NetSpend 2014 Annual Report Download - page 40

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• 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, 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, prepaid industry rules, 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 or limit the
types and amounts of fees that can be charged to customers;
• 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 2015 is based is inaccurate;
• the effect of current domestic and worldwide economic and geopolitical 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, 2014 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
In the first quarter of 2015, TSYS completed the conversion of Bank of America’s consumer card portfolio from its
in-house processing system to TSYS’ processing system.
Management performed an evaluation of the Company’s activity as of the date these audited financial statements
were issued, and has concluded that, other than as set forth above, there are no significant additional subsequent
events requiring disclosure.
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