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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a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®
These are the guys to use! Very professional and what a pleasure to do business with. I would only use Proshred for #shredding in Minnesota!
Brock12/01/2016Our 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 Lestinsky12/05/2014I started Utilizing Proshred about 3 months ago, and my experience has been wonderful. A lot of the information we handle is extremely confidential, and... read moreI started Utilizing Proshred about 3 months ago, and my experience has been wonderful. A lot of the information we handle is extremely confidential, and they do a good job at assuring documents are shred. I would recommend their services to anyone. read less
Aura Mendoza12/05/2014The best place to do your paper shredding and electronics destruction.
John Callaghan12/05/2017Great service and fast to answer any questions and help with any issues. We use ProShred for all our companies.
Kyle12/06/2017We feel very safe in using ProShred to destroy private business documents. This comfort level comes with seeing same employee come each month to... read moreWe feel very safe in using ProShred to destroy private business documents. This comfort level comes with seeing same employee come each month to service our account since signing on years ago. He is always courteous, knowledgable, professional and happy! Tracy Curran, President J. J. Curran & Son, Inc. read less
Tracy4/27/2017Our office, Blair | Caravelli | Irmen Law, LLC has been using ProShred regularly. Excellent service!
Alia Caravelli12/05/2016ProShred 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
Don2/12/2016We 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 less
Lisa1/18/2018Working with Greg was a great experience! Between the call-backs, rescheduling due to weather and making sure I knew when his team would be at... read moreWorking with Greg was a great experience! Between the call-backs, rescheduling due to weather and making sure I knew when his team would be at my home was all very professional. Hi team came on time, did what they told me they would do and did it in a very professional manner. I highly recommend Proshed! Will definitely use them again! read less
Ramon1/25/2018They were professional and kind and even took me in to see how they weigh and shredded my documnets.
Tareq Sweis12/05/2014I have received nothing but the best service from Proshred. From coming in my business & giving me a quote - to our monthly service.... read moreI have received nothing but the best service from Proshred. From coming in my business & giving me a quote - to our monthly service. Wonderful people!! read less
Michelle Agena12/05/2014Highly recommended. Fast professional service.
Rose Simone Bradford12/05/2016-
Dropped off boxes of stuff we’ve held onto for far too long. So easy, affordable, and great service.
Martha8/04/2019
