Western Union 2010 Annual Report Download - page 6
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Please find page 6 of the 2010 Western Union 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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• failure to maintain sufficient amounts or types of regulatory capital to meet the changing requirements of our
regulators worldwide;
• deterioration in consumers’ and clients’ confidence in our business, or in money transfer providers generally;
• failure to manage credit and fraud risks presented by our agents, clients and consumers or non-performance
by our banks, lenders, other financial services providers or insurers;
• any material breach of security of or interruptions in any of our systems;
• our ability to attract and retain qualified key employees and to manage our workforce successfully;
• our ability to maintain our agent network and business relationships under terms consistent with or more
advantageous to us than those currently in place;
• failure to implement agent contracts according to schedule;
• adverse rating actions by credit rating agencies;
• failure to compete effectively in the money transfer industry with respect to global and niche or corridor
money transfer providers, banks and other money transfer services providers, including telecommunications
providers, card associations, card-based payment providers and electronic and internet providers;
• our ability to protect our brands and our other intellectual property rights;
• our failure to manage the potential both for patent protection and patent liability in the context of a rapidly
developing legal framework for intellectual property protection;
• cessation of various services provided to us by third-party vendors;
• adverse movements and volatility in capital markets and other events which affect our liquidity, the liquidity
of our agents or clients, or the value of, or our ability to recover our investments or amounts payable to us;
• decisions to downsize, sell or close units, or to transition operating activities from one location to another or
to third parties, particularly transitions from the United States to other countries;
• changes in industry standards affecting our business;
• changes in accounting standards, rules and interpretations;
• significantly slower growth or declines in the money transfer market and other markets in which we operate;
• adverse consequences from our spin-off from First Data Corporation;
• decisions to change our business mix;
• catastrophic events; and
• management’s ability to identify and manage these and other risks.
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