VeriFyle is adding digital signatures to its secure cloud storage and sharing platform.
The ability to collect signatures without having to leave the VeriFyle system is a feature that will add value for our customers, said Jack Smith, CEO of VeriFyle. The combination of this new capability and patented security technology enables a secure and reliable way to execute all kinds of business transactions, Smith added.
According to the vendor, the new capability can be used in compliance with ESign, UETA, as well as the IRS guidance for electronic signatures for forms 8878 and 8879.
Unlike some cloud-storage and cloud-sharing apps, which use a single master key for encrypting and decrypting their users’ data, VeriFyle’s Cellucrypt technology uses password-derived keys on top of a public-key system to individually encrypt each data object, adding several additional layers of protection for their users. With the additional option to disable password reset, VeriFyle becomes the most secure file-sharing app available, while remaining extremely simple to use.
All VeriFyle Pro subscribers will be able to sign documents and receive an unlimited number of signatures from their invited guests as a part of their monthly subscription.
For more information, go to https://verifyle.com.