| By Mary Ellen Power |
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| September 18, 2012 05:07 PM EDT |
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Silanis, a provider of enterprise electronic signature solutions with the largest e-signature deployments, announces that the global payments division of a top 10 US bank and its retail channel partner have selected Silanis to meet the e-signing needs for the partner's US business customers.
Silanis' e-Sign Enterprise Platform will be implemented initially to enable the partner's business customers to e-sign the online application for the global payments division's credit and debit payment terminals, processing software and services. In the fiercely competitive credit services industry, the ability to close new merchants as quickly as possible is a priority for payment processors, acquirers and service providers alike. By keeping the application process off of paper and entirely electronic, Silanis e-signatures significantly shorten the time to get new merchants set up and transacting.
Citing industry-leading systems excellence and processing capacity, sophisticated fraud control and risk management as well as customer service as its strengths, the global payments division selected Silanis' enterprise platform as the best fit for both the initial application and to accommodate long-term growth. The e-Sign Enterprise Platform is designed to manage the many complexities of highly regulated, online transactions without ever falling back to paper, while also ensuring two things: that transactions are correctly executed in compliance with legal and regulatory requirements, and that they result in stronger legal evidence and audit trail information than paper.
"This deal marks another win for Silanis among North America's Top 10 banks, making it clear that banks have connected the value of a single, scalable enterprise e-signature platform as an essential part of customer transformation initiatives," says Tommy Petrogiannis, Silanis CEO and co-founder. "Achieving straight-through processing and transforming the customer experience is only possible if paper is completely eliminated," continues Petrogiannis.
About Silanis
Silanis is the most widely used e-signature solution in the world, responsible for processing more than 600 million documents annually. Founded in 1992, Silanis' solutions e-Sign Enterprise and e-SignLive enable thousands of organizations, including four of the top North American banks, eight of the top 15 insurance companies and the entire US Army to accelerate business transactions, improve customer experience and reduce costs while improving compliance with legal and regulatory requirements. Silanis provides the most flexible deployment options with its on-premise, cloud and SaaS e-signature solutions, eliminating manual, paper-based processing and enabling e-commerce and e-government transactions to be electronically executed from start to finish.
