Making good on a promise to move quickly, the owners of the bill-presentment venture Spectrum said they have begun testing their system and expect to be ready to roll it out before yearend.

Just over three months after announcing their joint venture, officials at Chase Manhattan Corp., Wells Fargo & Co., and First Union Corp. said in an interview at American Banker's Financial Services in Cyberspace conference that they have achieved the important first step of getting their respective systems to communicate with one another.

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