798354--2/28/2008--FISERV

related topics

{regulation, government, change}

{acquisition, growth, future}

{system, service, information}

{product, market, service}

{condition, economic, financial}

{competitive, industry, competition}

{property, intellectual, protect}

{tax, income, asset}

We operate in a competitive business environment, and if we are unable to compete effectively, our results of operations and financial condition may be adversely affected. If we fail to adapt our products and services to changes in technology or in the marketplace, or if our ongoing efforts to upgrade our technology are not successful, we could lose clients. The market for our electronic transaction services is evolving and may not continue to develop or grow rapidly enough to sustain profitability. If we are unable to renew client contracts at favorable terms, we could lose clients and our results of operations and financial condition may be adversely affected. The integration of Fiserv and CheckFree may prove to be difficult and may strain our administrative, operational and financial resources. We may not realize the expected benefits of the acquisition of CheckFree. Our balance sheet includes significant amounts of goodwill and intangible assets. The impairment of a significant portion of these assets would negatively affect our financial results. Increased leverage may harm our financial condition and results of operations. Consolidation in the financial services industry could adversely affect our revenues by eliminating some of our existing and potential clients and could make us more dependent on a more limited number of clients. Security breaches or computer viruses could harm our business by disrupting our delivery of services and damaging our reputation. Operational failures in our outsourcing or transaction processing facilities could harm our business and reputation. Current economic conditions could negatively affect demand for our products and services. Our acquisition strategy subjects us to risks, including increased debt, assumption of unforeseen liabilities and difficulties in integrating operations. We may experience software defects, development delays or installation difficulties, which would harm our business and reputation and expose us to potential liability. If we fail to comply with applicable regulations our businesses could be harmed. Our failure to comply with a series of complex regulations in our walk-in payment business could subject us to liability. Misappropriation of our intellectual property and proprietary rights could impair our competitive position. If our applications or services are found to infringe the proprietary rights of others, we may be required to change our business practices or pay significant costs and monetary penalties.

Full 10-K form ▸

798354--2/28/2008--FISERV_INC