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New tech modernizes the cash registerCall them the cash registers of the future. New technology from a company called Square enables business owners to turn their smartphones or tablets into registers. But not everyone is sold on it. CNET's Kara Tsuboi reports.
-The cash register at Gino & Carlo's Cocktail Lounge in San Francisco's north beach neighborhood outdates most of the patrons. -It's solid. You can't pick it up and run away with it. It's reliable. It never breaks. It's simple. It looks cool. My father used that register when he was a teenage. -But registers like this from the 1930s could make the endangered species list as more and more businesses favor modern technology. -You wanna sign that with your finger? -Yes. -Cheryl Burr, the owner of San Francisco's Pinkie's Bakery is testing out Square, a credit card reader that plugs into the audio jack of a tablet or smartphone for point-of-sale purchases. -They have a lot of things to work out still, but in general, it's a good program. The customers really seem to enjoy it. They think it's kind of a cool tech thing that we're doing. It kind of adds to the buzz about Pinkie's Bakery. -But there are some drawbacks. Square takes 2.75% per transaction. There's no option for paper receipts, only e-mail and text, and the system depends on a strong, reliable internet connection. -We'll give it a chance for probably a full year and see how they can make more improvements. -But if they don't then we may go back to the old way. -If I have the Square app open on my phone, I will sense when I'm closed to a Square-enabled establishment popping my profile up on the iPad and making the transition that much smoother and quicker. -Square definitely has been making some strides. It's got the 4 million dollars a day in daily transactions but still a really small portion of credit card transactions locally, but it's making headway. -Do you ever consider switching to something more modern like the-- -Why? For what reason? We love our register. -In San Francisco, I'm Cara Savoy, CNET.com for CBS News.