Debit Card Receipt Requirements

The Fair and Accurate Credit Transactions Act (FACTA) is a federal statute pertaining to customer credit or debit card receipt information.

One of the main purposes of FACTA is to help to fight identify theft. To do so, the central provisions of FACTA center on protecting consumer privacy. The Act does this by mandating what information can be shown on customer copies of credit and debit card receipts, and by giving consumers the right to receive a free credit report every year.

Under the statute, merchants are responsible for truncating the card number and expiration date on customer copies of an electronically generated credit or debit card receipt. No more than the last five digits of the card number may show on the receipt. Additionally, the expiration date must be removed in its entirety.

Any credit or debit card receipt printed – and presented – with complete card numbers after Jan. 1, 2008, is in violation of FACTA.

FACTA Credit and Debit Card Receipt Requirements

According to FACTA, any electronically printed credit and debit card receipt given to customers must be shortened, or truncated. Merchants may also include no more than the last five digits of the card number, and must delete the card’s expiration date.

For example, a credit or debit card receipt that truncates the card number and deletes the expiration date could look like this:

ACCT: ***********12345
EXP: ****

The only express exception to the FACTA credit and debit card receipt rules are where the sole means of recording a credit/debit card number is by handwriting or by an imprint or copy of the card.

Debit Card Receipt Lawsuit

Compliance with FACTA requires that merchants truncate the card number and leave off the expiration date from the credit or debit card receipt. The effective date for compliance with this requirement was December 4, 2006. However, it seems that not all businesses got the message.

Failure to comply with FACTA, even if unintentional, can result in substantial federal penalties and civil liability.

Consumers may bring a debit card receipt lawsuit to enforce the FACTA requirements. If victorious, the consumer may be entitled to damages of up to $1,000 for each violation as well as recovery of attorney fees and costs.

If you were provided an electronically printed credit or debit card receipt at the point of sale on which the expiration date or number of your credit or debit card was printed, you may be eligible to file a FACTA lawsuit.

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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