FACTA and Microsoft Retail Software

InterDyn Business Microvar recommends that all our customers review their system to make sure they comply with The Fair and Accurate Credit Transactions Act. Older versions of Microsoft RMS did not comply with regard to the printing and storing of credit card information. The act went into effect as of December of 2006 and the industry is beginning to see class action lawsuits for those not in compliance. Here is an excerpt from privacy rights ClearingHouse's website regarding FACTA and it's implication for retailers

Credit card receipts that include full account numbers and expiration dates are a gold mine for identity thieves. In some states, printing of the full account number is already prohibited. For the future, FACTA sets a national standard requiring truncation of credit card information.

FACTA says credit and debit card receipts may not include more than the last five digits of the card number. Nor may the card's expiration date be printed on the cardholder's receipt.

We recommend that all retailers running Microsoft RMS educate themselves on the implications of FACTA for their business and contact InterDyn Business Microvar at 651-639-0575 for assistance in complying.