Abstract: A system provides for digital issuance of surety bonds and corresponding powers of attorney to eliminate fraud using multiple security layers, and includes a server communicating with client devices of: surety companies, agents, contractors, and obligees. A surety company accesses a GUI to grant power of attorney to an agent; the agent accesses a GUI to prepare a digital bond for the contractor. The draft bond is signed digitally by the agent and contractor in the closed system. The server generates and subsequently displays a unique identifier on both the executed bond and associated power of attorney, to act as a digital stapler to prevent subsequent fraudulent use of the power of attorney independent of that executed bond. An audit trail provided by the executed bond includes hyperlinks to: time-date stamps of the digital signatures; and IP Addresses of the client devices used for the digital signatures.

Abstract: A system provides for digital issuance of surety bonds and corresponding powers of attorney to eliminate fraud using multiple security layers, and includes a server communicating with client devices of: surety companies, agents, contractors, and obligees. A surety company accesses a GUI to grant power of attorney to an agent; the agent accesses a GUI to prepare a digital bond for the contractor. The draft bond is signed digitally by the agent and contractor in the closed system. The server generates and subsequently displays a unique identifier on both the executed bond and associated power of attorney, to act as a digital stapler to prevent subsequent fraudulent use of the power of attorney independent of that executed bond. An audit trail provided by the executed bond includes hyperlinks to: time-date stamps of the digital signatures; and IP Addresses of the client devices used for the digital signatures.

Abstract: A method, system and apparatus for obtaining a bond is disclosed. The invention, employs a computer system that has a work station in communication with a server to provide information on a contractor that is required by a surety over the computer system. The server is provided with owner/obligee information concerning a bond over the network A surety is selected to provide the bond and the identity of the surety is presented over said computer network. The type of bond sought is identified. Approval of the bond is requested over the computer network and a decision on the bond request is obtained over the network. The approval decision includes an authorization code that is presented at a bid letting along with the contractor's bid. The authorization code permits an owner/obligee to view an approved bond through the computer network.

Abstract: A method, system and apparatus for obtaining a bond is disclosed. The invention employs a computer system that has a work station in communication with a server to provide information on a contractor that is required by a surety over the computer system. The server is provided with owner/obligee information concerning a bond over the network A surety is selected to provide the bond and the identity of the surety is presented over said computer network. The type of bond sought is identified. Approval of the bond is requested over the computer network and a decision on the bond request is obtained over the network. The approval decision includes an authorization code that is presented at a bid letting along with the contractor's bid. The authorization code permits an owner/obligee to view an approved bond through the computer network.

Abstract: A method, system and apparatus for obtaining a bond is disclosed. The invention employs a computer system that has a work station in communication with a server to provide information on a contractor that is required by a surety over the computer system. The server is provided with owner/obligee information concerning a bond over the network A surety is selected to provide the bond and the identity of the surety is presented over said computer network. The type of bond sought is identified. Approval of the bond is requested over the computer network and a decision on the bond request is obtained over the network. The approval decision includes an authorization code that is presented at a bid letting along with the contractor's bid. The authorization code permits an owner/obligee to view an approved bond through the computer network.

Abstract: A method, system and apparatus for obtaining a bond is disclosed. The Invention employs a computer system that has a work station in communication with a server to provide information on a contractor that is required by a surety over the computer system. The server is provided with owner/obligee information concerning a bond over the network A surety is selected to provide the bond and the identity of the surety is presented over said computer network. The type of bond sought is identified. Approval of the bond is requested over the computer network and a decision on the bond request is obtained over the network. The approval decision includes an authorization code that is presented at a bid letting along with the contractor's bid. The authorization code permits an owner/obligee to view an approved bond through the computer network.

Abstract: A method, system and apparatus for obtaining a bond is disclosed. The invention, employs a computer system that has a work station in communication with a server to provide information on a contractor that is required by a surety over the computer system. The server is provided with owner/obligee information concerning a bond over the network A surety is selected to provide the bond and the identity of the surety is presented over said computer network. The type of bond sought is identified. Approval of the bond is requested over the computer network and a decision on the bond request is obtained over the network. The approval decision includes an authorization code that is presented at a bid letting along with the contractor's bid. The authorization code permits an owner/obligee to view an approved bond through the computer network.

Abstract: A method, system and apparatus for obtaining a bond is disclosed. The invention employs a computer system that has a work station in communication with a server to provide information on a contractor that is required by a surety over the computer system. The server is provided with owner/obligee information concerning a bond over the network A surety is selected to provide the bond and the identity of the surety is presented over said computer network. The type of bond sought is identified. Approval of the bond is requested over the computer network and a decision on the bond request is obtained over the network. The approval decision includes an authorization code that is presented at a bid letting along with the contractor's bid. The authorization code permits an owner/obligee to view an approved bond through the computer network.