A year-old consortium named XBRL.org is developing a standard for the online preparation and exchange of business reports and financial data.

The group has representatives from 55 global companies and is trying to enroll more banks. J.P. Morgan, Fidelity Investments, and Morgan Stanley Dean Witter & Co. are members, and Wells Fargo & Co. and Bank of America Corp. are considering using the consortium's standard, eXtensible Business Reporting Language, for some projects.

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