The Competition and Markets Authority (CMA) has intervened in the £12.5 million acquisition of payment software firm Experian Payments Gateway (EPG) by hte US’s Bottomline Technologies, saying it poses a competition risk.
Last May the CMA issued Bottomline with an enforcement order as it began an investigation into the firm’s buyout of EPG.
Both companies provide payments software that is used by organisations to operate payrolls, pay suppliers and submit direct debits.
The Experian Payments Gateway is software that facilitates faster payment processing for organisations that handle high volumes of payments or have complex processing requirements. The gateway also runs software that can