Business Insurance Restaurant Division Contact Us Employment Practices Workers Compensation Home Page Home PageCoopers Insurance Agency Header




If your business accepts payments using credit cards, it is very important that you ensure you are in compliance with the provisions of the Fair and Accurate Credit Transaction Act (FACTA).

Every year, businesses are sued for different violations of the FACTA. Here are some examples of provisions commonly violated:

*Receipts must not show more than the last 5 digits of the customer's credit card number.
*Receipts must not show the customer's credit card's Expiration Date.

Non-compliance of these and other provisions can lead to Class-Action-type Lawsuits, with fines of $1,000 per customer and legal fees.

Please note that these lawsuits are NOT covered under any insurance policies!

 
If you are unsure about your current credit card processing practices, you can contact your credit card processing company for details and compliance information.

For more information on the FACTA, please CLICK HERE!
(www.PrivacyRights.org)

Have a safe and wonderful week,


Coopers Insurance Agency
SCOTT COOPER INSURANCE AGENCY, INC.
(818) 706-2292
30423 Canwood St. Ste 239
Agoura Hills, CA 91301
www.CoopersInsurance.com
Info@CoopersInsurance.com
Los Angeles - San Fernando Valley - Ventura County, CA
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
30423 Canwood Street Ste 239 | Agoura Hills, CA 91301
PH: 818-706-2292 | FX: 818-706-1176 | Email: info@coopersinsurance.com

Contact Us Facebook LinkedIn Google Plus