TIMONIUM, Md. - (04/04/06) -- I4 Commerce, the provider of theBill Me Later payment service, raised $27.4 million in a round ofventure funding led by Crosspoint Venture Partners, Azure CapitalPartners and GRP Partners. Bill Me Later is an alternative to cardsfor online merchants. Consumers making a purchase provide theirdate of birth and the last four digits of their Social Securitynumber for authorization. The consumer is billed by mail or email.Merchants that offer I4 include Walmart.com, Overstock.com, AmericaWest Airlines, and hotels.com.
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The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
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AlumniFi, the digital banking arm of Michigan State University's official credit union, is now an official bank partner for the NCAA's Big East conference.
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