Seeking to generate additional income from one of its core business lines, Wachovia Corp. has agreed to provide cash management services to commercial customers of Wells Fargo & Co.

Under the arrangement, announced last week, San Francisco-based Wells will offer "controlled disbursement" services and copies of checks on CD- ROM to its middle- and upper-market customers through Wachovia's East Coast disbursement center in Columbia, S.C.

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