Retailer’s Alleged FACTA Violations Can Trigger Credit Card Receipt Lawsuit

You could be eligible to participate in a credit card receipt lawsuit if you were handed a receipt that includes more than the last five digits of your card number.

The Fair and Accurate Credit Transactions Act (FACTA) prohibits retailers from printing the expiration date or anything other than the last five digits of your credit card number on a receipt.

If you have visited a retailer – even if it’s a store you often frequent – always check your receipt. Merchants who have always been in line with the law might find themselves in violation of FACTA due to a computer software upgrade or a change in third-party payment processors. If you found what may be a violation, you may be able to file a credit card receipt lawsuit. 

Credit Card Receipt Lawsuit

FACTA is designed to protect you from identity theft and credit card fraud. Any merchant who does not follow this federal law could be held responsible for their violations. FACTA is designed to prevent credit card fraud and identity theft by preventing a thief from putting together a credit card or debit card number from a customer’s receipt.

The law says, “no person that accepts credit cards or debit cards for the transaction of business shall print more than the last 5 digits of the card number or the expiration date upon any receipt provided to the cardholder at the point of the sale or transaction.”

Merchants were given until December 2006 to become FACTA compliant. That deadline was extended until June 2008 for some retailers. In addition to mailings from the federal government, retailers also received notifications from their credit card processing companies regarding FACTA laws.

Any retailer who “willfully” violates FACTA can be held responsible and required to pay statutory damages of $100 to $1,000 per transaction, or the monetary loss the infraction incurred.

A credit card receipt lawsuit would allow you to hold a merchant accountable for violating FACTA, which was passed in 2003 to help stop the increasing incidents of identity theft. If you have grounds to file a credit card receipt lawsuit, the statute of limitations is two years from the date you discovered the violation, but no longer than five years from the date the violation actually occurred.

Even though FACTA has been enforced for 15 years, not all retailers are consistently compliant. Some retailers might depend upon their credit card equipment companies or a third party IT company to ensure lawful compliance. Their trust in these other players might lead to a break in their FACTA compliance.

You could be eligible to participate in a credit card receipt lawsuit if you have been handed a receipt that includes more information than FACTA allows. If you believe you have been handed a receipt that violates FACTA, you could be eligible for compensation through legal representation.

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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