Alternative Bill Payment Service RaisesVenture Funds
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.