The rise of the internet, social media and smartphone devices, has radically changed consumers’ shopping habits, according to a new report by Deloitte.

The Central Bank of Ireland has today recommended the abolishment of its one cent and two cent coins. This follows on from a successful trial conducted in Wexford in 2013 where cash payments were rounded off to the nearest five cents.

Smartphones are being used more and more for corporate banking according to HSBC, with the firm predicting that $100 billion worth of corporate payments will be made on mobile devices within the next 18 months.

Visa has given its approval for payment technology certifier Fime to test compliance of its mobile handsets, chipsets and NFC technology.

Tappr, a Sydney-based mPOS company has formed a partnership with Mint Payments, integrating its POS application within Mint’s ‘‘card present’’ payment solution.

As part of New Zealand’s Connect Smart Week, a Government initiative that encourages better cyber security, MasterCard has published some tips for a safer and more secure online shopping experience.