Receipts From PC Richard & Son May Not Meet FACTA Standards

Customers allege their receipts from PC Richard & Son exposed personal identifiable information, which put them at risk for potential fraud and identity theft.

These receipts from PC Richard & Son allegedly displayed the cards’ expiration date, with some possibly including more than the last five digits from customers’ credit or debit cards.

PC Richard & Son is an appliance retailer, which was started in the early 1900s in New York. Over the years, the company has grown into a well recognized brand that markets itself to provide customers with “honesty, integrity, and reliability.”

However customers have recently complained that their receipts from PC Richard & Son exposed their cards’ expiration dates, which directly violates federal privacy laws.

Consumers should be vigilant with their debit or credit card receipts, as these pieces of information can drastically raise the chances of them being subjected to credit card fraud and identity theft.

Overview of FACTA Policy and Violations

In order to lower the chances of consumer identity theft, the federal government passed the Fair and Accurate Credit Transactions Act (FACTA) in the early 2000s.

FACTA mandates all merchants have cash registers or other receipt printing devices to be able to produce receipts to be of federal standards.

Under FACTA, debit and credit cards receipts must only show the last five digits and must completely omit the card’s expiration date. This process is called truncation, in which merchants often replacing the omitted numbers with symbols or letters.

Federal law requires electronically printed receipts to be of FACTA compliance, by the point of sale to document that the transaction took place. FACTA policy applies to all electronically printed customer receipts printed by cash registers, self service kiosks, and restaurant tickets.

Receipts from PC Richard & Son are also subject to this same scrutiny, which can land the retail giant in hot water. If a merchant is found to be in willful violation of FACTA, the company can be potentially fined $1,000 per receipt.

Considering the thousands of customers PC Richard & Son service daily, this could add up to considerable financial damage for the company.

Consumers who are considering taking legal action against the company should keep their receipts from PC Richard & Son, and should contact a specialized lawyer to determine eligibility for a FACTA lawsuit.

Free P.C. Richard & Son FACTA Class Action Lawsuit Investigation

If you have received a paper customer receipt from any P.C. Richard & Son store with your personal credit card or debit card expiration date printed on the receipt, you may be eligible to join a free FACTA debit/credit card receipt class action lawsuit investigation.

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