A powerful group of corporate investors led by J.P. Morgan & Co. have banded together to form a firm that will specialize in settling and processing business-to-business Internet payments.

The formation of Miradiant Global Network Inc. was announced Monday by its backers, who have put in $16.75 million so far. They include LabMorgan, the e-finance unit of J.P. Morgan; Lehman Brothers; MSD Capital, the private investment firm of the computer magnate Michael Dell; TL Ventures; and Impact Venture Partners.

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