Bill Me Later finds a Diamond in the Rough

Red Bank, April 7, 2009/The FraudBlog Newsletter/- Bill Me Later will soon allow consumers and businesses to pay their federal taxes through Metavante Corp.'s Link2Gov subsidiary. If the deal goes through, Metavante should gain additional transaction volume and Bill Me Later should gain an increase in loan volume. This partnership will grant Bill Me Later access to the huge and potentially lucrative deep tax-payment market. Taxpayers will have to pay 2.49% of the payment amount in the form of a convenience fee. Metavante plans to enable tax payments by Bill Me Later customers to state, county and municipal governments at an unspecified date.