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Cayman Mckeeva Bush Ran Up 33k Debt – Trial Begins

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items:cayman islands, mckeeva bush Facebook Twitter Google+LinkedInPinterestWhatsApp(Cayman News Service):As the former premier’s slot machine gambling appeared to intensify in the early months of 2010, the crown said McKeeva Bush ran up a debt of over $33,000 withdrawing cash on his Cayman Islands Government credit card to play in casinos in the US and the Bahamas. During a week’s trip to Vegas in February, Bush was gambling hard and withdrew over $12,000 cash on the card and just a few weeks later on a short official trip to the Bahamas and Miami he touched the card for more than $17,000, the court heard Tuesday as Bush’s trial continued. These amounts were on top of an existing and mounting cash debt already on the card. At that time, the crown said, Bush hadn’t made any payments back to government since December 2009 leaving the public purse to carry the debt burden.During the second day of the leader of the opposition’s trial for corruption and misconduct offences the jury heard that Bush’s efforts to get cash intensified, in 2010 as did his hours at the slots as well as his lossesCounsel representing the crown, Duncan Penny QC, told the jury that while Bush paid back some of the $33,000 several weeks after his gambling trips there was a sum of more than $10,000 outstanding which remained that way for more than two and a half years. It was not until the premier learned that his credit card statements were being investigated by police that he paid back the remaining debt, Penny told the court, as he began to wrap up his opening statement describing the crown’s case relating to the abuse of Bush’s government corporate credit card.Penny detailed the major withdrawals during two trips in 2010 where Bush’s use of his government card across the casinos grew as he accessed much larger amounts including his single largest cash withdrawal on the corporate card in Florida in March when he cashed $4000 on the casino floor.Having lost over $57,000 in Vegas, during a week-long personal trip which he had combined with a brief official appearance at the Winter Olympics in Vancouver, where he also gambled, Bush lost a further $45,000 in Florida a month later. He also was said to have lost an unknown amount in the Bahamas, where he was drawing money from various casinos. All of this was adding to his own personal credit card debts as well as the mounting personal bill on his CIG card.Describing the acceleration in the credit card debt, as he completed the summary of the crown’s case, Penny explained that Bush had begun to use the cashier system on the casino floors and sign for the credit card cash advances rather than use the ATMs. The lawyer said this was because Bush was able to access more cash that way than via the teller machines which limited his daily cash amounts.“The defendant became wise to the fact that the credit card was limited at the ATM to just $1000 per day,” he said, explaining that Bush began using the cashier services where he could sign for cash. Having started the previous July taking $500 here and $100 there on the government card Bush was now making withdrawals in the $1000s.The lawyers said that the money Bush was “so keen to get his hands on was going back into the hungry machines” as he added to his loses.Following the loss of more than a quarter of a million dollars since July 09 of his own money as well as that he had borrowed from the public purse, the court heard that Bush appeared to be in no hurry to pay back what he owed when he returned from the March trip.On his return from the Bahamas and Florida, having taken well over $17,000 in cash on the casino floors or from ATMs during the four day trip, which was for tourism related business, he made no immediate payments when he was sent the reconciliation memo as usual in the immediate wake of the official travel. Despite knowing, the crown’s attorney claimed, that the money he had taken on that card was not for any legitimate business purpose, Bush made no effort to make prompt payment to return the public money.However, some six weeks later he made the first of three random payments.The first was for CI$9,000 on 1 April then three weeks later a second cheque was written for US$13,000 and shortly after one for a CI$1000. A further trip after that in which he drew just $1000 in cash from a Florida Casino while playing the slots, according to the loyalty card, left an estimated debt of just over CI$10,000 which remained that way for about two and a half years.Despite efforts being made by some civil servants to press Bush to reconcile his credit card either with receipts or a written explanation or to pay back outstanding personal sums there was no money forthcoming from the premier until the matter was under investigation by the police.In early November 2012, the police issued a production order to the deputy governor for the premier’s credit card statements which were handed over to the investigating officers. Bush appears to have heard about the investigation into his cards and called Franz Manderson, the deputy governor, to ask him if his statements had been given to the police, which the top civil servant confirmed was correct. It was then that Bush said he had not known about the outstanding balance and made another payment of some $9000 to the government coffers.As he summarized the crown’s case against him Penny told the jury that Bush had breached his duty as a premier when he abused the card and allowed the public purse to carry a growing debt burden which was down to the then premier’s risky and addictive gambling habit. He said Bush began treating the government card like his own personal card as soon as it was given to him and his using the card for gambling was an affront to his high office.He said Bush had shown a disregard for the public trust when he used that card in casinos to get cash for gambling and then made no effort to pay it back before government began to carry the debt. “He allowed government to carry the burden to the tune of $10,000 for two and a half years and only paid it back when he was aware of the investigation,” the lawyer said.Penny closed his opening statement to the jury at around 11-30am on Tuesday morning.Bush has persistently denied the allegations against him, which include 11 counts of breach of trust and misconduct in public office, all of which relate to cash withdrawals at casinos made on a government credit card during his first year in office after he was re-elected in 2009 as the country’s leader. Bush has described the charges as a political witch-hunt to discredit him and the Cayman Islands by the FCO.The case continues in Grand Court One on Wednesday at 10am with the crown’s first witness, the financial secretary Kenneth Jefferson. Recommended for you Minister Presents Budget Culture & Heritage Policy/Plan Survey UK Governors of the Caribbean meet in Miamilast_img read more

Black phones are boring but sell Yet for brands color still matters

first_img Sep 1 • iPhone 11, Apple Watch 5 and more: The final rumors Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? Over in China, Huawei said also leaned into color to attract the attention of women and youth. “We need to make sure our color range [is] more approachable to the female consumer and also a more younger demographic,” he said, adding that Huawei wants to appeal to buyers who embrace fashion, something a black phone can’t do.Aren’t you just going to put a case on it anyway?Any time I gush over a phone color or design, someone (usually CNET editor David Carnoy) quickly retorts, “Who cares? You’re just going to put a case on it anyway.” He isn’t wrong, and you really should use a case and glass screen protector to shield your phone, even if just to preserve its resale or trade-in value. But in the decision-making process, that logic might matter less.1783oppo-find-x-edited Angela Lang/CNET “People want to protect their precious phones,” said Huawei’s Kim, a former Samsung product designer before moving to Huawei. “But when they make their purchase decision, we really need to put out … an attractive product,” Kim said, adding that changing out cases is another way to express your style. Maybe phone colors are like fancy lingerie: Who cares if nobody else sees it? You know it’s there.Black is boring, but it sellsWhile colorful phones are exciting to look at, the reality is that they’ll never outsell black, white and gray. Huawei’s Kim knows this, acknowledging that the P20 Pro’s Twilight color, a blue-pink-purple gradient, can’t surpass black. “[The] Twilight color has been very popular,” he said. “But … really, really the final sale, the neutral color really sells more.Google knows this, too, which is why its Not-Pink Pixel 3 veers more toward beige than bubble gum or rose. Now playing: Watch this: Owning a brightly colored phone says something about you, the buyer. “It makes your phone much more unique, and personalizes the phone,” Kahn said. It can also prove to others that you’re riding the latest trend. “That makes a different reason to purchase.”Standing out from the crowdhuawei-mate-20-pro-0041The Mate 20 Pro has a striking look. Josh Miller/CNET Dazzling you for the sake of self expression is one thing, but don’t forget the competitive edge. Huawei’s P20 Pro, Mate 20 Pro and Honor View 20 are bullish about eye-popping gradients and patterns in part to separate the brand from its rivals.”We had a lot of disadvantage because we’re not a well-known brand to consumers [compared to] our other competition, which is bigger and better recognized in the industry,” said Joonsuh Kim, the chief design officer of Huawei’s consumer business, which includes phones.He’s referring to Samsung here, the world’s largest smartphone maker. But make no mistake, Huawei is no seedling startup. Last year it ousted Apple to become the planet’s second biggest phone brand, and it plans to take Samsung’s crown by 2020. While Samsung admitted to slower sales in 2018 (Apple did, too), Huawei announced that its shares were rising: 200 million units sold by the end of 2019. Its investment in flashy phones seems to have paid off.Samsung, for its part, has sold phones in every color of the rainbow, the most recent being a deep blue Galaxy Note 9 with a sunny yellow stylus to go with it. It popped. See All 28 Photos Yep, the Galaxy S10 leaked again reading • Black phones are boring, but sell. Yet for brands, color still matters • 6 “We wanted to make sure we have something classic and conservative, something light and fresh, and Not Pink [is] a little bit of a statement while also being neutral,” Olsson said, adding that Google’s design team worked on the color for 2 and a half years, holding back because it deemed it world-unready until now.”What’s great about Not-Pink is that it has that specific appeal, but isn’t gender-specific,” Olsson said.A sign of slowing tech?There’s one other reason why smartphone brands might gravitate toward colorful cases rather than neutral tones. Phones aren’t wearing out as fast as manufacturers want them to, and customers are holding on to them longer. Technology has slowed, giving buyers less of a reason to upgrade.At this point, the classic marketing move for any industry is to change up the color palette each year to entice you with a fashion statement you just have to have or else you’ll die.iphone-xs-iphone-xr-iphone-xr-max-7A little color goes a long way. Angela Lang/CNET “If you’re not going to improve on the tech significantly, you frequently see a move to design and aesthetics,” said Kahn, pointing out that the same thing happened with wired telephones in the 1980s, luring in kids with princess-themed, neon and translucent phones. The tech didn’t change much, but the packaging did.Things in 2019 are different. Samsung is set to announce its first foldable phone on Wednesday, poised to be followed by a rush of folding phone designs from competitors like Huawei, LG and Xiaomi. Phones with 5G connectivity will also start to crop up this month at MWC, the world’s largest phone show. And phones with three or more rears cameras are also about to take aim, shaking up a flat landscape with tantalizing possibility, whether it all pans out or not.Will color continue to play a leading role for mainstream devices? Will daring foldable phones like Samsung’s upcoming Galaxy X/Galaxy F/Galaxy Fold come in only black? Whatever happens, it’s a sure bet that phone makers won’t give up the need to find a competitive edge any way they can.”We always want to be the pioneers in the industry. We need to move on to the new thing,” Kim said of Huawei. “We’re not going to stay where we’re at right now.”First published Feb. 16, 4 a.m. PT.Update, Feb. 16 at 7 p.m.: Updates article throughout.March 2 at 10:54 a.m. PT: Corrects spelling of Barbara Kahn. Pixel 3 in Not Pink is pretty accurate. Shot with things that are actually pretty pink, and things that are actually pretty white #madebygoogle #Pixel3 @CNET pic.twitter.com/9o7lcI7kTs— Jessica Dolcourt (@jdolcourt) October 9, 2018center_img 3:49 Share your voice Aug 31 • Your phone screen is gross. Here’s how to clean it The Galaxy S10 in Canary Yellow and Flamingo Pink. The foldable Galaxy Fold in Martian Green. OnePlus 6T in Thunder Purple. The list goes on. Every sales figure and expert tells us that people buy phones for their camera, battery and screen. But any product designer or marketer will tell you that color and finish matter, too.Just think. If color were inconsequential, why bother coming up with fancy names like Jet Black, Phantom Blue and Prism White, rather than simply black, blue and white? Why even have white at all?”Color has always been a very important visual element,” said Barbara Kahn, professor of marketing at The Wharton School. “It’s something people notice right away.”The OnePlus 6T in Thunder Purple. Angela Lang/CNET Shelf appeal is important when selling any product. It’s what gets a thing noticed. But a colorful phone can be personal and meaningful as well.”Color gives us joy in our lives,” said Isabelle Olsson, who helped lead the team that designed the Pixel 3 in Not-Pink. I hear echoes of Marie Kondo’s treatise on sparking joy. “We’re craving something new,” she added, not just “black, glossy boxes.”Apple is a good example of this philosophy. For years, the most “special” iPhone colors have been white, gold, rose gold and jet black, all fairly neutral tones. Only with the cheaper iPhone XR and iPhone 5C did it let its hair down with bold blue, yellow and coral choices to offset the polished stoicism of the higher-end iPhones. The one exception: the special-edition red iPhone, born of a partnership with the nonprofit Product RED charity. Honor View 20’s hypnotic colors will make your jaw drop Aug 31 • Best places to sell your used electronics in 2019 Apple Comments Phones Tags Google Huawei LG Samsung Applelast_img read more

Toy Story 4 shows how far Pixars animation has come

first_img Toy Story 4, in theaters now, brings back familiar characters like Woody (Tom Hanks), Buzz Lightyear (Tim Allen) and Jessie (Joan Cusack) alongside new toys like Duke Caboom (Keanu Reeves), Forky (Tony Hale), Ducky (Keegan-Michael Key) and Bunny (Jordan Peele). Picking up where Toy Story 3 left off, Andy has passed his beloved toys to Bonnie, who’s getting ready to start kindergarten. She’s nervous about school, and Woody wants to help by tagging along, even though toys aren’t allowed. His decision ultimately leads the gang on a journey far from home as Woody does everything he can to keep Bonnie happy.Over the last two decades, advancements in Pixar’s animation tools have allowed it to create scenes and characters that wouldn’t have been possible in earlier films, such as Hank the octopus’ intricate movements in 2016’s Finding Dory and that opening rain scene in Toy Story 4. Still, Pixar has made sure to stay true to the look and feel of characters in each sequel. That’s no simple task. Because software evolves from movie to movie, filmmakers have to rebuild the characters every time.”If we try to use Toy Story 2 Woody, it’s like putting a CD-ROM into a Blu-ray player,” director Josh Cooley says. “It just wouldn’t work.”toystory45ce40d042d373We’re introduced to new characters like Forky in Toy Story 4. Disney/Pixar After re-creating the characters, animators enhance them and add far more detail. In Toy Story 4, for example, they added fibers and weave to Woody’s clothing, and characters like Andy have a more smooth, realistic appearance. Filmmakers reference previous films to ensure visual consistency and check that characters animate the same way they always have. “We’ve created this world,” says production designer Bob Pauley. “We don’t want to mess with it.”Raising the barToy Story 4, which lands in US theaters June 21, opens with a flashback scene from nine years ago showing pouring rain outside Andy’s house. The incredibly realistic storm scene wouldn’t have been possible in earlier films, Pauley says. In fact, in the first Toy Story movie, filmmakers wanted to create a rainstorm in the scene where Woody and Buzz are trapped in Sid’s room. But they were limited by both the technology and experience on the team.So they came up with a compromise. Instead of showing pouring rain outside, they created shots showing rain dripping on the window from inside the bedroom. That way, they could more vaguely illustrate that it was raining outside without having to create the droplets.”It was every bit as emotional and important to the storytelling, but we just used a creative way to not have to do rain,”  Pauley says.antique-01The antique shop features millions of objects. Disney/Pixar More advanced effects tools available today allowed Pixar to create realistic rain droplets in Toy Story 4’s opening sequence. Dust can also be added for atmosphere on floors, cabinets and rafters, and cobwebs add an ominous touch to darkened nooks and crannies. Shots of an antique mall were also an opportunity for Pixar to push its limits by creating millions of objects such as lamps, dishes and toys to create a realistic image of a crowded shop. 2 More Toy Story 1:49 Pixar’s Toy Story 4 brings new characters, cutting-edge… 2019 movies to geek out over Comments Now playing: Watch this: TV and Movies Tags Perhaps the biggest development since the first Toy Story is how images involving light are rendered. In the first film, creating a simple reflection off a mirror took about half a day to set up, says global technology supervisor Bill Reeves. Today, it’s essentially automated. A mirror simply has to be modeled with a reflective surface and tagged in the right way. Whereas before the work was in adding the reflections, the difficulty now lies in removing them if they’re distracting in a scene.Producer Jonas Rivera says they’ve pushed the bar on Toy Story 4, but they’ve also maintained visual consistency. “Our hope is that if you watched all [the movies] back to back, they would still have a continuity,” Rivera says. “You would definitely see the progression, but we worked hard in the art department in the way we shot the film to maintain that connectivity.”End of an era?Many critics and viewers thought Toy Story 3 was a perfect (albeit heartbreaking) ending to the film franchise. Which is why it came as a surprise to some people — including the filmmakers — that there would be a fourth installment. TOY STORY 4Enlarge ImageThe toys are back for another adventure — and maybe the last. Disney/Pixar “All of us have felt that each of these Toy Story movies were the end when they happened, so all of us are a little surprised even that we were making 4,” says producer Mark Nielsen. Still, Rivera, Nielsen and Cooley say this could in fact be the final Toy Story film. Even Tom Hanks, who voices Woody, has said Toy Story 4’s ending is “a moment in history.” (In other words: Get your tissues ready.) And, whatever it’s worth, he’s also said he could see there being a fifth film.”You never know,” Nielsen says. “But our focus has really been on making Toy Story 4 a complete film that falls in line with the others.” Share your voice Toy Story 4 review: Hilarious jokes barely save a story lacking stakes Toy Story 5 isn’t planned, but it ‘wouldn’t surprise’ star Tom Hanks Originally published June 18.  Toy Story 4 hits theaters in the US on June 21. Disney/Pixar In 1995, when Pixar released Toy Story, the first feature-length computer animated film, the studio pushed the limits of what was possible when it illustrated rain with smudges on a window rather than individual droplets. Fast forward 24 years to Toy Story 4, and viewers will see a remarkably life-like, detailed storm that shows the impact of raindrops on objects and water gushing in the street.  Pixar’s technology has come a long way in two decades. 77 Photos Pixarlast_img read more

Dhaka demands climate compensation in Berlin conference

first_imgBerlin Climate and Security Conference held on Wednesday, 5 June 2019. Photo: UNBState minister for foreign affairs Shahriar Alam has asked for climate justice that needs to be established and demanded compensation and adequate financial and other assistance for adaptation measures.He called for more concrete global coordination and insisted that the developed countries and the countries responsible for producing huge amount of greenhouse gases must triple their nationally determined commitments (NDCc) if they want to limit the rise of global temperature below two degree centigrade and preferably up to 1.5 degree centigrade, reports UNB.Atthe Berlin Climate and Security Conference held on Wednesday, Alam mentioned that for the persons displaced due to climate change, migration and relocation are options to consider, according to the foreign ministry.The conference discussed the existential threat to human civilisation as a whole due to ever worsening climate change and the grave danger it presents to the physical and political security of different countries and even individuals.To deal with climate change related displacement, Alam called for new binding legal instrument as the existing instruments are not adequate and are mostly voluntary.The state minister described the grave threat of climate change to Bangladesh and explained how, if continued in the same fashion, this will cause extreme devastation to every sector of Bangladesh endangering all the achievements.Alam mentioned the actions and strategy under the leadership of prime minister Sheikh Hasina to fight the adverse impacts of the climate change.He said that Bangladesh and similar countries contributed nothing to the issue of climate change but they were the worst victims due to irresponsible activities of some developed and other states.He also mentioned the Rohingya crisis and compared it with global climate change calamity as both of them produce similar devastation.As there were proposals from other participants to refer the climate change and the security nexus to the Security Council of UN, the state minister called for considering the issue necessarily as a development concern which should be covered by all organs and agencies of UN.He demanded true implementation of the Paris Agreement, 2030 Development Agenda (SDGs) and the Sendai Framework and continuation of existing facilities for LDCs after graduation as effective measures to fight climate change.This annual conference was organised by the German Federal Foreign Office, independent German think tanks Adelphi and Potsdam Institute of Climate Research, and the German foreign ministry project ‘Climate Diplomacy’.President of Nauru, deputy prime minister of Belgium, foreign and state ministers of Germany, Sweden, Ghana, Maldives, Malta, Palau, UK, Cote d’Ivoire, Afghanistan, former US secretary of state John Kerry, Filippo Grandi, UN High Commissioner for Refugees, foreign secretaries of different countries and scores of high officials and academicians from several leading think tanks of Europe participated in this year’s conference.last_img read more

New research provokes more questions about the origin of the moon

first_imgMoon. Photo courtesy of NASA Journal information: Nature Geoscience More information: The proto-Earth as a significant source of lunar material, Nature Geoscience (2012) doi:10.1038/ngeo1429AbstractA giant impact between the proto-Earth and a Mars-sized impactor named Theia is the favoured scenario for the formation of the Moon. Oxygen isotopic compositions have been found to be identical between terrestrial and lunar samples, which is inconsistent with numerical models estimating that more than 40% of the Moon-forming disk material was derived from Theia. However, it remains uncertain whether more refractory elements, such as titanium, show the same degree of isotope homogeneity as oxygen in the Earth–Moon system. Here we present 50Ti/47Ti ratios in lunar samples measured by mass spectrometry. After correcting for secondary effects associated with cosmic-ray exposure at the lunar surface using samarium and gadolinium isotope systematics, we find that the 50Ti/47Ti ratio of the Moon is identical to that of the Earth within about four parts per million, which is only 1/150 of the isotopic range documented in meteorites. The isotopic homogeneity of this highly refractory element suggests that lunar material was derived from the proto-Earth mantle, an origin that could be explained by efficient impact ejection, by an exchange of material between the Earth’s magma ocean and the protolunar disk, or by fission from a rapidly rotating post-impact Earth.Press release (PhysOrg.com) — It’s beguiled watchers since before records were kept, and today still, it fills poets with pensive musings, and scientists with enchanting questions. Where did the moon come from, and how did it get there? The prevailing view is that a planet named Theia entered out solar system and banged into our planet with sufficient force to push some of the molten material from our planet into orbit. Over time, that material coalesced to form the moon. Now, new research from geophysical scientist Junjun Zhang and colleagues, suggests that such thinking might be wrong. In their paper published in Nature Geoscience, they find that in comparing titanium isotopes from both the moon and the Earth, that the match is too close to support the theory that the moon could have been made partly of material from another planet. Earth’s makeup found to be more diverse than previously thought © 2012 PhysOrg.comcenter_img Scientists had already found that oxygen isotopes from the Earth’s mantle and the moon were nearly identical, but that wasn’t enough to put a dent in the theory that a collision with Theia had created the moon because oxygen isotopes from the Earth could have mixed with isotopes from the mass of molten material circling the planet after impact. Now, though, because titanium isotopes are not nearly so easily exchanged, it’s difficult to theorize that the same sort of mixing could have occurred.Most scientists agree that if a planet had smacked into Earth and the moon came about as a result, than the moon ought to be made of some of that other planet as well. Some say the laws of physics suggest it would be somewhere in the neighborhood of forty percent. If that’s the case, why don’t studies of rocks brought back by the Apollo missions show evidence of this other planet?Some suggest the moon didn’t come about as a result of an impact at all, but from parts of the Earth being flung into orbit due to a faster spin than we now have. Unfortunately, there is no evidence thus far to support the notion that the Earth ever spun that fast. Others suggest that perhaps it wasn’t a planet that struck the Earth but an object made of ice, which would have evaporated leaving no evidence behind that it caused a huge chunk of the Earth to be knocked into orbit.And some, despite the new evidence, still cling to the belief that it could have been Theia, if Theia were made of nearly the exact same stuff as the Earth, meaning the isotopes would be the same. The odds for that are pretty slim, but not impossible. Hopefully new research will one day provide us with a definitive answer. Until that day though, it seems we will all have to just keep on musing. Explore further Citation: New research provokes more questions about the origin of the moon (2012, March 26) retrieved 18 August 2019 from https://phys.org/news/2012-03-provokes-moon.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

Majority of Global Merchants Fall Short on Card Data Security Compliance

first_img This story originally appeared on Reuters March 11, 2015 Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards, putting them at increased risk of cyberattacks, according to a new report by Verizon Communications Inc.Businesses must be vigilant in maintaining security to remain compliant with the Payment Card Industry Data Security Standard (PCI DSS), required by payment card issuers. Most of the companies have a tendency to run upgrades of security software and hardware only when they approach an annual compliance check, according to Verizon.The report, which gathered data in 30 countries by assessing more than 5,000 merchants including retailers, financial institutions and hospitality firms among others, found only 20 percent of those tested to be fully compliant less than a year after installing security safeguards.From 2013-2014, overall compliance went up by 18 percentage points for 11 out of the 12 payment data security standards.The report acknowledged the standards are only a baseline, an industry-wide minimal acceptable standard. The volume and scale of breaches in the past 12 months have shown that this is not stopping attackers, Verizon said.However, out of all the data breaches in the past 10 years that Verizon studied, not a single company was found to be compliant at the time of the breach.Credit and debit cards account for two-thirds of purchases by value in the United States. A further $2.17 trillion is spent via electronic methods, such as PayPal and mobile payments — many of which are ultimately backed by card transactions, the report said.(Reporting by Nandita Bose; Editing by Jim Finkle and Ken Wills) Growing a business sometimes requires thinking outside the box. 2 min read Register Now »last_img read more