Cintas Enables Companies to Comply with the New FTC Red Flags Rule

Effective June 1, 2010, the Federal Trade Commission (FTC) will begin enforcing its Red Flags Rule. This regulation requires creditors and financial institutions that maintain one or more covered accounts to adopt written identity theft programs. The program was implemented as part of the Fair and Accurate Credit Transactions Act of 2003 (FACTA), to help prevent and reduce harm from identity theft. Cintas, the leader in secure document management, advises clients about the new rule and offers services to help companies achieve compliance and better serve their customers.

“According to the Javelin 2010 Identity Fraud Survey Report, identity fraud reached an all-time high in 2009,” said Karen Carnahan, President and COO of Cintas Document Management. “Now more than ever, it’s important for companies to take a proactive approach and comply with the Red Flags Rule to protect their customers from the damaging effects of identity theft.”

The Red Flags Rule program was designed to help recognize and detect warning signs before identity theft occurs. Companies that do not comply may face civil penalties of up to $3,500 per violation. Creditors, which are considered to be any entity that regularly extends, renews or continues credit, and financial institutions such as banks and credit unions, must meet the terms if they maintain one or more covered accounts. A covered account is an account used for personal, family or household purposes that involve multiple payments or transactions, such as credit card accounts, mortgage loans and utility accounts.

To achieve compliance, companies are required to develop and maintain an appropriate written identity theft prevention program; based on its size and potential risk of identity theft. Each company must have the appropriate mechanisms to identify and detect relevant red flags and have the ability to eliminate and mitigate identity theft. Companies must also review and update their programs regularly to provide optimal protection.

To help companies comply with the new Red Flags Rule and other regulations, Cintas offers personalized document management consultation, as well as secure document shredding, storage and imaging programs. Its services are designed to provide businesses with data privacy and security, compliance with regulatory requirements and more efficient control and access to information. Cintas is the first NAID-certified and PCI DSS compliant document management provider in North America.

“The Red Flags Rule serves as a catalyst that will help companies maintain trustworthy business practices and provide customers with maximum protection from fraud,” added Carnahan. “By utilizing Cintas’ document management services, companies will not only reach compliance but will have a customized, secure solution that will ensure all business information remains safe and confidential.”

For more information on Cintas’ document management programs, please visit www.cintas.com/documentmanagement.

About Cintas Corporation:

Headquartered in Cincinnati, Ohio, Cintas Corporation provides highly specialized services to businesses of all types. Cintas designs, manufactures and implements corporate identity uniform programs, and provides entrance mats, restroom supplies, promotional products, first aid and safety products, fire protection services and document management services to approximately 800,000 businesses. Cintas is a publicly held company traded over the Nasdaq National Market under the symbol CTAS, and is a Nasdaq-100 company and component of the Standard & Poor's 500 Index.

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