November 6, 2018 / 10:06 AM / 10 days ago

Fintech group FIS and LVMH join up on payments deal

Nov 6 (Reuters) - FIS/LVMH:

* FIS corporate payments factory connects French luxury goods conglomerate LVMH Group to new SWIFT Global Payments Innovation (gpi).

* FIS says deal will allow LVMH to improve efficiency and traceability of its cross-border payments

* LVMH Group plans to expand its SWIFT gpi implementation across its full cross-border payment network, which processes more than 1.5 million payments annually.

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