Restaurant stops taking cash after burglaries

OAKLAND, CA (CNN/KGO) — At a restaurant called Alamar in Oakland, the owner decided to stop taking cash after they were burglarized New Year’s Eve.

“We put a sign at the door, no cash. Less of a chance to get burglarized,” said owner Nelson German.

For less work and faster transactions they’re promoting electronic mobile payments.

“A big return with Apple pay. Apple pay’s the biggest thing too. A lot of people have used it here already, so that’s kind of a reason why we’re changing it this way too. it’s just you scan it and you go.”

E-commerce analysts are reporting that while a substantial one-third of businesses now offer Apple pay, only 13 percent of iphone users have been willing
to give it a try, and they say that’s an extremely low adoption rate among Apple’s loyal user base.

Right now many clerks are confused on how to guide consumers through an electronic payment  and shoppers are hesitant because of their concerns about security breaches. Experts put part of the blame lies with Apple.

“There have to be incentives in place. Apple is good at marketing. It really surprises me they haven’t been more aggressive about this,” said SF State University Professor Sanjit Segupta.

Once 20 percent of us are swiping our phones, it will be considered to have gone “mainstream.”