ComCom indicates concerns with Ingenico, Paymark merger

Wed, 11 Jul 2018

By Sophie Boot July 12 (BusinessDesk) - The Commerce Commission has indicated it has concerns with French payments systems provider Ingenico's planned acquisition of Paymark, as it might substantially lessen competition. The regulator has published a letter of issues sent to Ingenico outlining concerns a merged entity might have the "ability and incentive to foreclose rival terminal suppliers, harming competition for merchants seeking terminals or those seeking a solution that integrates a terminal and a digital payment service (for onlin...

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