Pharmacy POS Solutions

Is your Pharmacy POS software compliant with the mandated IRS - SIGIS-IIAS requirements? You only have until July 1, 2009 to make sure your POS software is compliant with IRS regulations. 

With CPC you can have access to our programming code for the FSA - IIAS processing solutions your company needs to be compliant. Our payment gateway offers Dial and IP access to the major processor for Health/Flexible Spending Account (HSA/FSA) debit cards.

Our payment gateway host-capture system supports merchants with the SIGIS certification process as CPC works with POS developers to integrate our health benefit debit card payment processing technology into your POS software applications. Our solution enables pharmacies to attract HSA/FSA participants’ business and facilitate their transactions according to IRS regulations.

Quick Facts – New SIGIS-IIAS Requirements!

  • The IRS regulates handling of health benefit card transactions because employers take pre-tax deductions to cover allowable flexible spending account expenses

  • Merchants accepting HSA/FSA cards must implement an Inventory Information Approval System (IIAS)

    • Identifies items eligible for payment with HSA/FSA debit cards

    • Identifies in what combination they can be sold

  • The IIAS eligible item database is maintained by the Special Interest Group for IIAS Standards (SIGIS)

  • Visa and MasterCard require merchant SIGIS certification to accept HSA/FSA cards

  • HSA/FSA cards can pay only for IIAS-eligible medical reimbursement items

  • The merchant’s point-of-sale (POS) system must identify the consumer’s payment card as a HSA/FSA card

 
POS Pharmacy Solutions
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