NetSpend 2012 Annual Report Download - page 27

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Please find page 27 of the 2012 NetSpend annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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• adverse developments with respect to entering
into contracts with new clients and retaining
current clients;
• continued consolidation and turmoil in the
financial services and other industries during
2013, including the merger of TSYS clients with
entities that are not TSYS processing clients, the
sale of portfolios by TSYS clients to entities that
are not TSYS processing clients and the
nationalization or seizure by banking regulators
of TSYS’ financial institution clients;
• the impact of the Dodd-Frank Wall Street Reform
and Consumer Protection Act on TSYS and our
clients;
• adverse developments with respect to the credit
card industry in general, including a decline in
the use of cards as a payment mechanism;
• TSYS is unable to successfully manage any
impact from slowing economic conditions or
consumer spending;
• the impact of potential and completed
acquisitions, particularly the pending NetSpend
acquisition, including the costs associated
therewith and their being more difficult to
integrate than anticipated;
• the costs and effects of litigation, investigations
or similar matters or adverse facts and
developments relating thereto;
• the impact of the application of and/or changes
in accounting principles;
• TSYS’ inability to timely, successfully and cost-
effectively improve and implement processing
systems to provide new products, increased
functionality and increased efficiencies;
• TSYS’ inability to anticipate and respond to
technological changes, particularly with respect
to e-commerce;
• changes occur in laws, rules, regulations, credit
card association rules or other industry standards
affecting TSYS and our clients that may result in
costly new compliance burdens on TSYS and our
clients and lead to a decrease in the volume and/
or number of transactions processed;
• successfully managing the potential both for
patent protection and patent liability in the
context of rapidly developing legal framework
for expansive patent protection;
• the material breach of security of any of our
systems;
• overall market conditions;
• the impact on TSYS’ business, as well as on the
risks set forth above, of various domestic or
international military or terrorist activities or
conflicts;
• other risk factors described in the “Risk Factors”
and other sections of TSYS’ Annual Report on
Form 10-K for the fiscal year ended
December 31, 2012 and other filings with the
Securities and Exchange Commission; and
• TSYS’ ability to manage the foregoing and other
risks.
These forward-looking statements speak only as of the date on which they are made and TSYS does not intend to
update any forward-looking statement as a result of new information, future developments or otherwise.
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