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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 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
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developing legal framework for expansive software patent protection.
. 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.
