SOURCE: Wave Systems Corp.

Wave Systems Corp.

October 16, 2012 11:45 ET

Compliance Systems, Inc. Partners With eSignSystems

CSi Now Offering Complete Electronic Lending Solutions With eDelivery and eSignatures From SmartSAFE™ to Its Financial Institution Clients and Partners

GRAND RAPIDS, MI--(Marketwire - Oct 16, 2012) - Compliance Systems, Inc. (CSi) and eSignSystems, a division of Wave Systems Corp. (NASDAQ: WAVX), today announced a partnership that will provide CSi's thousands of financial services clients with eSigning, eDelivery and eVaulting capabilities directly from CSi's IntelleDoc solution.

CSi 's partners and clients may now elect to incorporate the use of SmartSAFE to streamline all financial transactions, in any segment of banking, consumer or mortgage lending with eDelivery, eSignatures and eVaulting.

Financial institutions using CSi IntelleDoc Solutions can easily incorporate SmartSAFE and benefit from a reduction in cost and time associated with printing, mailing, and processing financial transactions. Many companies are widely utilizing electronic delivery and signatures to improve compliance with state and federal regulators. Competitive advantage is also a very important driver of electronic transactions in today's environment.

"We're honored that CSi has authorized SmartSAFE for use by its financial institution clients and partners to assist in their journey to streamline existing business processes. This partnership will help both companies address the significant demand for next generation solutions that require compliant audit trails around the eDelivery and eSignature process," said Kelly Purcell, executive vice president of eSignSystems.

eSignSystems' SmartSAFE includes a SigningRoom that provides a centralized, secure environment where parties can login to review and eSign documents from the IntelleDoc Solution. CSi's financial institution clients and partners have many options to integrate the SigningRoom directly into their own business process with similar or like user interface. By extending the look and feel of the CSi's clients and or partners' existing web infrastructure, eSignSystems ensures a seamless experience for the end user.

"Given the regulatory environment of today, our clients and partners demand high integrity around the document and data," said Roger Gudobba, Chief Strategy Officer of Compliance Systems, Inc. "That applies to the eSignature piece as well."

In addition, CSi IntelleDoc Solutions in collaboration with eSignSystems, has been certified with MERS® eRegistry and Fannie Mae eDelivery through SmartSAFE. This includes the dynamic SmartDOC, a mortgage eNote specification required for mortgage transactions. Wells Fargo Funding has also authorized CSi for eDelivery and eSignatures via SmartSAFE for its mortgage correspondents as well.

About Compliance Systems, Inc.
Compliance Systems, Inc. (CSi) is a highly respected provider of best-in-class financial transaction technology and expertise specializing in compliantly documenting financial transactions while mitigating the risk surrounding those transactions. CSi's remarkable solutions are sought after for helping institutions meet demanding transaction needs for Deposit, Consumer (including Home Equity) and Commercial Lending, Mortgage Lending, Individual Retirement Accounts, and Health Savings Accounts lines of business. As a trusted partner we document transactions compliantly, minimize the applicable enterprise-wide risks, and reduce resource expenditures so that institutions can focus on their business and bottom line. For more information visit www.compliancesystems.com.

About eSignSystems
eSignSystems, a division of Wave Systems Corp. (NASDAQ: WAVX), is a leading provider of lifecycle management of electronically signed, legally binding documents, contracts and digital transactions. SmartSAFE enables companies to manage business processes and transactions entirely online. Organizations can address certain regulatory compliance issues, improve productivity and efficiency in processing transactions, and achieve significant cost savings through the elimination of document transportation costs, processing and storage. For more information, visit www.esignsystems.com.

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Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to fund operations, the ability to forge partnerships required for deployment, changes in consumer and corporate buying habits, chip development and production, the rapid pace of change in the technology industry and other factors over which Wave Systems Corp. has little or no control. Wave Systems assumes no obligation to publicly update or revise any forward-looking statements.

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