Competition & Markets Authority
Payment software deal does not raise competition concerns
Payments company Bottomline’s purchase of Experian Payments Gateway does not raise competition concerns, an in-depth CMA investigation has provisionally found.
The Competition and Markets Authority (CMA) has been investigating Bottomline Technology’s completed purchase of the Experian Payments Gateway (EPG) business from Experian Limited.
Bottomline and EPG provide payments software used by businesses to submit direct debits, make payroll payments and pay suppliers. This software allows customers of Bottomline and EPG to make payments via the Bacs and Faster Payments Direct Corporate Access systems.
After completing its initial Phase 1 investigation, the CMA was concerned that the merger may reduce competition and the merged company may increase prices, reduce product availability, or reduce its investment in innovation.
However, following further in-depth analysis carried out as part of a Phase 2 investigation led by an independent group of panel members, the CMA has now provisionally found that the merger is not likely to raise competition concerns. This is largely because the CMA has found that EPG was no longer a strong force in the market and that, following the deal, there remain enough alternative providers competing with Bottomline for customers.
The CMA also looked in more detail at the possibility that, under alternative ownership, EPG would have become a more active competitor than it was before the merger but provisionally determined that this was not the case.
The CMA now seeks views on these findings by 10 March 2020 and will assess all evidence provided before making a final decision.
The statutory deadline for the CMA’s final report is 5 April 2020.
For more information, visit the Bottomline Technologies (de), Inc / Experian Limited merger inquiry case page.
Latest News from
Competition & Markets Authority
CMA proposes reforms to Scottish legal services sector25/03/2020 13:38:00
The CMA has completed a research project to examine competition and regulation in the Scottish legal services sector.
CMA review of air traffic control charges25/03/2020 09:20:00
The CMA has released and is consulting on its provisional findings into a dispute between the CAA and NERL regarding air traffic control charges.
Music firms illegally prevented discounts, CMA alleges24/03/2020 15:38:00
The CMA has provisionally found that 2 more suppliers of musical instruments broke competition law by restricting online discounting for their products.
Andrea Coscelli CBE reappointed as CEO of Competition and Markets Authority24/03/2020 12:20:00
Business Secretary Alok Sharma reappoints Andrea Coscelli as the Chief Executive Officer of the Competition and Markets Authority.
Mergers between window blind companies raises competition concerns23/03/2020 10:25:00
Hunter Douglas’s purchase of 247 Home Furnishings Ltd raises competition concerns in the supply of made-to-measure window blinds, the CMA has found.
CMA launches Covid-19 taskforce20/03/2020 13:25:00
The CMA is today launching a taskforce to tackle negative impacts within its remit of the Covid-19 pandemic.
Paymentshield refunds customers over £380K for PPI breaches20/03/2020 09:20:00
Hundreds of customers are being refunded after insurance company Paymentshield failed to send important information about PPI policies.
CMA publishes annual plan19/03/2020 17:11:00
The CMA today publishes its annual plan for 2020/21 which sets out its key priorities for the year ahead.