The Texas-based company ATX Innovation has created the TabbedOut app, a free iPhone and Android app (BlackBerry support coming soon, according to ATX) that lets you open and pay your bar tab right from your phone.
TabbedOut is integrated with particular restaurants or bars, meaning that you can only use this app at participating locations. With TabbedOut, you can always keep track of how many Pinot Grigios you've had!
Implications - The recent economic recession has left many consumers feeling extremely wary and insecure about their financial situation. Businesses that provide products that aim to make managing one's money more efficient, convenient and simpler, will appeal to a large audience today. Consumers will be drawn to businesses that demonstrate a willingness to improving consumer lifestyles.