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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a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®
Very professional and good rates. We have use their services a couple of times and have been very happy.
Becky7/10/2017Proshred is fast and reliable. Definitely worry free of all your documents to be shredded. I have recommemded them to my friends.
Miel Dolot12/05/2014-
Wonderful service! Terry is friendly and always willing to help!
Norma1/08/2019 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 p11/05/2019First class service all the way around! We are a new customer and have been impressed with pricing and service!
Sondra11/06/2017Take everything you want to be shredded there and they will do it for you on the spot.
Kevin Bowen7/05/2019Love that they come to your home (or place of business). Felt good about our documents being completely shredded. You can watch it... read moreLove that they come to your home (or place of business). Felt good about our documents being completely shredded. You can watch it being done. read less
Jill7/05/2017ProShred came highly recommended to me for a recent fundraising event. Now I can highly recommend them based on their excellent service, professionalism and... read moreProShred came highly recommended to me for a recent fundraising event. Now I can highly recommend them based on their excellent service, professionalism and assistance in helping with our event. Their personnel were excellent to work with and they gave us great guidance as we put our program together. Thanks to ProShred for a job well done. read less
Robin12/02/2017Simone and her team are truly dedicated to making it extremely simple for your company to destroy any and all of your documentation. The peace... read moreSimone and her team are truly dedicated to making it extremely simple for your company to destroy any and all of your documentation. The peace of mind you get from knowing it was taken care of properly without any liability concerns is priceless. read less
Brett6/25/2015This company is fantastic! Simple and easy to get a quote over the phone, quick turnaround for an appointment and the technician they sent out... read moreThis company is fantastic! Simple and easy to get a quote over the phone, quick turnaround for an appointment and the technician they sent out was wonderful! It turned out to be a bigger job than originally anticipated and he worked extra fast to still get it all done in time. Money well spent! read less
Jenny11/23/2016These are the guys to use!!! I would definitely recommend...
Brock12/20/2016Everything with Proshred is easy, peasy, lemon squeezy. They show up, take the stuff off our hands and shred it. Shortly thereafter they... read moreEverything with Proshred is easy, peasy, lemon squeezy. They show up, take the stuff off our hands and shred it. Shortly thereafter they email me an invoice and a Cetificate of Destruction that we can file away digitally for future reference. Their rates are good too - we did a lot of research before choosing Proshred and are very happy with their service. read less
Deborah Meade12/05/2014This was a great experience. It was quick and I saw my documents being shredded
Pam3/23/2017Yeah! Bravo! Great!
excellent company; excellent work; excellent employer!Robin1/03/2015Great service have been very satisfied, thank you!
Walter Sheldon12/05/2016
