The major credit card companies in Japan and the US are pushing the new technology as safer than the prior use of credit card and PIN, since criminals had figured out how to access both PIN and the PIN encryption technology, leaving customers open to credit card fraud. The RFID technology solves the encryption hacking situation for customers and business owners.

Merchants who improve their credit card processing system to accept the new “wave” in payment services are tapping into the growing population of post-Baby boomer generations. These are consumers who demographically embrace new technologies quickly. MasterCard found that users who adopt their PayPass credit cards tend to use them as their preferred card and spending increases 28% – 42%.

Many college and high school buyers open checking accounts and never request checks – they pay bills online and use debit or credit cards for minor and major sales transactions that prior generations always paid with cash or checks. Merchants also find the reduction in cash purchases has reduced their losses from cash register shortfalls at the end of the day.

The trend to use credit cards for more purchases helps those merchants who find business cash advances profitable ways to expand their businesses and ride out economic bumps in the road. US Business Finance Corp is a cutting edge alternative business financing company offering its clients competitive rates on merchant credit card processing services and merchant cash advances.

If your business is ready to make better use of your Visa and MasterCard sales traffic, call our small business consultants for a free session to see how your business can benefit and come out ahead from our alternative business lending services.

To find out the specifics, check the SBA website for their eight minute audio video slide show that reviews the various deductions and provisions. The SBA site also has a Word document executive summary to download that includes three links to IRS publications that give further guidance, details and perceived benefits of the Act.

In a nutshell, the Act allows you a much higher amount of equipment you can expense (up to $250,000) and the ability to write of 50% of your purchase in the first year (2008) and then apply your regular first year depreciation to the other 50% your business equipment’s purchase price.

Office equipment, restaurant equipment, machinery for manufacturing businesses are all covered by the Stimulus Act. Since the Act includes various exceptions and additional requirements (it was crafted in Washington) reviewing the benefits of the Act for your particular business with your tax advisor is advisable.

If you are looking to acquire business equipment for you next expansion or to improve productivity, consider US Business Finance Corp’s the alternative financing resources. We have helped many small businesses purchase their business equipment either by the traditional routes or by using future credit card sales to pay for equipment today with a business cash advance. While we help businesses like yours to get the cash you need to succeed in less than two weeks, the government is giving you more advantageous terms in which to write off your equipment purchases this year.