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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a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®
ProShred does an excellent job with our shedding needs. The person who comes by and picks up is always friendly and makes sure we all... read moreProShred does an excellent job with our shedding needs. The person who comes by and picks up is always friendly and makes sure we all have put our shedding in the container.
Great valve!!!! read lessDon2/12/2016Pro Shred was awesome. Our service tech, Robert, was fantastic. He was professional and did a wonderful quick job. We have used... read morePro Shred was awesome. Our service tech, Robert, was fantastic. He was professional and did a wonderful quick job. We have used this company several times and would highly recommend them. read less
Trish10/03/2018Love 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
Jill7/05/2017Great company! They came right to our business and carried everything out-went without a hitch!
Lynne5/12/2017A great operation. Very efficient and reasonably priced. I am in a business that requires a lot of record retention for several years, after which... read moreA great operation. Very efficient and reasonably priced. I am in a business that requires a lot of record retention for several years, after which the records need to be destroyed. Proshred does a great job. Darcy is the best. Very professional. I highly recommend them. read less
Willie6/14/2014I 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 Easton12/05/2016First class service all the way around! We are a new customer and have been impressed with pricing and service!
Sondra11/06/2017The service is reasonably priced. The staff is professional and thorough. In the past we spent lots of hours shredding documents at our medical practice... read moreThe service is reasonably priced. The staff is professional and thorough. In the past we spent lots of hours shredding documents at our medical practice and the ProShred service has saved us thousands of dollars. I highly recommend ProShred for large and small ongoing shredding jobs. read less
Maura Oreilly12/05/2014This process was very time consuming and even after we spent hours shredding documents we worried if the information was securely disposed off when we... read moreThis process was very time consuming and even after we spent hours shredding documents we worried if the information was securely disposed off when we threw it in the recycling. Now we have no worries and all we do is fill their box and they take care of all our problems. read less
Victor Solarte12/05/2014PROSHRED is great at what they do. They are prompt, knowledgeable and friendly. and definitely a business to utilize.
Caitlin5/22/2017Thank you so much for all of your help and quality service. We couldn't be happier with the service we have received from you.... read moreThank you so much for all of your help and quality service. We couldn't be happier with the service we have received from you. Our contact Alicia Babin has been outstanding to work with. Highly recommend this company! read less
Kim6/20/2018Pro-Shred is the greatest thing ever, best $$$$ ever spent. The guy who shredded my documents was courteous, friendly and professional. Years of paper clutter... read morePro-Shred is the greatest thing ever, best $$$$ ever spent. The guy who shredded my documents was courteous, friendly and professional. Years of paper clutter was gone within minutes, as I stood and watched. Thank you Pro-Shred! read less
Elaine9/01/2016Excellent service at great rates! Would definitely use this company again.
Penni1/09/2015Very easy to setup an account, very professional and courteous staff, always on time and deliver great service at a great price! Would Recommend... read moreVery easy to setup an account, very professional and courteous staff, always on time and deliver great service at a great price! Would Recommend especially for small businesses! read less
Michael Bohm12/05/2016I LOVE Proshred! I have been with them almost a year and I couldn't be happier with the results. Fast, friendly service and no more... read moreI LOVE Proshred! I have been with them almost a year and I couldn't be happier with the results. Fast, friendly service and no more time spent "hanging out" by the shredder for me or my employees. We drop it in the bin and from our minds. read less
Nicole Kleidon12/05/2016
