Inventory Information Approval System

The Inventory Information Approval System, or IIAS, is a point-of-sale technology used by retailers that accept FSA debit cards, which are issued for use with medical flexible spending accounts (FSAs), health reimbursement accounts (HRAs), and some health savings accounts (HSAs) in the United States.

By the end of 2007, all grocery stores, discount stores, and online pharmacies that accept FSA debit cards must have an IIAS; by the end of 2008, most chain pharmacies must have an IIAS as well.

The predecessor to the current IIAS was developed by the online retailer drugstore.com for its "FSA store" in 2005; it was first introduced to brick-and-mortar retailing by Walgreens in 2006. Wal-Mart became the first discounter with an IIAS in late 2006.

Read more about Inventory Information Approval System:  How IIAS Works, IRS Requirements To Use IIAS, Importance of IIAS

Famous quotes containing the words information, approval and/or system:

    When action grows unprofitable, gather information; when information grows unprofitable, sleep.
    Ursula K. Le Guin (b. 1929)

    The final flat of the hoe’s approval stamp
    Is reserved for the bed of a few selected seed.
    Robert Frost (1874–1963)

    Human beings are compelled to live within a lie, but they can be compelled to do so only because they are in fact capable of living in this way. Therefore not only does the system alienate humanity, but at the same time alienated humanity supports this system as its own involuntary masterplan, as a degenerate image of its own degeneration, as a record of people’s own failure as individuals.
    Václav Havel (b. 1936)