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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a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®
I cannot provide enough positive feedback regarding ProShred Arizona. Patty, Joe, and the entire Proshred Arizona team consistently exceeding expectations. Proshred Arizona also... read moreI cannot provide enough positive feedback regarding ProShred Arizona. Patty, Joe, and the entire Proshred Arizona team consistently exceeding expectations. Proshred Arizona also regularly supports community causes. I highly recommend working with Proshred Arizona for all of your document destruction and shredding needs. read less
Jason2/04/2014These are the guys to use!!! I would definitely recommend...
Brock12/20/2016PROSHRED is perfect for our small business. Excellent service. Very affordable. Friendly Staff. We highly recommend them.
Wendy10/30/2017Great friendly service. Nice knowing my confidential document info was completely destroyed.
Angela3/05/2015Love 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
Jill7/05/2017We recently used Proshred following our move here. They were excellent and I would recommend them to anyone. They worked with us on... read moreWe recently used Proshred following our move here. They were excellent and I would recommend them to anyone. They worked with us on a time to arrive and were right on schedule. It was all out of the house and shredded in less than 20 minutes. We had 5 totes of papers which would have cost a fortune at the other facilities I called. read less
Jane6/17/2016Emmanuel is professional, friendly and a fast worker. Thank you for great service!
Jim7/20/2017-
Pro Shred always goes beyond the call of duty to keep everyone happy. Their service is excellent!
Vincent1/28/2019 Did exactly what they said they would for the amount agreed to!
Marcia7/23/2017PROSHRED is great at what they do. They are prompt, knowledgeable and friendly. and definitely a business to utilize.
Caitlin5/22/2017ProShred 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 less
Don2/12/2016ProShred is reliable, efficient and gets the job done. They are affordable and took care of all my needs. We were able to... read moreProShred is reliable, efficient and gets the job done. They are affordable and took care of all my needs. We were able to reorganize and properly discard documents so that information was securely destroyed. We have already set up another date for shredding. Great service and friendly employees. read less
Stacey5/14/2018Great company to do business with! Very professional & friendly. I recently used them for several boxes, and the company I work for has... read moreGreat company to do business with! Very professional & friendly. I recently used them for several boxes, and the company I work for has used them many times. Very reasonable rates. read less
Audrey8/21/2018Great service, great prices, what more could you want?
Simone2/09/2017-
Fast, reliable and communicated clearly with us in regards to how everything would take place. It was a great experience!
Lauren2/18/2019
