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Thursday
Nov272008

FSA/HSA Added to First Data North and Elavon NETePay™

Chalfont, PA - FSA/HSA transaction support has been added to First Data North/Cardnet NETePay and to Elavon/Nova NETePay versions. POS resellers targeting or servicing locations accepting FSA/HSA (Flexible Spending Account / Health Savings Account) payments can now provide FSA support through their integrated payment solution via NETePay, in addition to the other payment types already supported. Qualified FSA purchases can be authorized by the payment host. Non-qualified items and amounts not covered by current FSA balances can be processed using other payment types. As of January 1, 2009, IRS regulations require pharmacies accepting FSA/HSA payments to have an IIAS (inventory information approval system) compliant point of sale system implemented or discontinue acceptance of FSA cards.

To support FSA transactions, POS software providers need to provide FSA item eligibility management, audit usage and support specific FSA payment transactions and rules. Current First Data North/Cardnet and Elavon/Nova NETePay users can be updated to add FSA transaction support. FSA support will also be added to other Datacap products as is appropriate.

 

For more information about these and other integrated payment solutions and services, contact the Datacap sales department at 215/997-8989 or sales@dcap.com , or visit our web site at www.dcap.com.