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 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 User6/04/2019All I can say is 'Awesome!!!'. Scheduling with Michael was super easy. He quoted the fees over the phone and followed up with a... read moreAll I can say is 'Awesome!!!'. Scheduling with Michael was super easy. He quoted the fees over the phone and followed up with a formal quote via email. Pricing was very affordable and straightforward. No hidden costs. Communication was superb as Angel kept me updated with the appointment status. On the appointment day, Ramon, the driver, called me 45 minutes before he was coming. Angel called me 2 minutes after that to request whether it would be all right to divert Ramon to a job between his current location and my location, which would be about an hour delay. I okayed the delay as it would give me extra time to gather more junk to shred. Ramon arrived on time in what looks to be a brand new truck (it's probably not new...buts looks brand new because it's very well maintained). He pulled right up to my garage where all the boxes are kept. Ramon helped me dump my documents into a 96-gallon recycling bin. He even spent time to help me empty the 50 or so binders which I think I was instructed to have done so before hand but didn't (he didn't complain...thanks Ramon!). During the shredding, I was able to view the documents being shredded via a small video screen on their control panel. Three bins & 45 minutes later, we were done. I got rid of 8-10 years worth of useless, space-hogging paperwork! I probably would not need ProShred for a long while, but I certainly will recommend them to anyone who asks and needs to purge their garage/storage/office.TDSan Ramon, CA read less
Thuan D.8/11/2015The service was excellent and at a very fair price!
Mary Ann Crudo3/25/2021Drove up and the guy took my bags of paper right from my car. Minimum charge of $30, which I believe includes 5 bankers boxes.... read moreDrove up and the guy took my bags of paper right from my car. Minimum charge of $30, which I believe includes 5 bankers boxes. I only had 2 half filled Target paper bags so it was a little pricey for a small amount, but I was willing to pay the $30 instead of standing over my shredder trying to shred a few hundred pieces of paper, having it get too warm to continue and stop working on me, and having to go back later to finish the job. Would use again. read less
Danville B.1/30/2016It is very rare to find a company that actually does what it says it is going to do. To feel like your presence is... read moreIt is very rare to find a company that actually does what it says it is going to do. To feel like your presence is welcome and not just your money. When I contacted Proshred, I just wanted better security protocols for my company but what I got was someone who cared about our company. I got the president of the company to contact me directly. He was the one who sent me the estimate, scheduled the time and showed up at my door. He was so cheerful and passionate about his business. And; that is so rare to find. He gave me a brief overview of the protection that my company should have, delivery details and a quick contract. If I have any issues? I have the direct contact information for the President of the company. That is beautiful!!! It is a small business, but it is definitely worth looking into. I love, love, love the fact that I got a response so quickly and my company feels valued.
Thank you!!!!
From your friends at Stella & Dot, San Bruno, CA. read lessB S2/08/2014Had 3 boxes of old personal docs to get rid of. Called around Livermore, and Proshred had the best deal (by a factor of... read moreHad 3 boxes of old personal docs to get rid of. Called around Livermore, and Proshred had the best deal (by a factor of 2!). Went there, and it took about 2 minutes to offload, pay, and leave. Angel was great! read less
Gary D.8/28/2015I have to arrange shredding for clients who are serviced in many locations. Proshred San Francisco Bay Area gives them amazing service at great value... read moreI have to arrange shredding for clients who are serviced in many locations. Proshred San Francisco Bay Area gives them amazing service at great value which gives me peace of mind. I have no hesitation recommending them to any of my clients. read less
S D Bryerman1/31/2016This is a great local business! I visited this business for the first time this morning. I met the owner Michael and his wife... read moreThis is a great local business! I visited this business for the first time this morning. I met the owner Michael and his wife Angel who were very accommodating to my needs. They were able to properly take and shred my sensitive documents that have been lurking in my garage for several years. This business is not open on weekends but Michael was still open to taking in my documents to help me out. The actual facility is meticulously clean. I have been to several shredding businesses and every time I walked into one of them I was greeted with a plume of dust which is not great for allergies! This business is spotless and very orderly. Their prices are very reasonable at $30 for 4 banker boxes. If you compare this to Office Depot, they charge you by the pound with a single banker box potentially costing you $30+! Michael, the owner, didn't even weigh my documents and he charged me the minimum fee which I greatly appreciate. There is something to be said about a good local small business ran by a young family. It is definitely refreshing and I highly recommend ProShred for anyone's document shredding needs big or small! read less
Michael W.2/01/2016Pro shred pleasanton 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... read morePro shred pleasanton 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 job
Hard worker seem dedicated clean cut and fast and friendly ! read lessJim Feaster4/22/2019We 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
Carol5/23/2017Guaranteed service, and at a lower cost than at Office Depot. It is, after all, their core business.
Kevin Short7/29/2019Great customer service. Highly recommend Proshred. Fast, friendly & reasonably priced.
Debbie O.12/17/2015Guaranteed service, and at a lower cost than at Office Depot. It is, after all, their core business.
A Google User7/29/2019It is very rare to find a company that actually does what it says it is going to do. To feel like your presence is... read moreIt is very rare to find a company that actually does what it says it is going to do. To feel like your presence is welcome and not just your money. When I contacted Proshred, I just wanted better security protocols for my company but what I got was someone who cared about our company. I got the president of the company to contact me directly. He was the one who sent me the estimate, scheduled the time and showed up at my door. He was so cheerful and passionate about his business. And; that is so rare to find. He gave me a brief overview of the protection that my company should have, delivery details and a quick contract. If I have any issues? I have the direct contact information for the President of the company. That is beautiful!!! It is a small business, but it is definitely worth looking into. I love, love, love the fact that I got a response so quickly and my company feels valued.
Thank you!!!!
From your friends at Stella & Dot, San Bruno, CA. read lessA Google User2/08/2014Pro 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 User4/22/2019
