FACTA Credit Cards
For individuals who have been given a credit card receipt that does not adhere to the rules of the Fair and Accurate Credit Transactions Act.
FACTA Credit Cards
It is imperative that retailers and businesses, regardless of size, adhere to the rules and regulations as laid out in the Fair and Accurate Credit Transactions Act (FACTA). These rules and regulations are there to aid in reducing the prominence of credit card fraud, and if ignored, can have dire consequences for consumers. Two of the most important rules, as laid out by FACTA, are in relation to credit card receipts. In short, receipts should not:
- Reveal the credit card’s expiration date
- Display more than five of the card’s final digits.
