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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a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®
Excellent service at great rates! Would definitely use this company again.
Penni1/09/2015Cannot say enough good things about Proshred. Professional, timely service. Excellent customer service. Top-tier security that not only provides peace of mind... read moreCannot say enough good things about Proshred. Professional, timely service. Excellent customer service. Top-tier security that not only provides peace of mind but also helps keep our firm compliant with regulatory requirements. Great pricing and a local company! Highly recommended! read less
Meredith Oliver12/05/2016Pro 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 surgery12/05/2018Good, Professional Service. We will continue to use them for our future shredding needs!
Mike Mackaluso12/05/2014We were looking for a shredding service that we could trust and fairly priced. Proshred is perfect for both. They come pick up... read moreWe were looking for a shredding service that we could trust and fairly priced. Proshred is perfect for both. They come pick up and you can watch via the video screen on the outside of the truck your items being shredded onsite! No mystery about where your documents are being taken! Destruction notice issued immediately. Pickups are scheduled and they arrive at the designated time you are given. I highly recommend Proshred for all your document shredding needs! read less
Valorie Peck12/05/2014Proshred has proven to be a very professional, reliable and customer-oriented business and we love using them! We have trusted them with our sensitive document... read moreProshred has proven to be a very professional, reliable and customer-oriented business and we love using them! We have trusted them with our sensitive document shredding and recycling needs for years and they never disappoint! I would highly recommend them for your business. read less
Kali Holstein12/05/2016ProShred was great! Very prompt and very affordable! Harold was very nice and helped in so many ways! Would definitely recommend them and use... read moreProShred was great! Very prompt and very affordable! Harold was very nice and helped in so many ways! Would definitely recommend them and use them again! Thanks guys!!! read less
Craig3/03/2017I recently signed up my company, The Leukemia & Lymphoma Society, to receive monthly service from Proshred. I could not have made a better decision.... read moreI recently signed up my company, The Leukemia & Lymphoma Society, to receive monthly service from Proshred. I could not have made a better decision. They are always timely and secure and, most importantly for a nonprofit, are incredibly well priced. I used to put off cleaning out my locked file cabinet due to the amount of time I would spend sitting by the shredder. With Proshred, I can ensure that all of our constituent's sensitive information is treated with care and security, and I don't even have to think twice about it. Thank you, Proshred! read less
Ashleigh Ross12/05/2014Our experience with Proshred was fantastic. They came out in within 24 hours and were very fast, professional and friendly. They answered all of our... read moreOur experience with Proshred was fantastic. They came out in within 24 hours and were very fast, professional and friendly. They answered all of our questions regarding the shredding process and also provided us with a Certificate of Destruction upon completion. Our sales rep is great and we will continue to use their services for years to come. THANKS AGAIN PROSHRED! read less
Lisamarie Tiritilli12/05/2014Loved working with PROSHRED! Their rates were competitive and the on-site shredding was easy and painless. I'll be sure to use them next year!
Sarah9/06/2017ProShred 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
Diane11/01/2016Our office has used Proshred for all of our document destruction for the past several years. The sales and scheduling staff have been very... read moreOur office has used Proshred for all of our document destruction for the past several years. The sales and scheduling staff have been very accommodating to meet our scheduling requirements. The drivers always call ahead and are courteous and friendly upon arrival. We feel confident that when confidential documents leave our office, they are being handled in a safe and secure manner since shredding is completed on site. Proshred is highly recommended by our office. read less
Laura Lestinsky12/05/2014Called today to schedule service and they're coming next week. They were as pleasant and efficient on the phone as they were accommodating.
Molly K12/05/2016Highly recommend; always courteous and professional
Sherry Pawlus12/05/2016Proshred is a great company to work with. It is very affordable for the quality of service. I would highly recommend them!
Megan Miller12/05/2014
