Acquirers and merchant processors offer important services to their merchant clients including processing IIAS transactions and use of the 90% program by their participation in SIGIS. Additionally, acquirers and merchant processors play an integral role in certifying their client merchants as meeting IIAS requirements. Merchants must be a customer of a SIGIS member acquirer or merchant processor to join and use the SIGIS standard; as such it is important to acquirers and merchant processors to be SIGIS members to support their merchant customers.
Acquirers/merchant processors have access to the following programs once a SIGIS membership is established:
The SIGIS Specification outlines the requirements needed for merchants, acquirers, processors, card issuers and plan administrators to support an IIAS.
A process which enables merchants to certify that they meet the requirements to operate an IIAS. There are two types of merchant IIAS certification:
POS vendors/third-party servicers (TPS) may certify the inventory and cash register/point-of-sale software services that they offer to client merchants as meeting IIAS requirements. SIGIS has developed a special IIAS questionnaire to support the requirements of TPSs. Once a TPS is IIAS-certified, its client merchants may use a simplified online IIAS certification approach.
For drug stores and pharmacies that primarily sell prescriptions and eligible medical items, the IRS permits plan administrators to approve FSA/HRA card transactions without the drug store/pharmacy having an IIAS. SIGIS has developed a registration program for eligible drug stores and pharmacies to register as 90% Rule Merchants.
SIGIS provides additional support through our Help Desk that is available to answer any questions regarding the programs listed above.