Bank of America has released data on the growth in its online banking and bill payment services.

Bank of America has the most active online banking subscribers in the industry and has seen the most growth in the past year. The number of online bill pay customers has more than doubled since last May, when the bank announced it would offer the service free. About one-third of the bank's consumer deposit customers actively use Online Banking.

I4 Commerce, the company behind Bill Me Later, has announced the completion of a $23 MM financing round led by GRP Partners.

"Given our heritage of working with retailers globally over the last 25 years we are honored to lead this round," said Steven Lebow, Managing Partner of GRP Partners. "The Bill Me Later® value proposition is unique and compelling for both retailers and their customers. It is rare to find a company with such an experienced management team whose product has already achieved impressive industry endorsement. We look forward to continuing the expansion of I4 Commerce's reach over the coming years and further meeting the needs of today's multi-channel retailers and their customers." In addition to GRP Partners, the existing investors are Crosspoint Venture Partners, Azure Capital Partners, First Data Corporation and Paymentech.