Providers of electronic signature technology are eagerly waiting for companies to make the transition to a paperless environment. The passing of the e-signature bill "opens up the floodgates for us," says Kirk LeCompte, PenOp's vice president of marketing and product development for New York-based PenOp Inc.The company has two products-Signature and Ceremony-that capture signatures with a pad-and-pen-like device called a digitizer. Users create a signature file by signing their name three times with the digitizer, which enables the software to account for the natural variation that occurs in a signature.
After the signature has been captured, it can be used as a stamp on any document providing the user supplies an authenticating code.
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