Mr. Moneybags: First IOU App to Support Uneven Splits & Partial Payments

July 26, 2010 in Finance (E)

[] San Jose, California - Bacon Bear Productions today is pleased to announce the release and immediate availability of Mr. Moneybags 1.1, a beautiful iPhone/iPod touch application designed to track personal IOU's and aid users in quickly collecting on those debts later. Mr. Moneybags is the only app that lets you publicly "Shame" your friends (via Facebook) into paying back the debts they owe you as well as the only app to support uneven splits and partial payments. Unique features of Mr. Moneybags include:

* Tips & Splits: Easily calculate tips and split bills from within the app. Mr. Moneybags is the only app of its kind that also allows for uneven splits for those times you have the salad and your friend has the filet mignon

* Payment Tracking: Keep records of your friends' full and partial payments. You can even log payment methods and view detailed payment histories

* Contexts: Organize debts into "Contexts" that are associated with a preferred currency and people in a "favorites" list. For example, when entering a new IOU in your "Trip to Mexico" context, Mr. Moneybags will automatically use the preferred currency of "peso" and suggest the names of your travel buddies from the context's "favorites" list

* Consolidation: Save time with Mr. Moneybags' innovative mechanism for streamlining complex IOU payback. Even a four-person trip can quickly become complicated with over 16 payer/payee combinations, but with just a single tap, Mr. Moneybags generates a system in which all debtors pay a single "consolidation master", who handles payback. This system reduces the number of transactions and makes settling debts among your group effortless

* Debt Reminders: Send a gentle reminder email or even post a "Shame" to a friend's Facebook page to let him (and everyone else) know that payment is due ASAP

"Mr. Moneybags was designed to make the mundane task of entering IOU's easy and the collection part fun," said Jeff Lee, Bacon Bear's CEO. "Thanks to full address book integration and a customizable 'favorites' list, IOU entry is a snap. Collecting on those IOU's is just as easy. A single tap can send a gentle reminder email or, for those who need a bit more encouragement, post a "Shame" to a friend's Facebook page"

Device Requirements:
* iPhone and iPod touch
* Requires iOS 4.0 or later
* 2.1 MB

Pricing and Availability:
Mr. Moneybags 1.1.1 is only $0.99 USD (or equivalent amount in other currencies), as well as a free ad-supported download and available worldwide exclusively through the App Store in the Finance category.

Located in San Jose, CA, Bacon Bear Productions was founded in 2008 by its CEO Jeff Lee. Bacon Bear Productions focuses on producing small, useful, and beautiful apps such as "Poker Timer Pro", a poker tournament timer, and "Card Counting Practice", an app designed to improve blackjack card counting skills. Copyright (C) 2010 Bacon Bear Productions. All Rights Reserved. Apple, the Apple logo, iPhone and iPod are registered trademarks of Apple Inc. in the U.S. and/or other countries.


Jeff Lee
Bacon Bear Productions

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