Credit Card Receipt Violations: What You Need to Know

The Fair and Accurate Credit Transactions Act (FACTA) was passed to protect consumers when they use their credit and debit cards to make purchases and share that information with various vendors.

FACTA rules have stated, for example, that retailers cannot print more than the last five digits of a customer’s card number on their debit or credit card receipts.

However, multiple companies have been accused of violating FACTA rules. As a result, a FACTA class action lawsuit investigation has been launched against companies that have been accused of giving out too much credit or debit card information.

As the number of identity theft victims rose, Congress saw the need to do something to protect consumers and passed the bill in 2003.

FACTA mandates that receipts not show all credit or debit cards’ numbers on the receipt and instead use symbols as placeholders for all but the last five digits of the number. This way, even if a potential identity thief gets the receipt somehow, the information on the receipt is not enough to give away the customer’s account number.

FACTA rules say that “no person that accepts credit cards for the transaction of business shall print more than the last 5 digits of the card number.”

This means that if any number but the last five, and only the last five, are given on credit card receipts, then it is a violation of FACTA. No other numbers, even if there are fewer than five of them, can be included on the receipt.

FACTA also states that the expiration date of credit and debit cards cannot be displayed on receipts. This includes the month, day, and/or year of a credit card expiration. A customer may qualify to join a FACTA class action lawsuit if even a part of the expiration date is on their credit card receipts.

FACTA class action lawsuits have been filed against companies including Southwest Airlines, Toys ‘R’ Us, and more. In the Toys ‘R’ Us FACTA class action lawsuit, differed settlements were offered to plaintiffs depending on the number of purchases they made that contained receipts that broke FACTA rules. The toy store offered vouchers to class members as a form of compensation.

In general, plaintiffs in FACTA class action lawsuits will need the credit card receipts with the alleged FACTA violations on them.

Free FACTA Class Action Lawsuit Investigation

If you made one or more purchases and the retailer provided you with a receipt that contained more than the last five digits of your credit or debit card number or the expiration date, you may be eligible for a free class action lawsuit investigation and to pursue compensation for these FACTA violations.

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