Xign Corporation, the leading provider of Enterprise Order to Pay software and services, today announced the company has been awarded patent coverage by the United States Patent and Trademark Office for a digital signature system.
Issued to Xign on October 19, 2004, U.S. Patent number 6,807,633 covers digital signature technology that verifies the authenticity, integrity, and security of electronic documents associated with the settlement of a business-to-business (B2B) transaction.
The issuance of the patent is a significant first step in the protection of Xign’s technology portfolio. The company also owns patents jointly with the Financial Services Technology Consortium and has several additional patents in process covering other unique features of Xign technology.
Legacy digital signature systems have allowed document recipients to verify the authenticity of electronic documents; however, these systems are often difficult to use, do not support a variety of computing platforms, and require add-in cards or peripheral devices for interconnecting with other systems. Xign’s patented technology overcomes the restrictions of legacy systems by supporting all popular computing platforms and requiring only a PC and web browser to operate, making the Internet as secure as any private network for B2B commerce.
"Xign's digital signature technology has passed all the stringent security requirements of our Fortune 1000 customers," said Sunny McRae, vice president of engineering and chief technology officer for Xign Corporation. "We're proud of this patent, which recognizes and protects a valuable Xign asset and an essential component of our Order to Pay network for the next generation of business commerce."