UK Watchdog Worried About Payment Software Merger

Law360 (October 7, 2019, 8:28 PM EDT) -- The United Kingdom's antitrust enforcer has been looking into the merger of two payment software companies and is officially concerned the deal could mean higher prices and reduced competition, it revealed Monday.

The Competition and Markets Authority gave Bottomline Technologies a week to assuage concerns raised by the watchdog's preliminary probe into the payment company's March acquisition of rival Experian Payments Gateway. If it doesn't hear any solutions by Oct. 14, it will be launching an in-depth investigation, the CMA said.

Both companies make software that businesses use to direct-deposit their employees' salaries.

"Payment software is critical to many businesses in the U.K....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!