In recent times, eSignatures have become a new normal and are being used in almost all countries across the globe. However, in certain countries, not all eSignature types are the same. Amongst these, a digital certificate-based signature is a type of eSignature which carries more evidentiary value in a court of law validated by Certifying Authorities. Attaching a digital signature certificate (DSC) is necessary to authenticate the signer’s identity and enable tamper-proofing. These Digital Certificates are issued by a Trust Service Provider, commonly known as TSP.
You don’t want to form a business agreement, fully execute it, and deliver it, only to learn later that you lack the legal authority to enforce it in the event of a dispute. This is why when making these agreements, you should always use electronic Trust Service Providers (TSPs), which operate under EU regulations for id verification.
However, for your peace of mind, using a qualified trust service provider (QTSP) should be involved for the highest level of security.
What is a Qualified Trust Service Provider?
A TSP becomes a Qualified TSP or a QTSP for that country if it is approved by the national supervisory body to offer one or more qualified trust services. Qualified eSignatures, or QES, are eSignatures that are carried out using digital certificates obtained from QTSPs. Advanced eSignatures, or AES, are used when digital certificates are obtained from TSPs not authorized to offer qualified trust services. TSPs mainly offer digital certificates via USB tokens, Smart Card, Cloud Signature, and National ID.
Difference between TSP and QTSP
A trust service provider may provide electronic signatures, electronic seals, timestamps, registered delivery services, certificates for website authentication, and other services. They can offer a single service or a number of them. Trust services come in two types: general and qualified. The qualified version of the services, which can be referred to as a form of “insurance,” can only be provided by QTSP.
A QTSP is the only type that can provide qualified trust services, which is one of the key differences between a TSP and a QTSP. A QTSP frequently offers both qualified and unqualified trust services. The reversed burden of evidence in any disputes—where it will be up to the QTSP alone to demonstrate the accuracy of the benefits—typically results in higher costs for qualified services. The consumer will then determine whether you require the added value that the qualified services offer.
A QTSP must go through an independent audit by an accredited institution (i.e., one acknowledged by the national accreditation body) to comply with the EU eIDAS law. This audit looks at things like security, degree of trust, and quality. In other words, QTSP is a high-standard quality stamp. These rules are designed to increase consumer and business trust and to encourage the use of reputable trust services.
Benefits of using a Qualified Trust Service Provider (QTSP)
It frequently occurs due to compliance: the requirement to follow eIDAS, PSD2, or related legislation. No matter where your company is headquartered, you are obligated to follow European laws if you conduct business within the EU.
But many additional factors could influence a company’s decision to cooperate with a QTSP in implementing certified certifications.
Any business can be certain that an electronic transaction is completely safe by using a Qualified Trust Service Provider.
With a Qualified Trust Service provider your enterprise can:
Certinal’s TSP agnostic hub is compatible with all the methods of Digital Certificate-based Signature, whether QES or AES, and supports digital certificates issued by your respective TSP’s.
Certinal eSign is a future-ready eSignature solution (document signer) that provides trust, security, and global compliance. It is your trusted partner delivering the highest compliance standards.