30/11/2021  ore 11:01   
   Chi siamo  |  Parlano di noi  |  
 HOME |  PRIMO PIANO |  Economia |  Convegni corsi |  Sport |  Eventi |  Promo
 
Mergers: Commission approves acquisition of Nets' account-to-account payment business by Mastercard, subject to conditions  

20/08/2020 | Economia |  Daily News 18 / 08 / 2020

Source: European Commission Spokesperson's Service  




The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Nets' account-to-account payment business by Mastercard, subject to conditions. The Commission found that the transaction, as originally notified, would have raised competition concerns in the EEA market for account-to-account core infrastructure services (“A2A CIS”) in relation to managed solutions. The Commission was concerned that the proposed acquisition would harm competition and lead to higher prices and less choice in the market for the provision of A2A CIS as managed services. To address the Commission's concerns, Mastercard and Nets offered to transfer to a suitable purchaser a global license to distribute, supply, sell, develop, modify, upgrade or otherwise use Nets' Realtime 24/7 technology, with which the target business currently competes in A2A CIS tenders. The transfer also includes all necessary personnel and services, such as consultancy services and transitional support services, including access to all necessary components and capabilities to provide managed services based on Nets' Realtime 24/7 technology. The proposed commitments fully address the Commission's competition concerns, as they will increase competition in the market for the provision of A2A CIS as managed services in the EEA, by allowing a new player to effectively and credibly compete in this space. The Commission therefore concluded that the proposed transaction, as modified by the commitments, no longer raises competition concerns in the EEA. Executive Vice-President Margrethe Vestager, responsible for competition policy, said: “Companies and citizens seek competitive and innovative payment solutions for their banking transactions. This merger, as originally notified, would have significantly reduced competition in the market for account-to-account core infrastructure services and undermined the development of new real-time payment solutions, which are becoming increasingly important. Today's decision ensures that effective competition is preserved and facilitates the emergence of a new provider of real-time payment infrastructure services in the European Economic Area.”  A full press release is available online.

« Indietro   
Tag clouds
acquisition business core have infrastructure necessary provision Realtime this time transfer would address competition Mastercard Nets notified solutions that 24/7 commitments concerns European managed originally services technology account Commission market merger payment proposed real transaction which
Ultime news - tutte le categorie
Economia
  Industria Padova Treviso - La spinta da export e investimenti. Produzione avanza del +13%, sopra i livelli pre-covid
29 novembre 2021
Convegni e corsi
  Il Mercato Elettronico della Pubblica Amministrazione (MePA)
26 novembre 2021
Sport
  Tra i 500 del Cross Csi di Sedico De Nard e Dal Ri
19 novembre 2021
Eventi
  Premio - Innovazione sociale e sviluppo sostenibile - terza edizione | Presentazione domande: dal 3 Gennaio al 1° Marzo 2022
29 novembre 2021
Promozione
  Incontra l''azienda Copy Solutions Srl e i suoi prodotti. Venetodotcom: comunicato di benvenuto!
25 novembre 2021