CompliancePal

Comply quickly with the Identity Theft Red Flags Rule section of the Fair and Accurate Credit Transactions Act (FACT Act) using our web-based compliance tool.

Effective November 1, 2008, all financial institutions and other creditors must develop and implement a written identity theft prevention program as part of the Identity Theft Red Flags Rule section of the Fair and Accurate Credit Transactions Act (FACT Act). The rule mandates that you must perform a risk assessment, identify all covered accounts, implement appropriate detection and response procedures, develop a written identity theft program, train appropriate staff and more.

By partnering with Compliance Coach, First Data can help financial institutions of all sizes comply easily and quickly. Using this web-based tool, you can produce an identity theft risk assessment and map red flags to appropriate detection and response procedures. Our CompliancePal service also helps you develop a written identity theft prevention program, a training program and a compliance status report.