How to use a company Bing license in MapInfo Pro

Products affected: MapInfo Pro™, MapInfo Professional®
Since version MapInfo Professional® 12.5 there is the possibility for a Company to purchase a Bing license key directly from Microsoft and enter that license key information into MapInfo Professional.
This license will make the whole package of Bing features available:
  • Bing Aerial
  • Bing Hybrid
  • Bing Streets
  • Move Map to (Bing search) 
In the 32bit version this feature is available under:
Help > Licensing > Enter Bing License Key

In the 64bit version the feature can be found under:
Pro > Licensing > Bing License Key
UPDATED:  June 14, 2018