Ocellus Merchant Services Ocellus Merchant Services Ocellus Merchant Services
Ocellus Merchant Services
Ocellus Merchant Services can network your transactions to give you the best possible rate and lower your liability at the same time. This means that instead of paying a percentage rate and a swipe fee every time you swipe a card we can often eliminate your percentage rate and charge you one low flat rate..
FACTA Facts


What is Facta?
FACTA is the Fair and Accurate Credit Transactions Act. Signed by President Bush on Dec. 4, 2003

  • Every consumer can get a copy of his or her credit report each year at www.annualcreditreport.com or by calling 877-322-8228
  • Merchants must leave off all but the last five digits of a credit card number on electronically printed store receipts.
  • Employers must destroy information derived from a consumer credit report before discarding it.
  • consumers who suspect identity theft need to notify only one of the three credit reporting services to set off a nationwide fraud alert.
  • Mortgage lendersmust provide the credit score they use to to determine a loan's interest rate, whether the loan is approved or denied.

    • As A Merchant What Does FACTA Mean For Me?
    One of the ways FACTA tries to prevent identity theft before it occurs is by requiring merchants to leave all but the last five digits of a credit card number off store receipts. This law will make sure that slips of paper that most people throw away do not contain their credit card number, a key to their financial identities. Learn more here.

    For more information or live help call us at (406) 640-1133 or click here to send us an email.

    Learn More About What Ocellus Can
    Do For You:

    Links:
    General FACTA Information.
       
      Fact Sheet: President Bush Signs the Fair and Accurate Credit Transactions Act of 2003
      ...prevent identity theft before it occurs by requiring merchants to leave all but the last five digits of a credit card number off store receipts. This law will make sure that slips of paper that most people throw away do not contain their credit card number, a key to their financial identities...
      Source: whitehouse.gov
       
      Fact Sheet: President Bush Signs the Fair and Accurate Credit Transactions Act of 2003
      ...This law will make sure that slips of paper that most people throw away do not contain their credit card number, a key to their financial identities...
      Source: consumer-guides.info
       
      Bill Summary & Status for the 108th Congress
      ...(Sec. 113) Mandates truncation of credit card and debit card numbers...Prescribes procedural guidelines under which a business entity, upon victim request, must provide a copy of the business records evidencing a transaction alleged to be a result of identity theft to the victim and to any law enforcement agency or officer specified by the victim, or investigating the identity theft....
      Source: thomas.loc.gov
       
      Facts on Facta, the Fair and Accurate Credit Transaction Act
      ...Another FACTA section allows consumers who request a copy of their file to also request that the first 5 digits of their Social Security number (or similar identification number) not be included in the file. This section takes effect December 1, 2004...
      Source: http://www.privacyrights.org
       
      The Fair Credit Reporting Act, as amended by FACTA.
      Adobe Acrobat Document. If you don't have this program you may download it here from Adobe.
      Source: www.ftc.gov
       
      Effective Dates for the Fair and Accurate Credit Transactions Act ...
      Adobe Acrobat Document. If you don't have this program you may download it here from Adobe.
      Source: federalreserve.gov
       
    Business Liability and FACTA
     
    FCRA Deadlines PDF 040203facta.pdf
     
    To view Portable Document Format files (PDFs),
    download a free Acrobat Reader from the Adobe site         		Adobe Acrobat Reader
     
     
       
    Important Information for Business Owners
    New laws require that a customer's credit card number can longer be printed on either receipt. You are now liable for every credit card transaction you make.
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    Eliminate Bad Checks
    Save time and money by turning a check into an electronic transaction. This enables you to accept checks from anybody from anywhere without the worry! And no longer will you manually process checks!
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    Stop paying a Percentage
    Fee on Debit/ATM/Check
    Card Transactions
    Banks are issuing debit cards faster than any other type of card. Start increasing your profits today by eliminating the percentage fee you pay to accept them. Instead pay a low flat rate. The national average for sales transactions is 30 to 45 percent debit, imagine how much money you could be saving by making your percentage fee "go away".
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      Services
      Our unique networking system insures that you get the best possible rate, even enabling you to eliminate some of your current percentage fees!
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    Ocellus Merchant Services | P.O. Box 278 | West Yellowstone, Montana 59758
    (406) 640-1133 | matt@mwmuller.com