e-commerce and e-government transactions to be executed fully electronically from start to finish.