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Developer Unveils In-Store FSA System

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FinPago Inc. has released a new automated service for drug stores and other retail stores that want to accept flexible spending account debit cards.

The new FSAok Debit Substantiation service can provide the documentation that shows FSA card holders are using the cards to pay for products eligible for FSA reimbursement, according to FinPago, Conshohocken, Pa.

The service can reduce the need for cardholders to keep receipts and use other cumbersome methods to substantiate FSA purchases, FinPago says.