SecureBuy announced it has been granted intellectual property protection for its real-time, online biometric signature capture technology under Canadian patent No. 2589108. The patent was awarded by the Canadian Office of Intellectual Property on Feb. 27.
According to the company, the technology emulates a handwritten signature that can be executed on screen using a stylus, mouse or finger and can be experienced on mobile devices and personal computers. SecureBuy said it owns the patents for biometric signature capture technology in both the U.S. and Mexico.
The biometric signature capture introduces a personally identifying mark, recognized by issuing banks as compelling evidence that shows the intent to purchase. So long as the merchant upholds the terms and conditions and the card is not stolen, a customer's signature creates a legally binding sales draft.
Integrated as a final stage in the checkout process, SecureBuy takes a snapshot of the terms and conditions along with the signature then stores it as indisputable proof of purchase. Visa began recognizing a signature as compelling proof of purchase in 2013.
As early as 1999, the National Conference of Commissioners on Uniform State Laws proposed the Uniform Electronics Act, which legally recognized the digital signature and was widely adopted at the state level. By 2000, the U.S. Congress passed the Federal Electronic Signatures in Global and National Commerce Act (eSign), nationally recognizing the electronic signature as a legal replacement for an inked signature in all digital transactions.