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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a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®
After calling four companies to compare shredding services, two of which never returned my call I spoke to Adria at ProShred. Based on the... read moreAfter calling four companies to compare shredding services, two of which never returned my call I spoke to Adria at ProShred. Based on the friendly, courteous and informative customer service, along with the inexpensive quote we scheduled an appointment. We were able to schedule within days of my initial call. The employee who handled the shredding was very professional. We will definitely be contacting ProShred for all of our shredding needs in the future. Thank you so much for the great service. read less
Annette1/26/2017A customer-focused professionally-run company that comes to your house and shreds your private papers as you watch for a surprisingly reasonably price!!! Gave... read moreA customer-focused professionally-run company that comes to your house and shreds your private papers as you watch for a surprisingly reasonably price!!! Gave me estimate over the phone which turned out to be accurate for shredding my 15 large garbage bags of personal papers -- $167 to get it all gone. read less
Pat8/02/2017Proshred is well managed by staff who are honest and very customer focused. Whenever I am asked for a recommendation for shredding service, I always... read moreProshred is well managed by staff who are honest and very customer focused. Whenever I am asked for a recommendation for shredding service, I always point to ProShred. read less
Jenny9/01/2017Great friendly service. Nice knowing my confidential document info was completely destroyed.
Angela3/05/2015Really friendly staff, professional, quick to load
Gecko Guy12/05/2017I 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 Ross12/05/2014I 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 R12/05/2014This was a great experience. It was quick and I saw my documents being shredded
Pam3/23/2017Proshred of Houston was a great experience. Travis Price, the driver was courteous and completed the job quickly.
Judy9/12/2018I have known and worked with Nguyen Violette for many years. He is dedicated to offering the best possible customer service! I can not recommend... read moreI have known and worked with Nguyen Violette for many years. He is dedicated to offering the best possible customer service! I can not recommend them highly enough! read less
Jennifer11/16/2017Great business and great people. I've been using Proshred on and off for a few years. Always a good and easy experience.
Clayton Quasny12/05/2018Thank 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
Kim6/20/2018Excellent to work with. Scheduling and process was easy, convenient and stress free. Will keep using Proshed and will kindly recommend.
Felicia Shotkoski12/05/2014First class service all the way around! We are a new customer and have been impressed with pricing and service!
Sondra11/06/2017Cannot 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 Oliver12/05/2016
