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EXHIBIT 99.1
Private Securities Litigation Reform Act of 1995
Safe Harbor Compliance Statement for Forward-Looking Statements
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In passing the Private Securities Litigation Reform Act of 1995 (the
"Reform Act"), Congress encouraged public companies to make "forward-looking
statements"* by creating a safe-harbor to protect companies from securities law
liability in connection with forward-looking statements. First Data Corporation
("FDC") intends to qualify both its written and oral forward-looking statements
for protection under the Reform Act. To qualify oral forward-looking statements
for protection under the Reform Act, a readily available written document must
identify important factors that could cause actual results to differ materially
from those in the forward-looking statements. FDC provides the following
information in connection with its continuing effort to qualify forward-looking
statements for the safe harbor protection of the Reform Act.
Important factors upon which the Company's forward-looking statements are
premised include the following:
. Continued growth at rates approximating recent levels for card-based payment
transactions, consumer money transfer transactions and other product markets.
. Successful conversions under service contracts with major clients.
. Renewal of material contracts in the Company's business units consistent with
past experience.
. Timely, successful and cost effective implementation of processing systems to
provide new products, improved functionality and increased efficiencies,
particularly in the card issuer services segment.
. Continuing development and maintenance of appropriate business continuity and
data security plans for the Company's processing systems based on the needs
and risks relative to each such system.
. Absence of consolidation among client financial institutions or other client
groups which has a significant impact on FDC client relationships and no
material loss of business resulting from significant customers of the Company
involved in announced mergers.
. Achieving planned revenue growth throughout the Company, including in the
merchant alliance program which involves several joint ventures not under the
sole control of the Company and each of which acts independently of the
others, and successful management of pricing pressures through cost
efficiencies and other cost management initiatives.
. Anticipation of and response to technological changes, particularly with
respect to e-commerce.
Attracting and retaining qualified key employees.
. No imposition of a Value Added Tax on third-party credit card processing
services by the European Community ("EC"), which could put credit card
processing outsourcers at a competitive disadvantage to in-house solutions in
the EC.
. No unanticipated changes in laws, regulations, credit card association rules
or other industry standards affecting FDC's businesses which require
significant product redevelopment efforts, reduce the market for or value of
its products, or render products obsolete.
. Continuation of the existing interest rate environment, avoiding increases in
agent fees related to the Company's consumer money transfer products and the
Company's short-term borrowing costs.
. Absence of significant changes in foreign exchange spreads on retail money
transfer transactions, particularly between the United States and Mexico,
without a corresponding increase in volume or consumer fees.
. No unanticipated developments relating to previously disclosed lawsuits
against Western Union, inter alia, violation of consumer protection laws in
connection with advertising the cost of money transfers to Mexico.
. Successfully managing the potential both for patent protection and patent
liability in the context of rapidly developing legal framework for expansive
software patent protection.
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. Continued political stability in countries in which Western Union has
material operations.
Forward-looking statements express expectations of future events. All forward-
looking statements are inherently uncertain as they are based on various
expectations and assumptions concerning future events and they are subject to
numerous known and unknown risks and uncertainties which could cause actual
events or results to differ materially from those projected. Due to these
inherent uncertainties, the investment community is urged not to place undue
reliance on forward-looking statements. In addition, FDC undertakes no
obligation to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events, or changes to projections
over time.
* "Forward-looking statements" can be identified by use of words such as
"expect", "estimate", "project", "forecast", "anticipate", "plan" and similar
expressions.
