Amazon.com Offers New Payment Method

According to the article Amazon payment services debut in ComputerWorld.com;

Amazon.com Inc. on Tuesday launched hosted e-commerce payment services for merchants that want to outsource all or some of their online transaction processing tasks.

The two new offerings, called Checkout By Amazon and Amazon Simple Pay, are the latest services for businesses introduced by Amazon, which is best known for its massive online retailing operation.

It will be interesting to see if this new service will have an impact on eBay's PayPal system.