Chalfont, PA - FSA/HSA transaction support has been added to Sterling Payments, TSYS/Vital and Global Pay NETePay server software 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. This is in addition to previous NETePay FSA upgrades for Mercury Pay, FDMS/Cardnet and Elavon/Nova. 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 July 1, 2009 (postponed from 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 NETePay users can be updated to add FSA transaction support. FSA support will also be added to other Datacap products as is appropriate.
The Sterling Pay and TSYS/Vital updated NETePay versions also include interface updates to allow for partial authorizations on prepaid credit cards, to support the growth of Visa and MasterCard open loop prepaid card products.
Contact your Datacap representative for additional information
(215) 997-8989 or Sales@dcap.com