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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a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®
They came when they were scheduled...they worked quickly and efficiently...and the price was reasonable. What's not to like?
Lawrence Bloom12/05/2014Staff shows up as scheduled, on time, and are very professional. They don't waste any of your time with their efficiency. Oh, and the... read moreStaff shows up as scheduled, on time, and are very professional. They don't waste any of your time with their efficiency. Oh, and the price? No other company I found was able to beat their prices.You won't regret calling them. read less
Vickie P12/05/2014Thank you for taking care of my client's documents on site. Easy to schedule, on time and courteous!
Gabrielle2/08/2017Excellent to work with. Scheduling and process was easy, convenient and stress free. Will keep using Proshed and will kindly recommend.
Felicia Shotkoski12/05/2014Great company! They came right to our business and carried everything out-went without a hitch!
Lynne5/12/2017-
We use PROSHRED at the law firm I work for and they are excellent! They are affordable and work around our schedule. I would suggest... read moreWe use PROSHRED at the law firm I work for and they are excellent! They are affordable and work around our schedule. I would suggest them to anyone looking for a shredding service. read less
Amy1/24/2019 Our Proshred pickups are always on time and they are very friendly. We have a container in the basement and our guy never complains... read moreOur Proshred pickups are always on time and they are very friendly. We have a container in the basement and our guy never complains about having to walk up and down the flights of stairs! :) read less
Kristen Dixon12/05/2016Proshred is a prime example of how shredding companies should be. The staff is fast, helpful, and knowledgable. It is easy to build a repore... read moreProshred is a prime example of how shredding companies should be. The staff is fast, helpful, and knowledgable. It is easy to build a repore with the drivers at Proshred. Nick usually services our office and is a tremendous and friendly worker. They are 2-3 times quicker than our previous company and have proved to be reliable, efficient, and all around excellent. If you haven't made a switch to Proshred for your documents shredding, I suggest you do so. read less
William Gianakos12/05/2014PROSHRED is great at what they do. They are prompt, knowledgeable and friendly. and definitely a business to utilize.
Caitlin5/22/2017Just 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
Kelly8/02/2017ProShred came highly recommended to me for a recent fundraising event. Now I can highly recommend them based on their excellent service, professionalism and... read moreProShred came highly recommended to me for a recent fundraising event. Now I can highly recommend them based on their excellent service, professionalism and assistance in helping with our event. Their personnel were excellent to work with and they gave us great guidance as we put our program together. Thanks to ProShred for a job well done. read less
Robin12/02/2017Convenient and easy to get rid of your paperwork without having to shred yourself or worry about it falling into the wrong hands. Just call... read moreConvenient and easy to get rid of your paperwork without having to shred yourself or worry about it falling into the wrong hands. Just call ahead to make sure the truck is available and not out on a job. read less
Nancy Kirk12/05/2018Our 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 Tiritilli12/05/2014I walk in to the store when my "shred pile" builds up and they take care of it right away. Fast, friendly and available!... read moreI walk in to the store when my "shred pile" builds up and they take care of it right away. Fast, friendly and available! Thats what you want! read less
J. Tate12/05/2014We have consistently found the Pro Sred drivers to be efficient and friendly. I like that they shred on premises here.
Ken Grooms12/05/2014
