OneSpan Sign Product Updates Q2 2020
With the new and unexpected challenges posed by COVID-19, organizations are scrambling toadapt their business to accommodate remote operations for employees and customers. OneSpan is working diligently with clients and prospects to respond to COVID-19 by helping them deploy and expand their e-signature solutions and continue their business operations.
From supporting initiatives in response to COVID-19 to releasing updated signing features and capabilities, the OneSpan team has been hard at work to help optimize the way e-signatures are used across the organization. Here are some of the product updates from the past quarter:
- Support rising e-signature demand during COVID-19
- Help SBA-approved lenders use e-signatures to accelerate loans to small businesses under the CARES Act
- Streamline the Remote Online Notarization (RON) process with eNotary and e-signatures
- Updated features and capabilities to help signers complete documents remotely with the Capture Signature and Group Signing features.
Let’s take a closer look at the highlights of the latest product updates:
One Span Sign E-Signatures Q2 2020 Updates
Remote Signing Capabilities and COVID-19
The U.S. government passed a $2 trillion stimulus package known as the Coronavirus Aid, Relief, and Economic Security (CARES Act) to help boost the economy in response to COVID-19. Under the CARES Act, The Small Business Administration (SBA) distributed over $350 billion in loans to small businesses towards job retention and business operating expenses.
OneSpan can help SBA-approved lenders accelerate the processing time and execution of loan approvals to get loan funds in the hands of small business owners faster. OneSpan Sign complies with the e-signature requirements outlined by the Office of Financial Assistance, U.S. Small Business Administration (SBA) Appendix 8 of SOP 50 10 5 K. This includes the types of signature supported by OneSpan Sign, required authentication methods, capturing signer intent, and records retention and distribution.
Contact us to speak to an expert to discuss your financial institution’s needs and requirements to support the SBA Paycheck Protection Program for small to medium businesses.
Supporting Remote Online Notarization (RON) Requirements with eNotary
Traditionally, the notarization process is completed in-person between the Notary and signer. Due to social distancing protocols, demand for Remote Online Notarization (RON) and the need to complete the full notarization process online is on the rise.
Since COVID-19, states have enacted emergency short-term measures to enable RON and to help Notaries carry out their duties remotely with signers.
With a rise in adoption in e-signatures and the need to complete documents remotely, OneSpan can help streamline the RON process with the OneSpan Sign eNotary feature. eNotary allows notaries in approved state jurisdictions to electronically witness, sign, and seal documents in a face-to-face scenario with signers. To meet Remote Online Notarization requirements, OneSpan Sign eNotary can be used in conjunction with web conferencing software to help meet the legal requirements specified for your state jurisdiction.
Contact us to learn how we can help your organization support Remote Online Notarization with eNotary and KBA capabilities. If you’re an existing OneSpan customer, contact your OneSpan Account Manager or Customer Success Representative to start using the OneSpan Sign eNotary feature today.
Updated E-Signature Features and Capabilities to Help Signers Complete Documents Remotely
Capture Signature: Need a handwritten signature for your documents? OneSpan Sign users can leverage the Capture Signature option to obtain handwritten signatures from signers. Capture Signature gives signers the flexibility to review documents on their PC and then provide a handwritten signature using their mobile device. Your signers can transform their mobile device into a signature capture pad to create a handwritten signature using their finger or stylus pen. Read our blog post or watch the video below to learn how senders and signers can use the Capture Signature method in documents.
Video: How to Obtain Handwritten Signatures Using the Capture Signature Option
Group Signing: The Group Signing feature allows OneSpan Sign administrators to configure groups with members of a department. When a transaction is sent to the predefined group, any member of the group can access the email and sign the document on behalf of the group. By allowing multiple members to share signing responsibility, transactions sent to a group can be completed more quickly.
Read our blog post or watch the video below to learn how to use the Group Signing feature in OneSpan Sign.
Video: How to Use Group Signing in OneSpan Sign
We hope you take advantage of the latest product updates we have to offer in OneSpan Sign. Read our release notes for additional information.