ATLANTA - Chase Manhattan Corp. has signed a multiyear extension of its contract with CheckFree Holdings Corp. for electronic bill payment services. Terms were not disclosed.Chase, with First Union Corp. and Wells Fargo & Co., is developing Spectrum, a bank-owned electronic bill payment and presentment service that is being positioned as an alternative to CheckFree, which dominates the business.

Spectrum plans to have payment capabilities for electronically presented bills this spring and will have the ability to pay anyone, including recipients that cannot get payments electronically, by yearend.

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