Technology

Dash Software LLC, a Brooklyn, N.Y.-based mobile payment provider that targets restaurants and bars, has raised $1.2 million in investment to launch its updated iPhone app in Manhattan.

The U.S. payments industry has long agreed to disagree on the way to properly route EMV debit transactions, stalling the country's shift to chip-based cards. First Data hopes its decision to support and share Visa's technology will finally break the stalemate.

Sterling Bancorp in Montebello, N.Y., has signed a long-term merchant servicing agreement with e-commerce and payment processing firm First Data Corp.

The payments industry still has much to do before anyone can claim mobile payments are secure. Many merchants, consumers, and processors are mistakenly comfortable with notion that encryption equals full security.

The Dutch startup Eaze introduced a "Nod to Pay" app for Google Glass that uses the headset's camera and ability to sense motion to enable Bitcoin payments.

Revel Systems and Index are partnering to bring the kind of personalized consumer messaging that's common in e-commerce to the countertops of retail stores.

IKaaz is launching a Near Field Communication mobile payments platform in Nigeria to take advantage of the proliferation of mobile devices locally and in other nations in Africa.

The e-commerce technology provider Live Gamer Inc. is incorporating MasterCard's MasterPass digital wallet into its checkout services.

Square has purchased BookFresh, a company that sells booking and appointment management technology to merchants.

Square is developing an app that allows people to place orders in advance of visits to Square merchants.