Western Union 2012 Annual Report Download - page 8

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PART I
FORWARD-LOOKING STATEMENTS
This Annual Report on Form 10-K and materials we have filed or will file with the Securities and Exchange Commission (as
well as information included in our other written or oral statements) contain or will contain certain statements that are forward-
looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future
performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may
differ materially from those expressed in, or implied by, our forward-looking statements. Words such as “expects,” “intends,”
“anticipates,” “believes,” “estimates,” “guides,” “provides guidance,” “provides outlook” and other similar expressions or future
or conditional verbs such as “will,” “should,” “would” and “could” are intended to identify such forward-looking statements.
Readers of this Annual Report on Form 10-K of The Western Union Company (the “Company,” “Western Union,” “we,” “our” or
“us”) should not rely solely on the forward-looking statements and should consider all uncertainties and risks throughout this
Annual Report on Form 10-K, including those described under “Risk Factors.” The statements are only as of the date they are
made, and the Company undertakes no obligation to update any forward-looking statement.
Possible events or factors that could cause results or performance to differ materially from those expressed in our forward-
looking statements include the following:
Events Related to Our Business and Industry
• deterioration in consumers' and clients' confidence in our business, or in money transfer and payment service providers
generally;
• changes in general economic conditions and economic conditions in the regions and industries in which we operate, including
global economic and trade downturns and financial market disruptions;
• political conditions and related actions in the United States and abroad which may adversely affect our business and economic
conditions as a whole;
• failure to compete effectively in the money transfer and payment service industry with respect to global and niche or corridor
money transfer providers, banks and other money transfer and payment service providers, including telecommunications
providers, card associations, card-based payment providers and electronic and Internet providers;
• the pricing of our services and any pricing reductions, and their impact on our consumers and our financial results;
• our ability to adapt technology in response to changing industry and consumer needs or trends;
• our failure to develop and introduce new services and enhancements, and gain market acceptance of such services;
• changes in, and failure to manage effectively, exposure to foreign exchange rates, including the impact of the regulation of
foreign exchange spreads on money transfers and payment transactions;
• interruptions of United States government relations with countries in which we have or are implementing significant business
relationships with agents or clients;
• changes in immigration laws, interruptions in immigration patterns and other factors related to migrants;
• mergers, acquisitions and integration of acquired businesses and technologies into our Company, including Travelex Global
Business Payments, and the realization of anticipated financial benefits from these acquisitions, and events requiring us to
write down our goodwill;
• decisions to change our business mix;
• 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;