Taxi Companies Face FACTA Credit Card Lawsuit

Three California residents have filed a FACTA credit card lawsuit against several taxi companies for allegedly failing to comply with FACTA rules by printing excess credit card receipt information.

The three lead plaintiffs in this credit card lawsuit filed on behalf of themselves as well as anyone else in a similar situation. The credit card lawsuit targets Nevada Checker Cab, Nevada Yellow Cab, Nevada Star Cab, Does 1-100, and Western Cab Co.

The plaintiffs, Brett Noble, Amanda Fowler, and Larry Tran, allege that these companies – which do business under several other names as well – violated the Fair and Accurate Credit Transactions Act (FACTA).

According to FACTA rules, established in 2003, “no person that accepts credit cards or debit cards for the transaction of business shall print more than the last five digits of the card number upon any receipt provided to the cardholder at the point of the sale or transaction,” states the complaint.

FACTA rules were established in 2003, but merchants were given a full three years to make sure their machines were ready for FACTA compliance.

The FACTA credit card lawsuit alleges that despite the warning and the time given to them, these taxi companies still printed more than the allowed last five digits of a card number on an a credit card receipt.

The credit card lawsuit also alleges that, through their failure at FACTA compliance, the defendants have failed to adequately protect consumers from identity theft and fraud.

The plaintiffs and other class members seek statutory and punitive damages.

FACTA Compliance

Recognizing FACTA violations early on can help stop this kind of problem before it can affect you and, potentially, thousands of other customers.

Under the rules of FACTA, only the last five digits of a credit card or debit card number may be shown on an electronic receipt.

Many businesses choose to ensure that this FACTA rule is followed by showing only the last four digits – just to be safe. The other digits are censored, often with symbols such as an asterisk.

On top of the card number truncation, FACTA rules also require that the card’s expiration date be concealed completely.

Because electronic credit card receipts are printed by machine, hand-written receipts are exempt from these FACTA rules. Businesses need only make sure that their machines are up-to-date and set to comply with FACTA regulations.

Credit Card Lawsuits

FACTA awards statutory damages of up to $1,000 per violation – whether or not the consumer actually suffered any real or substantial injury, such as identity theft. The violation itself is penalized.

Because FACTA violations are tied to electronically printed receipts, FACTA violations are committed via an improperly programmed machine which can print thousands of these receipts. This means that hundreds or thousands of customers can be affected by FACTA violations at once.

In a class action suit where these violations are uncovered, a business may be required to award plaintiffs statutory damages of millions of dollars in total, as well as whatever punitive damages the court deems necessary.

Given that each violation can result in a substantial fine, class action lawsuits can result in damaging or even crippling consequences for businesses. Some FACTA class action lawsuits against major retailers have reportedly reached billions of dollars in damage claims.

FACTA Class Action Lawsuits

Consumers who have proof that a business did not comply with FACTA rules are allowed under law file FACTA lawsuits against the businesses who committed the violation, collecting damages as well as attorney’s fees.

Check your receipts regularly to make sure that no FACTA violations have taken place. Doing this will protect you from both FACTA violations and identity theft and fraud. Consumers have the right under FACTA rules to file a lawsuit for these simple violations, because such violations may put consumers in danger.

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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