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adverse developments with respect to the payment card industry in general, including a decline in the use of cards as a payment mechanism;
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the impact of potential and completed acquisitions, particularly the completed Cayan and TransFirst 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;
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the costs and effects of litigation, investigations or similar matters or adverse facts and developments relating thereto;
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the impact of the application of and/or changes in accounting principles;
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TSYS’ inability to timely, successfully and cost-effectively improve and implement processing systems to provide new products, increased functionality and increased efficiencies;
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TSYS’ reliance on financial institution sponsors;
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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, and in particular the CFPB’s rule regarding prepaid financial products;
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the success of TSYS’ business expansion and product diversification strategies for the Consumer Solutions segment which success will depend on, among other things, the rate of adoption of the Company’s new products (both by consumers and the Company’s distribution partners), the rate of utilization of the various product features by cardholders, and overall market and regulatory dynamics;
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TSYS’ ability to obtain and protect its own patents and intellectual property and also avoid liability for infringement of third party rights;
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the effect of current domestic and worldwide economic and geopolitical conditions;
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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;
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the potential for TSYS’ systems and software to contain undetected errors, viruses or defects;
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other risks detailed in this document under Part II, Item 1A Risk Factors in this Quarterly Report on Form 10-Q, and 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, 2018 and other filings with the Securities and Exchange Commission; and
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TSYS’ ability to manage the foregoing and other risks.
Additional factors related to the Agreement and Plan of Merger between TSYS and Global Payments that could cause actual results to differ materially from our forward-looking statements include, but are not limited to:
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the occurrence of any event, change or other circumstances that could give rise to the right of one or both of TSYS and Global Payments to terminate the Merger Agreement;
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the outcome of any legal proceedings that may be instituted against TSYS, Global Payments or their respective directors;
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the ability to obtain regulatory approvals and meet other closing conditions to the Merger on a timely basis or at all, including the risk that regulatory approvals required for the Merger are not obtained on a timely basis or at all, or are obtained subject to conditions that are not anticipated or that could adversely affect the combined company or the expected benefits of the transaction;