01/08/2007
Wal-Mart Accepts FSA Debit Cards
Wal-Mart Stores implements a technology solution to enable customers to use flexible spending account (FSA) debit cards. The internally developed Inventory Information Approval System (IIAS) works by identifying FSA eligible merchandise, which have a unique ID number, as items are scanned at checkout. The total is displayed for the entire transaction showing both FSA and non-FSA merchandise. The customer can use an FSA card for payment of FSA eligible products, and use another form of payment for the non-FSA products. Both Wal-Mart and Sam's Club stores use the new software.