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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a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®
We 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 p11/05/2019Pro Shred is amazing!! I cannot say enough about this company. Start up is simple and hassle free. They are willing to work out... read morePro Shred is amazing!! I cannot say enough about this company. Start up is simple and hassle free. They are willing to work out any changes with total ease. The pricing is fantastic and the crew is always friendly.I've used Pro Shred at several companies, and they do not disappoint! Thank you!!MARIA HULLFinancial ManagerSatko Oral Surgery read less
Satko Oral Surgery Oral surgery12/05/2018Great service, great prices, what more could you want?
Simone2/09/2017Been using their services for over a year and am always impressed by the level of professionalism exhibited. Always prompt, always on-time, always courteous, and... read moreBeen using their services for over a year and am always impressed by the level of professionalism exhibited. Always prompt, always on-time, always courteous, and always fair in pricing. What more can one ask in a service? They are simply the best shredding company one can use - bar none! read less
John G Kaleel12/05/2018They are awesome!!!! They do a great, professional job and provide excellent customer service. I highly reccomend them!
Brian4/16/2015They did a great job. On time and very professional.
Scot2/05/2019Proshred is a great team to do business with. They Care...simple as that !!! They will come to where you are and shred all... read moreProshred is a great team to do business with. They Care...simple as that !!! They will come to where you are and shred all of your documents, right then, and there....they make it easy..... read less
Rinny2/22/2017ProShred just came to my house and shredded every document I've been collecting since 1994. Extremely friendly, efficient, and reasonably priced! I will definitely be... read moreProShred just came to my house and shredded every document I've been collecting since 1994. Extremely friendly, efficient, and reasonably priced! I will definitely be using this service again. Highly recommend! read less
Natalie10/17/2018ProShred was really helpful in instruction on how they quote. They were very prompt and reasonable pricing. The person who done our work... read moreProShred was really helpful in instruction on how they quote. They were very prompt and reasonable pricing. The person who done our work order was quick, and very efficient. I would highly recommend them. read less
Diane11/01/2016I hesitated to spend the money, but I am glad I did and got all those bags of paper shredded so quickly and efficiently. Good service.
Wendy Easton12/05/2016ProShred is easy and inexpensive.I have limited need for shredding services--every year or two, I need to shred some old credit card slips and bank... read moreProShred is easy and inexpensive.I have limited need for shredding services--every year or two, I need to shred some old credit card slips and bank statements and such. It is always very easy to load 8-10 boxes of stuff in the back of my station wagon, drive it over to ProShred and then unload it into a bin, pay the fee and I'm on my way. Easy peasy. The staff is aways friendly and cheerful; they will do my shredding for the foreseeable future. read less
Dave5/09/2017Great service at a great price - will definately recommend to anyone who needs to get rid of information.
Simone11/13/2015Proshred provides a courteous, on time solution for business. We have used them for a few years and plan to continue using ProShred for many... read moreProshred provides a courteous, on time solution for business. We have used them for a few years and plan to continue using ProShred for many years to come! read less
Sarah Hamilton12/05/2016-
Excellent service!!! No problems with service provided. People were nice and polite with showing how their mobile machine works.
Bruce9/20/2018 Great service and fast to answer any questions and help with any issues. We use ProShred for all our companies.
Kyle12/06/2017
