Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
Why should kids get to have all the fun? While bulk candy and frozen yogurt are often found in self-service establishments, beer has remained behind the counter.
Now, that is beginning to change, along with the role of bar tenders. Pour My Beer is a company that sells the software and hardware to bars that facilitates self-serving beer and wine.
One night at a busy local bar with a couple of friends, Josh Goodman told CNBC's "On the Money" that he "couldn't get a drink and I said there has to be a better way." Goodman is the founder and CEO of Pour My Beer.
The solution was taps with touch screens that let customers play bar tender. To start, the customer purchases a pre-paid card from the bar. Then they go to a tap and fill their glass as much as they would like, paying by the ounce.
The system even includes what is known as a "responsibility limit:" After every two drinks, service is paused until a staff member deems a customer can be re-served.
"Guests love being interactive and touch screens and having control of what you want to taste, and how much you want to taste," said Jacqueline Munson, the founder of Paloma Rocket, the first bar in New York City to use Pour My Beer's technology.
Meanwhile, concept is taking off. Pour My Beer's technology is now found in 280 locations around the globe, including Caesars and MGM in Las Vegas, and both the O'Hare Airport in Chicago and General Mitchell Airport in Milwaukee.
"We're now on cruise lines. We're doing some things in Brazil for the Olympics," Goodman told CNBC.
As the new technology takes off, there are worries about bartenders losing their jobs. However Goodman said they play an important role in the new system.
"Bartenders are always going to have a home in our concept," he said. "We found we are actually taking the wall down between the bartender and the consumer, and we're letting the bar tender leave behind the bar and go interact with the customers."
Goodman added: "They're able to tell them a little more about the beers and build more rapport."
And tipping is here to stay. The price per ounce includes the tip.
On the Money airs on CNBC Saturdays at 5:30 am ET, or check listings for air times in local markets.