NetSpend 2013 Annual Report Download - page 33

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• TSYS does not convert and deconvert clients’
portfolios as scheduled;
• risks associated with foreign operations,
including adverse developments with respect to
foreign currency exchange rates;
• adverse developments with respect to entering
into contracts with new clients and retaining
current clients;
• consolidation in the financial services and other
industries, 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 financial
institutions which are TSYS clients otherwise
ceasing to exist;
• the impact of the Dodd-Frank Wall Street Reform
and Consumer Protection Act on TSYS and its
clients;
• adverse developments with respect to the
payment card industry in general, including a
decline in the use of cards as a payment
mechanism;
• the impact of potential and completed
acquisitions, particularly the NetSpend
acquisition, including the costs associated
therewith, their being more difficult to integrate
than anticipated, and the inability to achieve the
anticipated growth opportunities and other
benefits of the acquisitions;
• 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’ reliance on financial institution sponsors;
• changes occur in laws, rules, regulations, credit
card association rules, the prepaid industry, or
other industry standards affecting TSYS and its
clients that may result in costly new compliance
burdens on TSYS and its 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;
• one or more of the assumptions upon which
TSYS’ earnings guidance for 2014 is based is
inaccurate;
• the effect of current domestic and worldwide
economic conditions;
• 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, 2013 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.
Subsequent Events
On February 11, 2014, with cash on hand, the
Company acquired an additional 15% equity interest
in CPAY from CPC Holding Company, LLC, a
California limited liability company. This purchase
reduced the remaining redeemable noncontrolling
interest in CPAY to 25% of its total outstanding
equity.
31