The use of payment cards, such as credit cards, debit cards, and pre-paid cards, has become ubiquitous. Most payment card accounts have one or more associated physical cards; however, the use of non-traditional payment devices, such as appropriately-configured “smart” cellular telephones, is increasing.
Tax-advantaged financial accounts of various kinds are quite prevalent. One non-limiting example includes a flexible spending account (FSA), also known as a flexible spending arrangement, which allows an employee to set aside a portion of earnings, pre-tax, to pay for qualified expenses such as medical, dependent care, or the like. Another non-limiting example is a health savings account (HSA), which is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP).