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Metavante Partners with Nova Libra

Metavante and Nova Libra have partnered to offer merchants an IIAS Pharmacy Point-of-Sale

Effective June 30, 2009, an Internal Revenue Services (IRS) mandate prohibits Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA) debit cards from being accepted at most drug store and pharmacy retail locations without an Inventory Information Approval System (IIAS). An IIAS identifies eligible healthcare FSA/HRA purchases by comparing inventory control information such as UPC or SKU numbers against an IRS-established acceptable list. TSYS Acquiring Solutions, in partnership with Nova Libra, now provides a comprehensive IIAS solution with auto-substantiation purchase item eligibility. Building on the popular Microsoft Dynamics Retail Management System^® (RMS) software, pharmacies and drug stores have the tools necessary to ensure IRS compliance, while combining card processing, inventory, staff scheduling and financial management activities into one PC device.

"Nova Libra is happy to be working with an established leader in payment proccessing, Metavante, to provide their merchants with a leading IIAS solution" said Thomas Greenhaw, VP Operations, Nova Libra. "We are looking forward to working with Metavante merchants to ensure their compliance with new IRS regulations effecting FSA cards."

About Metavante

Metavante is redefining banking and payment technologies to financial services firms and businesses worldwide. Our products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, and electronic presentment and payment.

Metavante Corporation is headquartered in Milwaukee and is the principal subsidiary of Metavante Technologies, Inc., a holding company that began trading November 2, 2007, on the New York Stock Exchange (NYSE) under the ticker symbol "MV."

About Nova Libra

Nova Libra specializes in the maintenance and distribution of product information. Our staff of Microsoft certified programmers combines years of experience with creativity in a highly productive environment. We have a commitment to customer service and quality that has been fully satisfying our Fortune 500 clients since 1998. Our healthcare division has been on the leading edge of the industry, helping our customers thrive in a tough competitive and regulatory environment. With an array of services ranging from product distribution to retail Point-of-Sale, Nova Libra can provide a number of solutions that can help your business succeed. (www.novalibra.com)