Western Union 2013 Annual Report Download - page 115

2013 FORM 10-K
• gers, acquisitions and integration of acquired businesses and technologies into our , including ravelex Global
Business Payments, and the failure to realize anticipated financial benefits from these acquisitions, and events requiring us
to write down our
• any material breach of , including , or safeguards of or interruptions in any of our
• decisions to change our business
• 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
• increased costs or loss of business due to ficulty for us, our agents or their subagents in establishing or maintaining
relationships with banks needed to conduct our
• adverse movements and volatility in capital markets and other events which fect our , the liquidity of our agents or
clients, or the value of, or our ability to , our investments or amounts payable to
• 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 , and to minimize any disruptions in
our workforce that may result from those
• our ability to attract and retain qualified key employees and to manage our workforce
• our ability to protect our brands and our other intellectual property
• 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
• changes in tax laws and unfavorable resolution of tax
• cessation of or defects in various services provided to us by third-party
• material changes in the market value or liquidity of securities that we
• restrictions imposed by our debt
• changes in industry standards fecting our
• 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 , and increased costs or loss of business associated with compliance
with those laws and
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• increased costs or loss of business due to regulatory initiatives and changes in laws, regulations and industry practices and
standards affecting 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 requirements;
• 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 Wall Street Reform and Consumer Protection Act, the rules promulgated
there-under, and the actions of the Consumer Financial Protection Bureau, and similar legislation and regulations enacted by
other government authorities;
• 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 Tax Compliance
provisions of the Hiring Incentives to Restore Employment Act;
• liabilities resulting from litigation, including class-action lawsuits and similar matters, including costs, expenses, settlements
and judgments;
• failure to comply with regulations regarding consumer privacy and data use and security;
• effects of unclaimed property laws;
• failure to maintain sufficient amounts or types of regulatory capital to meet the changing requirements of our regulators
worldwide;
• changes in accounting standards, rules and interpretations;
Other Events
• adverse tax consequences from our spin-off from First Data Corporation;
• catastrophic events; and
• management's ability to identify and manage these and other risks.