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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company with FACTA shredding services while maintaining a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®
Convenient 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 Kirk12/05/2018ProShred is a great company to work with! They are very helpful and the people working there are nice people. We have been... read moreProShred is a great company to work with! They are very helpful and the people working there are nice people. We have been a customer for several years and they have never disappointed us. Give them the opportunity to help you!Dawn NowakQuestcor read less
Dawn Nowak12/05/2014Our 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 Dixon12/05/2016Thank 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
Kim6/20/2018Really friendly staff, professional, quick to load
Gecko Guy12/05/2017Our office, Blair | Caravelli | Irmen Law, LLC has been using ProShred regularly. Excellent service!
Alia Caravelli12/05/2016Great service, great prices, what more could you want?
Simone2/09/2017ProShred 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
Robin12/02/2017Our Company used Proshred in February and Jim called the morning as he said he would do. He was on time and did what... read moreOur Company used Proshred in February and Jim called the morning as he said he would do. He was on time and did what they promised to do. I plan to use them the next time we need this done. I would recommend them for all your shredding needs.J. Johnson read less
Julie Johnson12/05/2014The best place to do your paper shredding and electronics destruction.
John Callaghan12/05/2017Cannot 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 Oliver12/05/2016First class service all the way around! We are a new customer and have been impressed with pricing and service!
Sondra11/06/2017This process was very time consuming and even after we spent hours shredding documents we worried if the information was securely disposed off when we... read moreThis process was very time consuming and even after we spent hours shredding documents we worried if the information was securely disposed off when we threw it in the recycling. Now we have no worries and all we do is fill their box and they take care of all our problems. read less
Victor Solarte12/05/2014Very professional and good rates. We have use their services a couple of times and have been very happy.
Becky7/10/2017Everything with Proshred is easy, peasy, lemon squeezy. They show up, take the stuff off our hands and shred it. Shortly thereafter they... read moreEverything with Proshred is easy, peasy, lemon squeezy. They show up, take the stuff off our hands and shred it. Shortly thereafter they email me an invoice and a Cetificate of Destruction that we can file away digitally for future reference. Their rates are good too - we did a lot of research before choosing Proshred and are very happy with their service. read less
Deborah Meade12/05/2014
