Microsoft has launched a single point-of-place from which you will now be able to handle and manage all your payment options for Microsoft product and services. With the launch of this site, Microsoft will now be offering you a unified payment system.
Called “Your Account”, Microsoft Account will be a consolidated billing portal, that will let you view your purchases from Microsoft online services and update your account and payment options, information, subscription and view all your transactions too.
These would include your payments for Windows Phone apps, Hotmail paid option, Zune, XBox subscriptions and Microsoft Office services.
Hat tip: @WinObs.
There are also unconfirmed news reports going around that Microsoft is planning to kill the Windows Live branding. The Windows Live Apps will be included in Windows Communications and the Windows Live ID into this Microsoft Account branding, but we will talk about it once we see some official statement from Microsoft.