The Fair and Accurate Credit Transactions Act
What is FACTA?
Signed into law on December 4, 2003, the Fair and Accurate Credit Transactions Act (FACTA) is federal legislation aimed at the prevention and penalization of consumer fraud and identity theft. Administered by the Federal Trade Commission (FTC), the FACTA Disposal Rule has been in effect since June 1, 2005. The Disposal Rule puts in place requirements for proper document disposal and destruction and recognizes the problems that can and do arise when private information is disposed of in an irresponsible manner.
Who is affected by FACTA?
FACTA applies to virtually all persons and businesses in the United States, mandating that “any person who maintains or otherwise possesses consumer information, or any compilation of consumer information, for a business purpose must properly dispose of such information by taking reasonable measures to protect against unauthorized access to or use of the information in connection with its disposal.”
Under FACTA, consumer information is defined as personal identifying materials which extend beyond just a person’s name, including:
- A social security number
- A driver’s license number
- A phone number or e-mail address
- A physical address
To comply with the FACTA Disposal Rule, businesses and individuals must take “reasonable measures” to ensure such information does not fall into the wrong hands. Reasonable measures include the “burning, pulverizing, or shredding” of paper documents, such as the contracting of a third-party engaged in the document destruction business to dispose of confidential information in a manner consistent with the Act.
Failure to abide by FACTA may result in stiff penalties. Victims are entitled to actual damages sustained due to incompliance; they may also seek statutory damages, and, in some cases, file class-action suits. Federal and state authorities are also empowered to bring legal enforcement actions against businesses that violate the Act.
Your Partner in Regulatory Compliance
By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a document disposal program that meets FACTA laws. Using state-of-the-art technology, our highly trained and certified security professionals efficiently shred all documents right on your premises. We give you the option to watch the shredding process, and also provide you with a Certificate of Destruction that records each shred. Trust PROSHRED® as your partner in compliance with FACTA shredding requirements for maintaining your document security program.
For more information on the Fair and Accurate Credit Transactions Act (FACTA), visit: Federal Trade Commission
What Are People Saying About PROSHRED®
Yeah! Bravo! Great!
excellent company; excellent work; excellent employer!Robin1/03/2015I have known and worked with Nguyen Violette for many years. He is dedicated to offering the best possible customer service! I can not recommend... read moreI have known and worked with Nguyen Violette for many years. He is dedicated to offering the best possible customer service! I can not recommend them highly enough! read less
Jennifer11/16/2017I recently signed up my company, The Leukemia & Lymphoma Society, to receive monthly service from Proshred. I could not have made a better decision.... read moreI recently signed up my company, The Leukemia & Lymphoma Society, to receive monthly service from Proshred. I could not have made a better decision. They are always timely and secure and, most importantly for a nonprofit, are incredibly well priced. I used to put off cleaning out my locked file cabinet due to the amount of time I would spend sitting by the shredder. With Proshred, I can ensure that all of our constituent's sensitive information is treated with care and security, and I don't even have to think twice about it. Thank you, Proshred! read less
Ashleigh Ross12/05/2014Called today to schedule service and they're coming next week. They were as pleasant and efficient on the phone as they were accommodating.
Molly K12/05/2016We had proshred come to our shop. The gentleman who arrived was fast and efficient and very nice. From pricing to completion everything... read moreWe had proshred come to our shop. The gentleman who arrived was fast and efficient and very nice. From pricing to completion everything went very smooth.
Thanks for the help,
JAKES Industrial, Inc. read lessLisa1/18/2018truck came to my house, gentleman was very nice. Shredded my documents in about 10-15 mins. It was worth every penny. Very reasonable
Glenda6/16/2018Excellent, timely and professional service. But, that's not all: this is a company that GIVES BACK to our communities - by being an active... read moreExcellent, timely and professional service. But, that's not all: this is a company that GIVES BACK to our communities - by being an active and supportive MEMBER of the Midstate Chamber of Commerce AND they also go above and beyond and host special COMMUNITY shredding events throughout the year, and some of those benefit charitable organizations. That deserves more than 5 stars... read less
Rosanne12/19/2016We visited ProShred in Tinley Park. We had about 97 lbs. of paper to shred. We called ahead to be sure we could just... read moreWe visited ProShred in Tinley Park. We had about 97 lbs. of paper to shred. We called ahead to be sure we could just walk in. The tech was friendly, service was efficicient, and the price was very reasonable. Definitely recommend! read less
joann p11/05/2019Great service have been very satisfied, thank you!
Walter Sheldon12/05/2016We just had Adam shredding our documents at Lambert & Pryor Insurance in Feeding Hills, MA. Very nice, professional, and hard working. A++... read moreWe just had Adam shredding our documents at Lambert & Pryor Insurance in Feeding Hills, MA. Very nice, professional, and hard working. A++ to you and your firm. Thank you. read less
Mark7/21/2017These are the guys to use! Very professional and what a pleasure to do business with. I would only use Proshred for #shredding in Minnesota!
Brock12/01/2016This is a great service for our Company to have. Drivers are polite, professional, and always on time. Affordable option for security and environmental issues.
Denise O'Neill12/05/2014First time using this service on a walk-in Saturday event. Convenient, fast, easy service and the staff was great! Prices reasonable compared to the amount... read moreFirst time using this service on a walk-in Saturday event. Convenient, fast, easy service and the staff was great! Prices reasonable compared to the amount of personal shredders I have gone through. I will be back again! read less
Shaunese Henry4/05/2019We have used then the last two years and they are very secure and very professional and they are in and out in no time.
Diana11/09/2017
