THE CONNECTED DEVICE PAYMENTS REPORT: Market opportunities, top stakeholders, and new use cases for the next frontier in payments
By Evan Bakker The rapid expansion of the Internet of Things (IoT) offers payments companies an opportunity to expand beyond mobile phones, cards, and point-of-sale devices, to a broad and diverse ecosystem of internet-connected devices. We forecast that there will be…
Cayman Islands further extends US/UK FATCA deadline
From DMS The Cayman Islands Department of International Tax Cooperation (DITC) has again extended the notification and reporting deadlines for both UK CDOT and US FATCA. Notifications and reports are now due by Friday, September 2, 2016. There will be…
An Android bug could put as many as 900 million phones at risk
By James Walker, Digital Journal From Business Insider The bug has been named “Quadrooter” by the team of Checkpoint Security researchers who discovered it. The vulnerabilities were detailed at the DEF CON hackers conference in Las Vegas last week. Quadrooter…
Business groups See ‘Home Run’ with Trump’s lower corporate tax
From Newsmax Small-business and manufacturers’ groups praised a proposal by Republican presidential candidate Donald Trump to take the U.S. federal corporate tax from the highest to one of the lowest among developed nations. Trump included a call for a…
Gusto for gold mines
By Alice Gomstyn From The Financialist It’s been a good year for gold. Gold spot prices hit $1,360 per ounce in early August, up 28% percent since the beginning of the year, buoyed by low interest rates and more recently,…
Xfaire’s plan for internet TV has almost everything
By Richard Lawler From engadget Even though Aereo didn’t make it, we’ve seen more movement towards internet TV that replaces traditional cable or antenna in the last year than ever before. This year at CES, I spoke to a startup that…
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Improved budgeting process on the horizon in Saint Kitts and Nevis, as ECLAC wraps-up training
A recent training workshop facilitated by the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean has “opened the eyes” of the Ministry of Finance of Saint Kitts and Nevis on how budgeting can be…
Apple announces $200,000 bug bounty program
By Andrew Dalton From engadget The company is changing its tune on outside security researchers. Unlike many of the other major tech companies, Apple has never had a formal bug bounty program or corporate policy for welcoming outsiders who poke holes…
Cayman Islands Monetary Authority warns of counterfeit notes in circulation
The Cayman Islands Monetary Authority (CIMA) has been made aware by the Financial Crimes Unit (FCU) of the Royal Cayman Islands Police Service that they are in receipt of counterfeit KYD notes, which were collected during the period 12-26 July….
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Sir Ronald Sanders: IMF double standards
By Sir Ronald Sanders From Barbados Today The International Monetary Fund (IMF), which has tormented small Caribbean economies for five decades with austerity measures and fierce conditionalities, has been exposed as adopting utterly different standards towards Europe, especially the countries…
