Skip to content

Read The FACTS – Credit Card Receipt Rules – FACTA Rules

Apr 25, 2017
Shamis & Gentile, P.A.
FACTA rules


Did you know that what is put on receipts for credit card and debit card transactions is strictly governed by a piece of federal legislation called the Fair and Accurate Credit Transactions Act (FACTA)?

This is important for a variety of reasons, one of the most important being that it sets up rules and regulations to protect you, the consumer, from credit card fraud that can result from too much information being revealed on the receipt.

Under FACTA rules, electronically-printed credit and debit card receipts (which is defined as anything printed given to the consumer at the point of sale that signifies a sale has been made) given to the customer at the point of sale must not display the card’s expiration date or any more than the last five digits of the account number.

When Congress passed this particular requirement in 2003, it gave businesses as much as three years to comply. Newer electronic card processing machines were required to be FACTA-compliant by December 2004, and merchants with older machines were given until December 2006 to upgrade them.

Since then, the truncation requirement has applied to all electronically-printed receipts given to customers at the point of sale.

The Federal Trade Commission, the agency charged with administering FACTA rules or credit card receipt rules, sometimes carries out enforcement actions against companies that allow too much information to be printed on their credit card receipts.

These actions can lead to injunctions or civil penalties.

FACTA rules also gives affected consumers a chance to enforce the law themselves. Consumers who receive a receipt that violates FACTA may bring a civil FACTA lawsuit against the business. This is where Shamis & Gentile is here to help.

If successful, such a claim could reward the plaintiff with damages and reimbursement of attorney’s fees.

The damages make civil claims more powerful than consumers may expect. These provisions kick in if the plaintiff can show that a FACTA violation was “willful.”
Each such violation can put the defendant on the hook for $100 to $1,000 in statutory damages. These damage awards can apply regardless of the transaction’s dollar amount or the size of the business involved.

South Florida Injury Attorneys, Shamis & Gentile, P.A.
Shamis & Gentile, P.A. has filed multiple FACTA class action lawsuits. Call us now at 305-479-2299 to get a free consultation. There are No Fees or Costs Unless We Recover Money. Call us 24 hours a day, 7 days a week, 365 days a year. We are here to help! Even if you do not have a case we will happily discuss your matter.

Submit a Class Action Claim

Submit a class action claim today; there are no associated fees or expenses unless we manage to win the case on your behalf.