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Digital signatures make it possible to identify specific documents, whereas eSignatures demonstrate the intent of a signatory to be legally bound by the terms within a specific document.

?Electronic Signature? ? The term ?electronic signature? means an electronic sound, symbol, or process, attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record.

The E-Sign Act allows the use of electronic records to satisfy any statute, regulation, or rule of law requiring that such information be provided in writing, if the consumer has affirmatively consented to such use and has not withdrawn such consent.

These four requirements are: Intent to sign. Like traditional signatures, electronic signatures are valid only if each party intends to sign. Consent to do business electronically. All parties involved must consent to do business electronically. ... Association of signature with the record. ... Record retention.

Easy and secure way to digitally sign information anywhere, anytime - eSign is an online service for electronic signatures without using physical cryptographic . Application service providers use e-KYC service to authenticate signers and facilitate digital signing of documents.

Passed on Oct. 1, 2000, the law saves companies that use e-signatures a significant amount of money by reducing mailing and handling costs for hard-copy contracts and similar documents. Specifically, the act validates electronic records and signatures for interstate and foreign commerce transactions.

The E-Sign Act allows the use of electronic records to satisfy any statute, regulation, or rule of law requiring that such information be provided in writing, if the consumer has affirmatively consented to such use and has not withdrawn such consent.

Digital signatures come with encryption standards. Electronic signatures do not come with encryption standards. A digital signature consists of various security features and is less prone to tampering. An electronic signature is less secure and is more vulnerable to tampering.

The most obvious difference has to do with governance. The ESIGN Act is a federal act, which means it affects people who do business online in all 50 states. The UETA, meanwhile, has been adopted on a state-by-state basis. Individual states have the option to adopt or reject the guidelines presented in the act.

The electronic signature solution in the United States complies with the definition of an electronic signature under the Electronic Signatures in Global and National Commerce (ESIGN) Act and the Uniform Electronic Transactions Act (UETA).