Wells Fargo & Co. and Citigroup Inc., seeking to fill a major void, are teaming up with three technology firms to create a company that would facilitate payments at hundreds of Internet business-to-business marketplaces.

The venture, FinancialSettlementMatrix.com, is considered the banking industry's first comprehensive effort to bring payment capabilities to digital marketplaces. The companies behind it say it will pull together the numerous payment mechanisms being developed in more of a piecemeal fashion by dozens of banks and technology firms.

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