Western Union 2013 Annual Report Download - page 114

2013 FORM 10-K
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• mergers, acquisitions and integration of acquired businesses and technologies into our Company, including Travelex Global
Business Payments, and the failure to realize anticipated financial benefits from these acquisitions, and events requiring us
to write down our goodwill;
• any material breach of security, including cybersecurity, or safeguards of or interruptions in any of our systems;
• 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;
• increased costs or loss of business due to difficulty for us, our agents or their subagents in establishing or maintaining
relationships with banks needed to conduct our services;
• 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;
• adverse rating actions by credit rating agencies;
• our ability to realize the anticipated benefits from productivity and cost-savings and other related initiatives, which may include
decisions to downsize or to transition operating activities from one location to another, and to minimize any disruptions in
our workforce that may result from those initiatives;
• our ability to attract and retain qualified key employees and to manage our workforce successfully;
• 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;
• changes in tax laws and unfavorable resolution of tax contingencies;
• cessation of or defects in various services provided to us by third-party vendors;
• material changes in the market value or liquidity of securities that we hold;
• restrictions imposed by our debt obligations;
• changes in industry standards affecting our business;
Events Related to Our Regulatory and Litigation Environment
• liabilities or loss of business resulting from a failure by us, our agents or their subagents to comply with laws and regulations
and regulatory or judicial interpretations thereof, including laws and regulations designed to detect and prevent money
laundering, terrorist financing, fraud and other illicit activity, and increased costs or loss of business associated with compliance
with those laws and regulations;
• increased costs or loss of business due to regulatory initiatives and changes in laws, regulations and industry practices and
standards fecting us, our agents, or their subagents, including related to anti-money laundering regulations, anti-fraud
measures, customer due diligence, or agent and subagent due diligence, registration, and monitoring
• liabilities or loss of business and unanticipated developments resulting from governmental investigations and consent
agreements with or enforcement actions by regulators, including those associated with compliance with or failure to comply
with the settlement agreement with the State of Arizona, as amended on January 31, 2014;
• the impact on our business from the Dodd-Frank all Street Reform and Consumer Protection Act, the rules promulgated
, and the actions of the Consumer Financial Protection Bureau, and similar legislation and regulations enacted by
other government
• changes in United States or foreign laws, rules and regulations including the Internal Revenue Code, governmental or judicial
interpretations thereof and industry practices and standards, including the impact of the Foreign Account ax Compliance
provisions of the Hiring Incentives to Restore Employment
• liabilities resulting from litigation, including class-action lawsuits and similar matters, including costs, expenses, settlements
and
• failure to comply with regulations regarding consumer privacy and data use and
• fects of unclaimed property laws;
• failure to maintain ficient amounts or types of regulatory capital to meet the changing requirements of our regulators
• changes in accounting standards, rules and
• adverse tax consequences from our f from First Data
• catastrophic events; and
• management's ability to identify and manage these and other