Five big-name firms in the financial services and technology arenas have joined forces to create a company they hope will truly Web-enable payments in business-to-business e-marketplaces.

The new creation, aptly dubbed, is the product of an alliance between Wells Fargo & Co., New York-based Citigroup Inc., Atlanta's S1 Corp., Enron Broadband Services and Dallas-based i2 Technologies Inc. It will provide buyers and sellers in e-marketplaces with payment processing and other financial services through a variety of participating institutions, along with the infrastructure to move money quickly. In doing so, the companies say a major void will be filled-namely, allowing businesses to settle entire transactions online, rather than having to wire money or write checks.

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