Posts Tagged ‘Credit’

5th Dimension Logistics Launches Partnership with Cornerstone Merchant Services, Inc to Increase Security for Payment Processing and Reduce Credit Card Fees

Tuesday, September 9th, 2014


Scottsdale, Arizona (PRWEB) June 26, 2014

Today 5th Dimension Logistics (5thDL), a payment gateway provider recognized as a technology leader in the payment processing industry, announced a new partnership with Cornerstone Merchant Services Inc in Las Vegas, Nevada. Together the partners will tackle both data security and payment processing while helping their customers reduce their overall cost to process electronic payments.

5th Dimension Logistics, who was a finalist for the Payments Innovation award in 2014, has been a market disrupter with their innovation and credit card processing solutions in the payments space. Matanda Doss, president of 5th Dimension, is excited about the new relationship, Partnering with a company like Cornerstone Merchant Services will help us deliver our industry best solutions to facilitate PCI Compliance, optimize payment processes and help merchants bolster their electronic payment security infrastructure.

Cornerstone is focused on helping fellow businesses achieve success and paving the way for them to adopt new technologies that will reduce to the time and cost required to stay ahead of the competition. Understanding the needs of merchants is essential to delivering simple, yet powerful solutions aimed at profit leaks and payment data vulnerabilities. Founder Chuck Ley proclaimed. This isnt something new we are trying, this is how we have been doing business for more than a decade. 5th Dimension simply shortens the path for us to enhance merchant payment security while reducing the merchants overall cost to process credit cards.

Cornerstone Merchant Services and 5th Dimension are helping merchants worldwide in their efforts to globalize their businesses and expand their channel footprint. Through their new partnership 5thDL and Cornerstone will offer smartphone apps, tablet based payment processing, recurring billing solutions and a robust fraud prevention platform (FBI Tools). Also important to their joint offering are credit card tokenization, a customer scoring system and a cloud based data exchange known as Echo. The Echo Data Exchange simplifies system to system integration in an effort to reduce merchants overall IT spend and accelerate their time to PCI Compliance.

About 5th Dimension Logistics

5th Dimension Logistics is a PCI Compliance Level 1 certified payment gateway and transaction hub. As a global leader in electronic payment processing, 5th Dimension empowers small businesses, large businesses, specialty retailers, merchants and consumers to accept and manage secure online payments. The 5th Dimension payment gateway offers the most innovative payment solutions in the industry, including tokenized recurring billing, ecommerce solutions, and enterprise payment software. 5thDL.coms shopping cart support includes well known carts such as Magento, Ubercart, Xcart and ZenCart. 5th Dimension provides advanced credit card fraud detection and prevention tools, tokenization, a virtual terminal, a customer scoring system and risk management controls to merchants all over the world. Adjunct to the gateway is 5th Dimensions mobile credit card and echeck processing app Easy Charge. Easy Charge enables merchants to accept mobile payments anywhere in the world from Android and Apple iOS devices. In addition to general credit card processing, 5thDL is the sole gateway provider for a $ 9.8 billion dollar private label card with 12.5 million users. For more information about merchant accounts, payment gateway services, enterprise payments and/or small business payments go to http://www.5thdl.com.

About Cornerstone Merchant Services, Inc.

Cornerstone Merchant Services was founded by CEO Chuck Ley in 2004. Originally a small family business, it has quickly grown into a powerhouse in the merchant services industry. Headquartered in Las Vegas, Nevada, Cornerstone has helped countless businesses, small and large, expand the ways they help their customers. Always looking ahead for new ways to help fellow businesses achieve the success they work so hard for, Cornerstone strives to be at the forefront of technological advances. Whether a merchant has 1 or 1,000 locations, Cornerstone will help them meet payment processing needs. Cornerstone offers support for a number of payment methods including Visa, MasterCard, Discover, American Express, JCB, Diners Club, as well as an array of other regional and national debit cards. Service distinguishes Cornerstone from other merchant account suppliers. With an around the clock Client Service Center and Terminal Help Desk experienced support staff are only a phone call away.







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Self-Employed Individuals Failing to Take Advantage of Solo 401(k) Plan Tax Credit, According to IRA Financial Group Tax Attorney

Tuesday, March 12th, 2013


Miami, FL (PRWEB) March 06, 2013

IRA Financial Group, the leading provider of Solo 401(k) Plans has seen an increasing number of self-employed individuals and small business owners using the retirement savings credit as an incentive to establish a solo 401K Plan in 2013. Under the retirement savings contribution credit, retirement plan participants (including self-employed individuals) who make contributions to their plan may qualify for the retirement savings contribution credit. The maximum contribution eligible for the credit is $ 2,000. To take the credit, the individual must use IRS Form 8880, Credit for Qualified Retirement Savings Contributions. Under the retirement savings contributions credit, an individual may be able to take a tax credit of up to $ 1,000 ($ 2,000 if filing jointly) for making eligible contributions to a Solo 401(k) Plan, stated Adam Bergman, a tax attorney with the IRA Financial Group.

To be eligible for the Credit for Qualified Retirement Savings Contributions

The individual claiming the credit must be: (i) age 18 or older; (ii) not a full-time student;, (iii) not claimed as a dependent on another persons return; and (iv) with an adjusted gross income not more than: $ 57,500 if your filing status is married filing jointly (for 2012; $ 59,000 for 2013), $ 43,125 if your filing status is head of household (for 2012; $ 44,250 for 2013), or $ 28,750 if your filing status is single, married filing separately, or qualifying widow(er) (for 2012; $ 29,500 for 2013).

The amount of the credit one can get is based on the contributions made to the solo 401(k) plan and the individuals credit rate. The credit rate can be as low as 10% or as high as 50%, stated Adam Bergman, a tax attorney with the IRA Financial Group. The Qualified Retirement Savings Contributions credit is applicable to contributions made to the Solo 401(k) Plan and does not include rollover contributions, stated Mr. Bergman.

The following example illustrates how the Qualified Retirement Savings Contributions credit works. Tom is self-employed and has a small consulting business. Tom is married and earned $ 30,000 in 2012. Toms wife is unemployed in 2012 and did not have any earnings. Tom contributed $ 1,000 to his Solo 401(k) Plan in 2012. After deducting his Solo 401(k) Plan contribution, the adjusted gross income shown on his joint return would be $ 29,000. Tom would be able to claim a 50% credit, $ 500, for his $ 1,000 Solo 401(k) Plan contribution. Many eligible self-employed individuals who qualify for the credit aren’t benefiting because they are not aware of the available credit, stated Mr. Bergman.

IRA Financial Groups self-employed 401(k) Plan was designed to offer investors a diverse and wide array of investment opportunities for their retirement funds. Clients can purchase stocks, mutual funds, precious metals, real estate, and much more. In addition, the Solo 401K Plan account can be opened at any local bank and financial institution, including Fidelity, Scottrade, TD Ameitrade and more . In addition, IRA Financial Groups Solo 401(k) Plan will allow a self-employed individual or small business owner the ability to defer up to $ 51,000 ($ 56,500 for someone over the age of 50), as well as gain the ability to borrow up to $ 50,000 tax and penalty free and use the loan proceeds for any purpose.

The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.

IRA Financial Group is the market’s leading checkbook control Individual 401(k) Plan Facilitator. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.

To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.







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