PayFlex Systems USA, Inc., a leading administrator for employee benefit programs, has announced that Wal-Mart has implemented an Inventory Information Approval System that automatically identifies and verifies “FSA eligible” purchased items at the point of sale. The announcement comes on the heels of a Revenue Ruling by the IRS that requires certain “big box” discount retailers to ensure FSA Debit cards are being used for appropriate FSA expenditures.

IRS Revenue Ruling 2006-69, which was released back in April 2006, provided further clarification surrounding debit cards and their inability to be used at non-healthcare related merchants unless the merchant has implemented a tracking system by January 1, 2007. More recently, the IRS released Revenue Ruling 2007-2, which provides transition relief and an additional 12 months until December 31, 2007 for the retail world to comply.

PayFlex, which processes over a half a billion dollars in annual claims, reported that over 15% of their respective consumer FSA purchases occur at big-box retail locations.

PayFlex is a leading nationwide provider of administration for employer benefit programs with nearly 20 years of experience. PayFlex provides a broad range of services to over 6,000 employers, including many Fortune 500 companies that employ several millions of employees. PayFlex services include FSA, HRA, HSA, Transit and Dependent Care, along with COBRA. PayFlex is headquartered in Omaha, NE, with 14 locations nationwide.

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