Benefits of using a Qualified Trust Service Provider (TSP)

Qualified Trust Service Provider

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. QTSP enables eSignatures using digital certificates obtained from Qualified Trust Service Providers. Amongst these, a digital certificate-based signature is a type of eSignature with 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. A Trust Service Provider, or TSP, issues these Digital Certificates. 

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 should be involved for the highest level of security. 

What is a Qualified Trust Service Provider or QTSP? 

A Trust Service Provider or TSP becomes a Qualified Trust Service Provider 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 carried out using digital certificates obtained from a Qualified Trust Service Provider. Advanced eSignatures, or AES, are used when digital certificates are obtained from TSPs not authorized to offer qualified trust services. Trust Service Provider or TSPs mainly offer digital certificates via USB tokens, Smart Card, Cloud Signature, and National ID. 

What is a Qualified Trust Service Provider or QTSP? 

Difference between TSP and QTSP 

A trust service provider may provide electronic signatures, 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, referred to as “insurance,” can only be provided by a Qualified Trust Service Provider. 

A Qualified Trust Service Provider 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 Qualified Trust Service Provider 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 offered by qualified services. 

A Qualified Trust Service Provider 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 security, degree of trust, and quality. In other words, a Qualified Trust Service Provider is a high-standard quality stamp. These rules are designed to increase consumer and business trust and encourage the use of reputable trust services. 

Difference between TSP and QTSP

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 must follow European laws if you conduct business within the EU. 

However, many additional factors could influence a company’s decision to cooperate with a Qualified Trust Service Provider in implementing certified certifications.  

1. Trusted Proof and Reduced Liability

In court, qualified trust services may be used as evidence. Unless shown otherwise, Qualified Trust Services are taken to be utterly reliable evidence. Contrary to how electronic evidence is typically handled, it is frequently necessary to establish the accuracy of electronic records or procedures before using them. 

2. Trust and Assurance

The highest level of confidence and trust now offered on the market is provided by qualified services. This additional layer of protection is essential for day-to-day operations, particularly in sectors where confidence is paramount, such as the banking sector, education, or utilities. 

3. Visual symbols of EU trust

Businesses that utilize QTSP can include an EU trust mark on their websites and other materials, giving them a competitive edge and fostering more customer trust. 

4. Global Compliance

The legal requirements for signatures and transactions might occasionally differ significantly across various nations. Therefore, an electronic signature must comply with the regulations in each nation if you conduct business across multiple countries, such as in Europe. Often, all that is needed is an advanced electronic signature. However, there are stringent requirements that electronic signatures be qualified if you want to conduct business in Belgium, for instance, and many nations are going toward this paradigm.

If you choose a QTSP, you can decide whether to utilize qualified or advanced electronic signatures. Whichever type of signature you select (AES or QES), a Qualified Trust Service Provider will offer the most effective service as trusted certificate authorities identify it. The person executing the signing procedure must still be trusted, and requiring a Qualified Trust Service Provider would make it simple to accomplish this. A QTSP can also deliver advance signatures, but you can trust that a reputable entity verifies signatures. 

Refer to the Webinar:  The CXO’s Blueprint for A Global, Unified Digital Signature Solution 

Conclusion

Any business can be confident that an electronic transaction is completely safe by using a Qualified Trust Service Provider. 

With a Qualified Trust Service provider, your enterprise can: 

  • Reduce the risk of your electronic transactions significantly. 
  • Identity Authentication 
  • They are substantially insured against disputes with less liability. 
  • Your business can be confident that any technical issues will be resolved quickly and that your transactions are legally binding across EU borders. 

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 TSPs. 

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. 

To know more about Certinal, request a demo. 

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Author
Lokjith is a marketing content writer, and he writes about eSignature technology to raise awareness and help enterprises make informed decisions. Before discovering the SaaS industry, he organized Offline Marketing campaigns campaigns. He has a master’s degree from the Institute of Management Technology, specializing in Marketing.
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