Xign Announces Smart Card Support for Business Transactions
Electronic payments specialist Xign Corporation’s Xign Payment Services Network (XPSN) has been revised to support smart card usage with digital signatures and biometric authentication. Digital certificates combined with digital signatures generated using a private key are commonly used to authenticate the originator of an electronic transaction, and ensure that the transaction is not changed on its way to the receiver. These security tools allow people and organizations to electronically certify such features as their identity, their ability to pay, or the authenticity of an electronic document, added the corporation. The XPSN automates the core functions of the accounts payable process, including invoice receipt, validation, routing, dispute management, approval and payment. The system also eliminates paper and data entry, delivers immediate visibility into liabilities, provides vendor self-service and allows control of cash disbursements, said Xign.