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®
I needed to clean out 30 years of documents from my Mom's garage. One phone call, one email - and we were all set.... read moreI needed to clean out 30 years of documents from my Mom's garage. One phone call, one email - and we were all set. The technician arrived on time, was courteous, and finished faster than I expected. I would use them again in a heartbeat - only it'll take another 30 years to accumulate that much stuff read less
Jonathan V.12/30/2016We host an annual Shred Event for our real restate business and this locally owned business is the type of partner we want. Professional, well... read moreWe host an annual Shred Event for our real restate business and this locally owned business is the type of partner we want. Professional, well run, the best equipment and trucks, friendly employees, on time - this is how you do it! Thank you Mike and keep up the great work!! read less
Greg S.5/23/2017I 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
Rodney Figueroa6/04/2019Awesome service! We had 80 boxes of documents to be shredded. I contacted them yesterday morning, truck was at our office at 7:15 this morning.... read moreAwesome service! We had 80 boxes of documents to be shredded. I contacted them yesterday morning, truck was at our office at 7:15 this morning. Romero worked professionally and quickly in the pouring rain. He was done in 45 minutes. I would highly recommend them & will be using their services again next year! read less
Erin R.2/07/2017I'm very happy to have discovered Proshred. Michael explained the process which worked perfectly. Your truck operator was great. I don't think... read moreI'm very happy to have discovered Proshred. Michael explained the process which worked perfectly. Your truck operator was great. I don't think it took more than five or six minutes to complete the job. Very efficient.We'll be calling again soon for another appointment. read less
John C.11/21/2017Absolutely recommend PROSHRED. The communication and service was top notch -- they made it incredibly easy to schedule a truck to come to my house... read moreAbsolutely recommend PROSHRED. The communication and service was top notch -- they made it incredibly easy to schedule a truck to come to my house and the shredding visit itself took less than 10 minutes. PROSHRED has a minimum flat rate for 10 boxes which is very reasonable for the convenience of seeing your papers shredded right in front of you without having to drive somewhere to drop off boxes or sit in front of your personal home shredder for hours at a time. Within an hour of submitting a request for a quote I got a call and email back from PROSHRED and had the service visit scheduled easily for a date/time that worked for me. They don't do weekend visits to where I live but gave me a 3 hour window on a weekday and showed up right within that time period. Thanks for the fast, friendly and efficient service! read less
M M.6/22/20202 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.3/11/2019I recently contacted Proshred for a one time residential service. Although it was a small job, Proshred staff made me feel that my job was... read moreI recently contacted Proshred for a one time residential service. Although it was a small job, Proshred staff made me feel that my job was important and that I was valued as a client. Highly recommended!Pros: Excellent customer service, timely responses, and very accommodating for my scheduling needs.Cons: None! read less
Jeanette P.10/23/2018Thank you for your prompt service and excellent customer service. Wonderful office and sales person (Angel) and really hard working shredder ( Romero). ... read moreThank you for your prompt service and excellent customer service. Wonderful office and sales person (Angel) and really hard working shredder ( Romero). Came right on time!!! Very courteous and friendly service too. Thanks!!! read less
Rodger M.5/19/2020Just like the other reviewers have said... this is such great business for the residential customer. I had some boxes of old business papers that... read moreJust like the other reviewers have said... this is such great business for the residential customer. I had some boxes of old business papers that needed shredding and didn't want to throw out. Shredding a few at a time would take like a year! I called and Angel confirmed someone would be there (because I drove out from Tracy). I showed up and 7 bankers boxes got dumped into a bin faster than I could break down the boxes for recycling! There's a recycling bin near by for cardboard boxes too. Michael unloaded for me so I didn't even have to lift anything. The cost was extremely reasonable! Very friendly service. Thank you! read less
Mike W.7/05/2017Best thing I ever did! Owners Angel and Michael were extremely responsive and helpful. Service was easy to schedule and reasonably priced. Todd was the... read moreBest thing I ever did! Owners Angel and Michael were extremely responsive and helpful. Service was easy to schedule and reasonably priced. Todd was the truck/shredder operator and was prompt, polite and helpful. He showed me a screen I could watch to see all my shredding happen live! I'd definitely do it again should the need arise and would absolutely recommend them!! read less
Stacey M.11/27/2019Yup just as they had said! Come in, pu the stuff to shred, put it in the giant shredding truck, and (here's the cool part)... read moreYup just as they had said! Come in, pu the stuff to shred, put it in the giant shredding truck, and (here's the cool part) you can watch your stuff be shredded via a vid cam! absolutely would use again.TIP: it is a $100.00/10 boxes/bags (ask some friends if they have something to shred. I only had 6 bag/boxes and was too late to have others add theirs in). read less
M.A. Z.7/16/2020Pro shred pleasanton ca
Fantastic company
Pro shred employee great
Worker fast and efficiency.
Super job well maintained
Equiptment real nice job
Today !
I highly reccomend.give them
A try you will... read morePro shred pleasanton ca
Fantastic company
Pro shred employee great
Worker fast and efficiency.
Super job well maintained
Equiptment real nice job
Today !
I highly reccomend.give them
A try you will like.the guy that
Serviced us did very nice jobk
Hard worker seem dedicated
Clean cut and fast and friendly ! read lessA Google User4/22/2019I called ProShred in the morning and was able to drop off several boxes of documents to shred right away. Very quick, convenient and... read moreI called ProShred in the morning and was able to drop off several boxes of documents to shred right away. Very quick, convenient and close to my business. I will use again! read less
Daniel H.2/08/2018Started making a calls a few weeks ago referencing Yelp adds and Michael responded back on the weekend with a quote by email, almost immediately.... read moreStarted making a calls a few weeks ago referencing Yelp adds and Michael responded back on the weekend with a quote by email, almost immediately. I eventually got through my files and took a large box of documents to their local office on West Las Positas for destruction. Office location was easy to find, folks inside were VERY friendly and assured us of all the protocol that they go through to protect the contents of the shred. I was very pleased at such a reasonable price too! I would absolutely do all future office document destruction with only ProShred. Thank you for a great experience. We will be back!! read less
Darci G.2/27/2017
