FACTA Issues You Should Know

August 1, 2016

Identity Theft law Compliance

The Identity Theft laws require that companies destroy consumer information after its business purpose is completed, but your company also generates confidential internal documents (i.e., sales reports, memos, employment applications, etc.)

A comprehensive policy in which all regulated paperwork is destroyed offers the greatest security from non-compliance.

If the FTC comes calling, how will you prove that your company securely manages, then destroys consumer information? Simple:

“We have contracted with Maxxafe System and they provide us with detailed analysis on our disposal activities. Here are reports on:

– number of boxes destroyed from each store or office
– weight of each box
– frequency of destruction

“We can compare the sales volume for our stores to the weight and frequency analysis for positive proof that our stores are complying with our destruction policy.”

The Maxxafe System provides the easiest solution to the verification issue, and in fact is identified by FACTA and state legislation: “A business is considered to comply if the business contracts with a person engaged in the business of disposing of records…”

Through the use of shipping weight and frequency of pickup schedules, a company can prove that a program is in place and being used by the company locations. Internal enforcement is also possible, since frequency of shipment can be compared to store volume or size, highlighting locations which may not be complying with company disposal policy.

What is Maxxafe System? Learn all about this revolutionary solution designed to help companies with geographically-dispersed locations achieve compliance to the FACTA regulations at the lowest possible cost: here.

Request A Quote!

  • This field is for validation purposes and should be left unchanged.

Recent Blog Posts

We switched to CRM with our document storage and document shredding needs and consider that one of the best decisions ever. CRM is very professional, local and easy to work with. Many thanks CRM!

-Leopold Steinberger

Great and personal service. Great facility...you always know where your boxes are and so do they! Not only do they have the best boxes ever for storing your docs (reasonably priced, sturdy and best of all---easy to put together), they also have onsite shredding. Full service for the entire life cycle of your documents. We have been a customer for approximately 8 years and NEVER had a single problem...which was not the case with our previous vendor! 

-Patricia Flournoy

Love Corporate Records Management. Very efficient and friendly staff. Have never had any issues, would definitely recommend.

-Maribel Hernandez

Very effective in storing our backup tapes in climate controlled storage. They are real quick to response in email queries and was always available to return tapes in case we have an emergency restore. Excellent customer service as well.

-Philip Mills

I have only been working with Corporate Records Management for a few months, but they have been an excellent partner to have in managing our extensive amount of hard copy construction plans and specifications. They are prompt and professional when picking items up to take to their storage facility, and it is extremely easy to request items back from storage if needed at a later time. I have made retrieval requests in the afternoon, and they have delivered to us the very next day. KWA Construction is most appreciate of Corporate Records Management! You help keep our office tidy and clutter-free!

-Tasha Keene

We've used CRM for almost 2 years to store our data tapes offsite. They have been reliable and easy to work with. When we have had special requests they have been quick to respond and get us what we need quickly. There were a few minor glitches when we were first getting everything setup at the beginning, but everything was quickly sorted out and we have zero complaints.

-Bret Harrell

Corporate Records Management is an awesome company. They have very friendly people who don't mind helping if you call with a question. I would recommend them to anyone who is looking to store files at an offsite facility

-Frank DaMommio

Great customer service and rapid response time to orders! Very professional and they also have had great solutions for problems my company has had. Patient employees helped us when dealing with a big conversion. Will highly recommend for business needs.

- Kedrick Williams