IRVINE, California, October 25, 2010 — TrustCommerce, provider of comprehensive payment processing and risk management solutions, is pleased to announce it has received certification from Fifth Third Processing Solutions to process Inventory Information Approval System (IIAS) transactions. This provides qualifying TrustCommerce merchants the ability to accept flexible spending account (FSA) debit cards and healthcare reimbursement accounts (HRA) cards, thereby broadening their range of payments.
Governed by SIGIS, the IIAS system promotes the use of tax-favored health accounts, especially FSAs. It is designed for use with prescription and over-the-counter (OTC) drugs and other OTC medical items.
IIAS merchants benefit from fewer declined transactions. The deadline for drug store and pharmacy merchants to support an IIAS solution or file for the 90% Rule was June 30th, 2009, if they wish to continue processing FSA card transactions without interruption.
“TrustCommerce is the payment solution of choice for healthcare organizations,” says Rob Caulfield, CEO. “IIAS certification, in addition to integration with several major healthcare enterprise systems, and Blackhawk Statement Group makes us the most comprehensive payment solution for the healthcare market. Our knowledge of HIPAA and detailed attention to securing privacy data, offers both a unique and tangible protective solution for our customer’s priceless brands and their client’s sensitive data.”
TrustCommerce IIAS payment acceptance is easy to integrate into merchant’s environment and requires minimal changes to the TrustCommerce standard TCLink API.
Headquartered in Irvine, California, TrustCommerce provides secure payment processing for companies of all sizes—from start-ups processing 100 transactions a month, mid-size companies processing 25,000 transactions a month, to Fortune 500 businesses processing millions of transactions per month from multiple locations. We safeguard the merchant-customer relationship by providing speed, security, reliability and a commitment to earn and keep your valued trust.