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It is a pretty interesting model, however there's another site ( thats actually been around alot longer and isnt just for show, it actually processes payments for you, friends, family, roommates or groups. My roommates and I use to manage, split and pay bills. My alumni also uses a service from this site for managing and tracking group events, complete with payment processing, reporting and notifications. It's pretty cool - you should check it out!
Toggle Commented Apr 5, 2006 on You Owe Me at Terra Nova