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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a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 have been very satisfied, thank you!
Walter Sheldon12/05/2016Pleasant, Great Company, Trust Worthy, enjoy the peace of mind knowing that our sensitive materials are in good hands!
Eddie7/07/2017This was a great experience. It was quick and I saw my documents being shredded
Pam3/23/2017We 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 lessLisa1/18/2018Great company!! Very friendly staff! Will definitely recommend!
Tiffany L12/05/2018The 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 Oreilly12/05/2014Great Customers Service and helpful staff! Within minutes of my inquiry I had a response!
Mary B12/05/2014I would highly recommend Proshred. Their truck met us at the shredding location. The employees were very professional. Would definitely use Proshred... read moreI would highly recommend Proshred. Their truck met us at the shredding location. The employees were very professional. Would definitely use Proshred for future shredding. read less
Carol R12/05/2014truck came to my house, gentleman was very nice. Shredded my documents in about 10-15 mins. It was worth every penny. Very reasonable
Glenda6/16/2018Pro 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
Kandie9/22/2017Awesome service! I would certainly highly recommend using Proshred for your business, they are very efficient and always a pleasure to work with.
Pearl Chitava12/05/2016Proshred 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 Hamilton12/05/2016Had to use them for my company. They were reliable and trustworthy shredding company.
Candee Sheley12/05/2016Great service and fast to answer any questions and help with any issues. We use ProShred for all our companies.
Kyle12/06/2017Really friendly staff, professional, quick to load
Gecko Guy12/05/2017
