Timonium, Md. - Online retail giant Amazon.com (NASD: AMZN) on Tuesday launched a new payment option developed by Bill Me Later, which allows customers to pay for their purchases online without using a credit card. The move comes eight months after Amazon first announced plans to make an equity investment in the company as part of a larger partnership. The Maryland company's service allows shoppers to provide their birth date and last four digits of their social security number, and receive a bill in the mail.

Seattle - Online retailer Amazon.com (NASD: AMZN) announced on Wednesday that it has made an equity investment in online payment technology provider Bill Me Later, which lets consumers shop online without entering credit card information.