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FSA Payments

Written by: Will Atkinson

Article Overview: Retail Pharmacies are facing upcoming regulation changes on accepting flexible spending account payments for approved merchandise. They need to be sure they're ready and using an approved system.

FSA Payments

If you operate a retail pharmacy, the chances are that you accept FSA (Flexible Spending Account) cards as a tender type in your store.

If you do, the rules are about to change on July 1, 2009. You will need to be using a point of sale system integrated to a payment processor that supports FSA cards. The POS provider must be certified by SIGIS, the special interest group that maintains the approved item list for pharmacies.

Now's the time to check it out if you haven't already. Make sure you're prepared for the upcoming change by researching SIGIS and finding an approved POS provider today.

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Article Tags: cards, flexible spending account, fsa, july 1, payment processor, pharmacies, point of sale, point of sale system, retail pharmacy, sigis, special interest group



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