Agents capture customer esignatures on life insurance policies for a true end-to-end electronic process.
Camarillo, California (PRWEB) June 27, 2007 -- Interlink Electronics esignature solution empowers Farmers Insurance to capture legally-binding esignatures on life insurance policies. Using the IntegriSign® esignature software and ePad™-ink, Farmers agents can immediately submit the completed and esigned forms to head-office for processing. With more than 8,000 now being utilized within Farmers, this completely electronic solution, is one of the industry's largest and most successful implementations of electronic signatures to date.
"Now that the transaction begins and ends electronically, we can fully leverage our electronic forms presentation and processing," explains Mike Keller, Vice President Life Marketing with Farmers Insurance. "We no longer have to revert back to paper every time a signature is needed. Today, we are realizing the benefits of more accurate and efficient policy processing as well as an enhanced customer experience."
According to Mr. Rod Vesling, Vice-President of Sales and Marketing with Interlink Electronics , many organizations are looking to esignatures as the enabling technology for straight-through-processing. "Looking out across the industry, this is an excellent representation of the priority insurance companies are now placing on electronic signatures," continued Mr. Vesling. "In, fact, a recent report by Robert E. Nolan Co., found that 95% of Life and Annuity Industry respondents named esignatures as a technology strategy they were very likely or likely to implement. We were pleased to work very closely with Farmers in developing this custom integration to meet their specific requirements."
Interlink eSignature Technology
Farmers Insurance selected Interlink's IntegriSign® e-signature software and ePad-ink for signature capture. IntegriSign encrypts and permanently embeds the signature in the document along with other signature data such as date and time. Although IntegriSign works out-of-the-box with Adobe® Acrobat® as well as Microsoft Office documents, the software developer Kit (SDK) can also be utilized to develop custom applications that meet an organization's particular needs as was the case with Farmers Insurance.
The ePad-Ink is an LCD electronic signature capture device that provides interactive visual feedback and an ergonomic design for ease-of-use and true-to-life signature quality. Information such as name, time, date and affirmation text can be displayed for greater signing context. And the ePad-ink's ability to capture the biometric information associated with the individual's signature (X and Y coordinates, signing velocity and pressure) ensures the signature cannot be repudiated.
About Interlink Electronics Inc.
Interlink Electronics, Inc. (LINK.PK) is a global leader in the design, development and manufacture of human interface products and technologies. Setting tomorrow's standards for electronic signature and e-notarization products, advanced remote controls and consumer electronics interface solutions, Interlink has established itself as one of the world's leading innovators of intuitive interface design. With more than 80 patents around the world protecting its technologies and products, Interlink Electronics serves a world-class customer-base from its corporate headquarters in Camarillo, California and offices in Japan, Taiwan, Hong Kong and China.
http://www.interlinkelectronics.com.
For additional information, please contact:
Nathalie Benoit
Interlink Electronics, Inc.
805-279-2750
Investor Relations Contact:
Michelle Lockard
Interlink Electronics, Inc.
805-484-8855 ext. 114
All registrations and trademarks are properties of their respective owners. IntegriSign is a registered trademark of Interlink Electronics, inc. This release contains forward-looking statements that involve a number of risks and uncertainties. The following are among the factors that could cause actual results to differ materially from the forward-looking statements: business conditions and growth in the electronics industry and general economies, both domestic and international; lower than expected customer orders; delays in receipt of orders or cancellation of orders; competitive factors, including increased competition, new product offerings by competitors and price pressures; the availability of third party parts and supplies at reasonable prices; changes in product mix; significant quarterly performance fluctuations due to the receipt of a significant portion of customer orders and product shipments in the last month of each quarter; problems or delays in reporting our results of operations to the public; and product shipment interruptions due to manufacturing problems. The forward-looking statements contained in this document regarding industry and review trends, industry product and technology acceptance, product mix and future business activities should be considered in light of these factors.
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