Retailers Face New Rules in Accepting FSA Cards

How many food retailers will be ready to continue accepting flexible spending account (FSA) debit cards from consumers on Jan. 1? That's the day a new IRS rule goes into effect governing the acceptance by supermarkets and mass merchants of FSA cards, which electronically tap into a consumer's annual tax-exempted income set aside to pay for health-related products. The rule states that to legally process

How many food retailers will be ready to continue accepting flexible spending account (FSA) debit cards from consumers on Jan. 1?

That's the day a new IRS rule goes into effect governing the acceptance by supermarkets and mass merchants of FSA cards, which electronically tap into a consumer's annual tax-exempted income set aside to pay for health-related products. The rule states that to legally process these cards at their POS lanes, food retailers are required to have in place what

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