Fair and Accurate Credit Transactions Act (FACTA)
What is the Fair and Accurate Credit Transactions Act (FACTA)?
FACTA is the Fair and Accurate Credit Transaction Act. This is a federal law that applies to every business in the great state of California and throughout the United States. FACTA was created to reduce and eliminate the risk of fraud as well as identity theft. Any business or company that incorrectly disposes of confidential information can be subjected to extremely high fines of up to $2500 per file.
Who is subject to FACTA Compliance?
This is a federal law that applies to every business in the great state of California and throughout the United States. Virtually all organizations in California must comply with FACTA. As a business owner, it is your obligation to protect private information surrounding your employees and customers. Systems that print payment card receipts must employ PAN truncation (personal account number truncation) so that the consumer’s full account number isn’t visible on the slip. There are significant penalties for merchants who do not comply and expose too much credit card information.
What are my Rights Under FACTA?
As a consumer, this legislation gives you unique tools to fight identity theft and provides you with ongoing access to the most dynamic credit markets across the world. You may request credit reports from the three major credit reporting agencies, and receive these at no charge. Consumers can place an alert message on their files if they suspect they have been victims of fraud. Under FACTA, corporations are mandated to properly dispose of your sensitive information to protect your information, preventing unauthorized exposure. You also have the right to be informed of any suspicious activity or acts of information theft immediately.
Who does FACTA Protect?
FACTA (Fair and Accurate Credit Transactions Act) is an amendment to FCRA (Fair Credit Reporting Act ) that was added, predominantly, to protect consumers from the risks of identity theft.
Why is FACTA Important?
Credit is simply crucial when it comes to qualifying for a mortgage because it impacts the specific terms of your mortgage. Good credit can have a significant impact on the process, whether you are financing a home or purchasing a new home. There’s a reason you hear a lot about the importance of your credit score, and that is one of the major aspects that lenders analyze to determine whether or not you qualify for a loan. If you fall victim to identity theft, this can have a major impact on your credit score and could determine whether or not you receive financial assistance. After noticing this negative impact, a new law was introduced in 2003 to combat identity theft; The Fair and Accurate Credit Transactions Act. (FACTA). Since implementation, FACTA has implemented a series of rules meant to help you, the consumer.
Where can I find more information about FACTA?
To learn more, visit this link: https://searchfinancialsecurity.techtarget.com/definition/PAN-truncation
What People Are Saying About PROSHRED®
Amazing Customer Service! I called prior to heading to the Pleasanton location and was informed the price, and exactly what to do. Upon arrival, I... read moreAmazing Customer Service! I called prior to heading to the Pleasanton location and was informed the price, and exactly what to do. Upon arrival, I went into the office paid, and sent my employee around back with the banker boxes. Michael was back there and instantly started helping unload the banker boxes from the vehicle. The lady at front desk was kind enough to give me a hard copy receipt as well as allow me to take a short cut through their office and warehouse to where my employee was parked unloading the boxes. I would highly recommend this company based on customer service and timeliness. The price was great too! read less
Andi B.1/13/2017It couldn't have been easier! Spoke with Angel - she's great. She gave me an appointment time window. The truck arrived a little earlier than... read moreIt couldn't have been easier! Spoke with Angel - she's great. She gave me an appointment time window. The truck arrived a little earlier than the committed time which was perfect and the shredding was done in a flash! I am not sure why I waited so long to get rid of all these old documents. Affordable and very very easy ... read less
Steve G.3/17/2016We have used ProShred now about 10 times, at a few of our locations for work. They are ALWAYS very professional on the phone... read moreWe have used ProShred now about 10 times, at a few of our locations for work. They are ALWAYS very professional on the phone (and super nice - even the owner answers the phone sometime) They show up when they say, the drivers who come are also very nice and professional and are presentable. They work quick without making a huge mess. I would recommend them anytime you need shredding done, no matter big or small! read less
Tiffany B.2/29/2016Our shredding service sold to another Company and that service was awful. Had seen the Proshred trucks in my area and gave them a... read moreOur shredding service sold to another Company and that service was awful. Had seen the Proshred trucks in my area and gave them a call and spoke to Mike who couldn't have been more accommodating. So glad I called them as their customer service has been exceptional. Our driver always greets us, has a smile on his face and just a pleasure to work with. Highly recommend. read less
Sandy P.9/12/2018Was getting prepared to move and realized I had bills dating back to 1999... I was totally stressed about how to shred all this confidential... read moreWas getting prepared to move and realized I had bills dating back to 1999... I was totally stressed about how to shred all this confidential info and how long it would take to do so!! I decided to look up shredding companies and as a fluke came across Pro SHRED.. THANKS GOD I did... they came to my house let me watch the shredding process, sent me a invoice and document confirming the shred.. I worked with Angel and her names fits she was an angel!! I LOVED this company. Everyone has been super friendly courteous prompt and easy to deal with! If everything in life could go as smoothly!! I will for sure recommend you to my clients and friends. read less
Debbie C.2/09/2017SOOOO amazing!!! It was easy and painless. The shred truck came this morning, took 10 minutes, and we are all done!!! Angel was friendly and... read moreSOOOO amazing!!! It was easy and painless. The shred truck came this morning, took 10 minutes, and we are all done!!! Angel was friendly and helpful. It was super easy to schedule for the shredding truck. The driver was courteous and efficient. I even got to watch the monitor as the machine shredded all my papers. Will not hesitate to use them again!! read less
Patti S.9/11/2020Super awesome company! Used them for first time this last week. Booking was super fast and the owner herself calls you, no-nonsense, no hidden fees.... read moreSuper awesome company! Used them for first time this last week. Booking was super fast and the owner herself calls you, no-nonsense, no hidden fees. Guy came to me today. 22 boxes & a hard drive & seriously a great price! They are green and don't charge by box, charges by the trash bin. I filled 2 & not even a 1/4 of a third. Was on time, done in 20 minutes. Super rad. Left me all my boxes so I can go back and fill them up as I need, but hopefully I won't need them all, as I've gone green in the last 9 years!Fredrick was extremely nice & professional, even at 7 am!! Will definitely use them again. read less
Traci H.10/19/20172 years later and we're all still (very!) happy with our service experience w/ ProShred. Great customer service and quick communication. Angel is a dream... read more2 years later and we're all still (very!) happy with our service experience w/ ProShred. Great customer service and quick communication. Angel is a dream to work with! read less
Julia J.3/11/2019Proshred is pretty awesome if you're not into sitting down in front of your Fellowes/Amazon shredder for hours to get rid of old taxes/title/house plan... read moreProshred is pretty awesome if you're not into sitting down in front of your Fellowes/Amazon shredder for hours to get rid of old taxes/title/house plan drawings/credit reports or whatnot.Since we were short on time to drop off 4 bankers boxes full of paper, we opted to have them drive to the house and shred right then and there.Driver was actually early and it was fun watching years worth of paper on a video monitor turn to little bits of paper.We also had a box of old hard drives, 3.5 floppy disks (!!!) that they shred at their home base, it's an added cost but since I don't have the wherewithal to drill holes in the hard drive so be it.I highly recommend them for the convenience and super quick shredding job! read less
Nette T.5/18/2016Excellent service from beginning to end - good pricing and so easy.I cleaned out a lot of files and had a lot of shredding to... read moreExcellent service from beginning to end - good pricing and so easy.I cleaned out a lot of files and had a lot of shredding to be done. I wanted a shredding truck to come to my home. I called about 3 companies and checked others online.Proshred in Pleasanton gave me the best price and excellent service.The person who answered the phone (owner/wife of owner) was so helpful. Thoroughly explained how much it would cost having me visualize an outside trash can. Perfect! No surprises. She was very pleasant. She made an effort to have the driver come the next day. The driver showed up on time, was very pleasant, professional and got the job done quickly. I paid the driver and got an email receipt just as I was told I would.I really like to use local businesses and this one is great. I will use them again. read less
Lynne R.8/18/2016What an amazing locally owned company! I was looking for a place to take tons of paper and I was lucky enough to see that... read moreWhat an amazing locally owned company! I was looking for a place to take tons of paper and I was lucky enough to see that Proshred San Francisco is based in Pleasanton! I went in and met a helpful and sweet receptionist. I drove my car to the back where owner Mike took over. He was so kind and thoughtful. He was able to shred all my papers and give me a great price also. I highly recommend Proshred for all your paper shredding needs. read less
Shari N.11/23/2015My office had over 33 banker's boxes of paper and we felt it was time to move on. We looked into a few other shredding... read moreMy office had over 33 banker's boxes of paper and we felt it was time to move on. We looked into a few other shredding companies, but nothing stood out. Pro shred simply had the best services and price points. Michael, the CEO, was very friendly and professional. He was able to get us scheduled for the week after we called! Romero, one of the employees, came in a few hours earlier than expected but it was at a time that worked better for us. Romero was also very friendly and helpful in terms of explaining the shredding process. I was able to watch the documents get shredded via a TV screen on the side of their truck. Overall, this is a very well run business. We will recommend them to all of our connections. read less
Andrew C.9/02/2015Proshred was a great find! 15 years of bank boxes stored in the garage finally disposed of. Extremely quick response to my request for pricing... read moreProshred was a great find! 15 years of bank boxes stored in the garage finally disposed of. Extremely quick response to my request for pricing and even more helpful when discussing the process. Their onsite quote was reasonable, but just as easy to pop over and drop the material off myself. Took less than 10 minutes to dump 15 boxes. Fantastic experience. Highly recommend! read less
Angela H.5/15/2015I just came from Proshred in Pleasanton, was greeted so warmly and kindly by the receptionist, gave me instructions on what to do, drove to... read moreI just came from Proshred in Pleasanton, was greeted so warmly and kindly by the receptionist, gave me instructions on what to do, drove to the back of building, was greeted by the owner, I believe April was her name and she was so kind, informing and professional. She took care of the process and reasonably priced, for sure my go to place from now on. read less
A Google User6/04/2019We do an annual Shred Event for our real estate business, and this Pro Shred operation is the perfect business partner. Locally owned, Mike and... read moreWe do an annual Shred Event for our real estate business, and this Pro Shred operation is the perfect business partner. Locally owned, Mike and his crew run a top notch business. Professional, the best trucks and equipment, always on time, everyone is so friendly - this is why we love and support local businesses. Keep up the great work! read less
Carol5/23/2017
