PC Richard credit card receipts may be in violation of the Fair and Accurate Credit Transactions Act (FACTA), which was passed in 2003. Businesses were give three years after that passage to be fully compliant with the law. This deadline was extended for a few select businesses an additional year and a half until June 2008.
According to Wikipedia, FACTA requires that to protect the consumer from fraud, there should never be more than the last five digits of a credit card number printed on a receipt. In addition, there should never be any reference to the credit card’s expiration date on said receipt.
FACTA credit card number truncation laws are excepted where the receipt is handwritten or manually imprinted in the absence of any of means of running the transaction.
Yet consumer advocates are concerned that PC Richard credit card receipts may have expiration dates printed on them in MM/YY format several times.
The MM/YY format refers to the reference number of the month and year the credit card is set to expire. The two digits associated with a particular month form the MM such as September (09). The two digits associated with the current year form the YY such as 17 for 2017.
Armed with expiration date information, an identify thief could, by process of elimination, narrow the field of viable credit card numbers substantially by having access to an expiration date along with the last five numbers.
PC Richard and Sons runs its chain of television, electronics, mattress, and appliance stores largely throughout the northeastern part of the United States. It is one of the biggest family-owned store chains of its kind with branches in Connecticut, Pennsylvania, New Jersey, and New York. Most of its outlets are on Long Island and in the boroughs of Queens and Brooklyn.
According to Law360, there is a proposed class action lawsuit filed in U.S. District Court for the District of New Jersey, that the appliance and electronics retail giant attempted to get dismissed in December 2016.
A PC Richard credit card receipt given to plaintiff MaryLisa R. allegedly had her American Express expiration date printed on it. The plaintiff originally filed in New Jersey state court in August, but when FACTA violations were proposed, the suit was moved to federal court.
PC Richard Credit Card Receipts Should Be Examined for Compliance
PC Richard credit card receipts should be examined by former patrons of the retailer to ensure they are compliant with FACTA law.
The law states that there should be no reference to the credit card’s expiration date on the printed receipt and nothing but the last five digits of the credit card can be visible. It is okay if there is placeholder text where numbers might otherwise be such as an asterisk or the letter “X” used repeatedly.
If you find a receipt in which this retailer was not compliant with this requirement, you may be eligible to join this FACTA violation class action and secure compensation for the security risk the company has opened you up to. You may qualify for a free consultation with a knowledgeable FACTA lawyer.
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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