What is the Special Interest Group for IIAS Standards?
A group of companies involved in supporting Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA) debit card transactions formed a working group called the “IIAS Standards Interest Group” to establish a voluntary industry standard to meet IRS requirements for operating an IIAS by the mandated deadline of January 1, 2008. The working group has now incorporated as the Special Interest Group for IIAS Standards (SIGIS) to manage the standards on an on-going basis. SIGIS is composed of a broad range of participants, including retailers, card issuers, third party plan administrators (“TPAs”), merchant acquirers, processors, financial institutions, trade association groups, software vendors, and payment card networks.
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- What is the Special Interest Group for IIAS Standards?
