Wacom Europe, a subsidiary of the digital pen and pad technology company, has plans to launch its biometric signature solution in the UK.
Having already been successful in Asia, southern Europe and North America, Wacom expects its technology to transform the way contract-based transactions are carried out.
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The solution uses digital pens and pads that capture a pressure profile (rhythm, speed and pressure) of a handwritten signature during the signing process. The signature is then encrypted when transferred into a bespoke application or Windows file or PDF.
To increase security for the signatory, the signature is not stored on the device and will become invalid if changes are made to the documentation.
Contracts and agreements can be carried out in real-time with documents being stored digitally so as to reduce a company’s environmental footprint.
Organisations like the UK government are seeking to become ‘digital by default’ to drive operational efficiency.
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By GlobalDataThe majority of Wacom’s clients are partners they work closely with. Motor finance companies, banks and some mobile phone providers are already making use of the solution in the UK.
Tony McCool, business development manager at Wacom Business Solutions in the UK, said there is an increasing demand for Wacom’s solution in the UK. He also added that there is growing interest from clients in the retail sector, and believes customers will be very open to this method of payment.
"Our products are quickly becoming the standard, trusted way for capturing signatures and processing data across multiple sectors including banking and finance, POS/retail, telecommunications, government, insurance, healthcare and tourism/hospitality," said McCool.
"We have already signed contracts with major household names in the UK consumer and motor finance industries and they are currently integrating our technology with their IT infrastructures ready for operational roll-out in the coming months."
According to Wacom, over 3bn documents are signed on its pads every year.
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