MPS — Mercury Payment Systems

We make Health/Flexible Spending Account (FSA/HRA) debit card acceptance easy, creating another competitive advantage for our pharmacy POS partners and merchants. Our host-based BIN lookup supports fast card type identification, and the merchant never has to maintain local BIN files. Mercury’s customer support team assists merchants with the SIGIS certification process.

Mercury® partners with POS developers to integrate our health benefit debit card payment processing technology. Our solution enables pharmacies to attract FSA/HRA participants’ business and facilitate their transactions according to IRS regulations.

Quick Facts about 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 FSA/HRA cards must implement an Inventory Information Approval System (IIAS)
• Identifies items eligible for payment with FSA/HRA 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 FSA/HRA cards
• FSA/HRA 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 FSA/HRA card