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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a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®
Great service at a great price - will definately recommend to anyone who needs to get rid of information.
Simone11/13/2015We 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
Mark7/21/2017-
Quick, friendly service! Will be visiting them again.
Rw6/20/2019 Thank you Proshred for an amazing service this morning. Scotty and Ryan we're pleasant, professional and fast! They made the experience enjoyable at... read moreThank you Proshred for an amazing service this morning. Scotty and Ryan we're pleasant, professional and fast! They made the experience enjoyable at an emotional time. Mary in the office was extremely gracious and helpful, as well. Thank you all for being a local business with integrity and care. read less
Debz6/15/2018Pro Shred always takes care of the shredding needs at our place of business. I find Ken and his team to be totally professional,... read morePro Shred always takes care of the shredding needs at our place of business. I find Ken and his team to be totally professional, fairly priced, and easy to work with. I recommend them whenever I can. read less
Kandie9/22/2017-
Very easy to schedule, excellent customer service. Feeling secure our documents are effectively shredded.
Heather1/19/2019 Just used Proshred services for the second time!! They are quick, easy to work with and very efficient. Love that I get to see the... read moreJust used Proshred services for the second time!! They are quick, easy to work with and very efficient. Love that I get to see the destruction of documents. Cannot wait to use them again next year!! read less
Kelly8/02/2017Pro-Shred is the best thing since sliced bread, and a must for any work-from-home professional. Stop wasting time and money on those forever-jamming... read morePro-Shred is the best thing since sliced bread, and a must for any work-from-home professional. Stop wasting time and money on those forever-jamming dusty and noisy paper shredders. Let Proshred deal with all. read less
Aaron5/13/2017Great company! They came right to our business and carried everything out-went without a hitch!
Lynne5/12/2017Proshred 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
Rinny2/22/2017-
Pro Shred always goes beyond the call of duty to keep everyone happy. Their service is excellent!
Vincent1/28/2019 Worth every penny! Friendly staff and convenient home service. Highly recommend!
Jennifer7/09/2017We recently used Proshred following our move here. They were excellent and I would recommend them to anyone. They worked with us on... read moreWe recently used Proshred following our move here. They were excellent and I would recommend them to anyone. They worked with us on a time to arrive and were right on schedule. It was all out of the house and shredded in less than 20 minutes. We had 5 totes of papers which would have cost a fortune at the other facilities I called. read less
Jane6/17/2016ProShred 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
Natalie10/17/2018-
Fast, reliable and communicated clearly with us in regards to how everything would take place. It was a great experience!
Lauren2/18/2019
