• adverse developments with respect to the credit card industry in general, including a decline in the use of credit cards as a payment mechanism; • TSYS is unable to successfully manage any impact from slowing economic conditions or consumer spending; • the impact of potential and completed acquisitions, including the costs associated therewith and their being more difficult to integrate than anticipated; • the costs and effects of litigation, investigations or similar matters or adverse facts and developments relating thereto, including the pending litigation discussed in this filing; • the impact of the application of and/or changes in accounting principles; • TSYS’ inability to timely, successfully and cost-effectively improve and implement processing systems to provide new products, increased functionality and increased efficiencies; • TSYS’ inability to anticipate and respond to technological changes, particularly with respect to e-commerce; • successfully managing the potential both for patent protection and patent liability in the context of rapidly developing legal framework for expansive patent protection; • the material breach of security of any of our systems; • TSYS’ ability to manage the foregoing and other risks. • other 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, 2010 and other filings with the Securities and Exchange Commission; and • 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; • overall market conditions; These forward-looking statements speak only as of the date on which they are made and TSYS does not intend to update any forward-looking statement as a result of new information, future developments or otherwise. On January 4, 2011, TSYS announced that it acquired the remain- ing 49-percent interest in First National Merchant Solutions, LLC, from First National Bank of Omaha for a net of $169.6 million. The transaction closed January 1, 2011. The company is being rebranded as TSYS Merchant Solutions. Management believed that total ownership of the joint venture was important to TSYS’ diversification strategy and believed the timing was right for all parties involved. Subsequent Event 27