MyDocSafe has revealed that it now offers qualified electronic signatures for its customers and clients.
A qualified electronic signature is an electronic signature that is compliant with the European Union’s eIDAS regulation for electronic transactions within the internal European market.
eIDAS requires that no electronic signature should be denied legal effect or admissibility as evidence solely on the grounds that it is in an electronic form or that it does not meet the requirements for qualified electronic signatures. QES is mostly used when signed documents are to be submitted to public authorities in the European Union.
MyDocSafe noted that the eIDAS standard is gradually being adopted as a blueprint for similar regulation in other countries. An example provided is Ukraine, who, although not a member of the EU, has domestic legislation that is similar in spirit to eIDAS.
With the MyDocSafe introduction, for an extra small fee, a sender of a document can require that a signee procures a QES. The service is free to the signee – it is only the sender who is charged.
MyDocSafe said, “A QES process requires that a person’s identity document is verified and a unique key issued to the signee which is then used to sign document. Put simply, the power of QES lies in the fact that the key that is used to sign documents is issued by a QTSP after the signee’s identity has been checked and the key is unique and the key is in sole possession of the signee.”
The process of signing using QES involves the signee filling the signature fields and signing with MyDocSafe, with the signee that asked to sign the document with QES. If the signee is new to QES, the process will require the signee to have their identity verified first and keys issued.
The signee signs using the unique key – the key is placed on a smartphone’s app which generates unique codes. These codes are then entered into the dialog box requested by the QTSP. After signing, the last page receives a ‘stamp’.
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Copyright © 2018 RegTech Analyst
