This certification allows pharmacies using the Company's POS product to comply with new IRS regulations for accepting FSA (Flexible Spending Account) cards.
Fountain Valley, CA (PRWEB) January 30, 2009-- CAM Commerce Solutions, Inc. announced today that its CAM Pharmacy Point of Sale software has received SIGIS (Special Interest Group - IIAS Standards) certification. This certification allows pharmacies using the Company's POS product to comply with new IRS regulations for accepting FSA (Flexible Spending Account) cards.
"We are excited to have added the SIGIS certification and IIAS compliance to our solution for the independent pharmacy", said Roy Banks, CEO of CAM Commerce Solutions. "We are one of the first point of sale solution providers to offer Pharmacy merchants the ability to accept FSA cards and comply with the new IRS IIAS regulations".
CAM Pharmacy Point of Sale software automates the store operations of the independent pharmacy. Through its integration with many leading pharmacy dispensing systems, the CAM point of sale software offers pharmacies a complete solution when automating a store. With the addition of IIAS support and SIGIS certification, the CAM Pharmacy Point of Sale software allows pharmacies to accept FSA (Flexible Spending Account) cards. Recent IRS regulations require pharmacies to employ point of sale systems that comply with IIAS (Inventory Information Approval System) if they wish to continue accepting FSA cards as forms of payment. As of June 30th 2009, pharmacies who have not implemented an IIAS compliant system will be excluded from accepting FSA cards.
About CAM Commerce Solutions
CAM Commerce Solutions, Inc. provides multi-channel commerce solutions for merchants that are based on the Company's open architecture software products for inventory management, point of sale, sales transaction processing, accounting, and payment processing. These solutions often include hardware, installation, training, service, and payment processing services provided by the Company. You can visit CAM Commerce Solutions at www.iiaspointofsale.com.
The statements made in this news release, including those relating to the expectations of profitability and economic climates, are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Words such as "will," "should," "believe," "expect," "anticipate," "outlook," "forecast," "optimistic," "feel," "potential," "continue," "intends," "plans," "estimates," "may," "seeks," "would," "future," "bright," "projected", and other similar expressions that predict or indicate future events or trends, or that are not statements of historical matters, identify forward-looking statements. Expectations concerning financial results for future quarters are not actual results and are based upon preliminary estimates, as well as certain assumptions management believes to be reasonable at this time. Investors should not rely upon forward looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from our expectations, and the company expressly does not undertake any duty to update forward-looking statements which speak only as of the date of this news release. The performance of any one month or quarter may not be indicative of future performance, particularly given prevailing market and economic uncertainties. In addition to the factors set forth elsewhere in this release, the economic, competitive, technological, and other factors identified in CAM Commerce Solutions' filings with the Securities and Exchange Commission could affect the forward looking statements contained in this news release.
Chester Ritchie, Vice President Sales & Marketing
CAM Commerce Solutions, Inc.
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