As a virtual notary, it is important to understand the different types of digital signatures available in the market. Three of the most commonly used digital signature types are RON, IPEN, and eSign. Each has its unique features and benefits, and understanding these differences can help you determine which type of digital signature is best suited for your virtual notary business.
Remote Online Notarization (RON)
Remote Online Notarization (RON) is a type of digital signature that allows notaries to perform notarizations remotely. With RON, the notary and the signer are in different locations, but the notarization process is completed in real-time through audio and video conferencing.
The RON process is highly secure and meets the highest level of compliance standards, ensuring that the notarization is completed accurately and efficiently. RON also provides a complete digital record of the transaction, making it easy to track and store documents securely.
In-Person Electronic Notarization (IPEN)
In-Person Electronic Notarization (IPEN) is a type of digital signature that is performed in person, but the notary uses an electronic signature pad to complete the notarization process. IPEN is an efficient way to complete notarizations in person, as it eliminates the need for paper documents and reduces the risk of errors.
With IPEN, the notary and the signer must be present in the same location. The notary uses an electronic signature pad to sign the document, and the signature is then securely stored in a digital format.
eSignatures are a type of digital signature that can be used to sign documents electronically. eSignatures can be completed in a variety of ways, including using a mouse or stylus to sign on a touch screen, or by typing the signer’s name in a specific font and style. eSignatures are convenient and efficient, and they eliminate the need for physical documents to be signed and stored.
In conclusion, as a virtual notary, understanding the differences between RON, IPEN, and eSignatures can help you determine which digital signature method is best suited for your business. RON is a highly secure and efficient way to complete notarizations remotely, while IPEN is a useful tool for completing notarizations in person. eSignatures are a convenient and efficient way to sign documents electronically, but they may not be legally binding in all situations. By understanding the benefits and limitations of each digital signature type, you can provide your clients with the most efficient and secure notarization services possible.