1st PM Factors Bancorp (also known as Pmfactors.com) has announced the first fully digital set of contracts signed using a digital signature.
In 1996 Pmfactors.com introduced the first complete internet accounting interface so that its factoring clients would be able to take better control of their finances and depend less on traditional means of acquiring information.
PMfactors.com’s vice president of marketing and sales, Stephen Perl, said “On 2 June 2000, President Clinton made it possible for Pmfactors.com to go to the next step in making it even easier for us to provide working capital to our new clients throughout the US by signing the Electronic Signatures in Global and National Commerce Act which gives electronic signatures and documents the same force in law as those done in ink.
Digital signatures will definitely facilitate business commerce in our industry because time to funding is critical for businesses that require immediate working capital.”
