FACTA Receipt Rules Protect Important Credit Card Information

The credit and debit card receipt rules established through FACTA protect consumers from identity theft and fraud, but many do not know how to recognize FACTA violations. Recognizing FACTA violations—that is, determining whether or not a company has complied with basic FACTA receipt rules—is easy, but it can help protect your card information and even the information of hundreds of other customers.

The Fair and Accurate Credit Transactions Act, more commonly known as FACTA, is a set of credit and debit card receipt rules that regulate what information can be printed on a receipt and what cannot, helping to protect consumers’ account information.

These simple FACTA receipt rules prevent important information from being printed, which in turn works to prevent potential fraud or identity theft. Fraudsters getting a hold of credit and debit card information can be extremely harmful for consumers and complicated to fix, even if it is caught quickly.

The receipt rules of FACTA are strengthened when consumers are aware and able to help regulate them. Checking that a business follows FACTA receipt rules can not only protect your information but also the information of others that may have been exposed as well.

Businesses that fully understand these FACTA credit and debit card receipt rules are also better able to protect their customers and avoid potential FACTA lawsuits.

Consumers who report violations of FACTA’s debit card receipt rules may be eligible for some financial award in compensation, even if their accounts have not been directly impacted.

The credit and debit card receipt rules outlined by FACTA were first passed in 2003 and have been in full force since 2006.

FACTA Credit and Debit Card Receipt Rules

FACTA receipt rules require that businesses follow specific truncation requirements to censor the credit card information printed on their customers’ receipts. If these receipt rules are not adequately followed, businesses have committed a FACTA violation that may be penalized.

FACTA credit card receipt rules require that no more than the last five digits of a credit or debit card number may be displayed on receipts. The rest of the digits must be censored.

Five digits or fewer taken from elsewhere in the card number may not be displayed; only the last five digits are permissible to appear on a receipt. For example, this follows FACTA receipt rules:

**** **** ***5 4321

Displaying fewer than five digits is acceptable according to FACTA identity protection rules, provided those numbers are found in the last five digits of a card’s number. For instance, since cards consist of four-digit segments, many companies choose to display only the last four digits of a card number to ensure FACTA compliance, like so:

**** **** **** 4321

FACTA receipt rules also prohibit businesses from printing any portion of a card’s expiration date.

FACTA Lawsuits Over Violations of Receipt Rules

FACTA offers awards of up to $1,000 per violation of FACTA credit and debit card receipt rules. This award is offered due to the FACTA violation itself, and it does not require having actually been injured by identity theft or another problem.

Proving that a business violated FACTA receipt rules is fairly simple. Take note of whether or not your receipts follow receipt rules for both card numbers and expiration dates. If they do not, then you may be in a position to file a FACTA lawsuit against the business responsible.

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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