Epstein Secrets

his reduction in revenue could result in an adverse effect on our business, operating results, and financial condition. For potential clients of our Global Business Solutions and Global Financial Solutions segments, switching from one vendor of core processing or related software and services (or from an internally-develo

result in an adverse effect on our business, operating results, and financial condition. For potential clients of our Global Business Solutions and Global Financial Solutions segments, switching from one vendor of core processing or related software and services (or from an internally-developed system) to a new vendor is

ubstantial consolidation in the bank industry. Bank industry consolidation affects existing and potential clients in our service areas, primarily in Global Business Solutions and Global Financial Solutions. Our alliance strategy could also be negatively affected by consolidations, especially where the banks involved are c

e bank industry. Bank industry consolidation affects existing and potential clients in our service areas, primarily in Global Business Solutions and Global Financial Solutions. Our alliance strategy could also be negatively affected by consolidations, especially where the banks involved are committed to their internal merc

s We believe there are a number of factors that impact our business, results of operations and financial condition. In general, revenues across our Global Business Solutions. Global Financial Solutions and Network & Security Solutions segments are impacted by factors such as global economic and consumer spending trends,

umber of factors that impact our business, results of operations and financial condition. In general, revenues across our Global Business Solutions. Global Financial Solutions and Network & Security Solutions segments are impacted by factors such as global economic and consumer spending trends, foreign exchange rates. geop

S- I/A Table of Content" Segment Results We classify our businc es into three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions. Our Corporate operations (as described below) are not discussed separately as any res

S- I/A Table of Content" Segment Results We classify our businc es into three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions. Our Corporate operations (as described below) are not discussed separately as any results that had a significant

$1.7 trillion of payment volume, accounting for nearly 10% of U.S. GDP last year. Our company is organized around three primary lines of business: Global Business Solutions (CBS) — This segment provides retail point-of-sale merchant acquiring and eCommerce services as well as next-generation offerings such as mobile pay

olutions, and our cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business apps. • Global Financial Solutions (GFS) — This segment provides credit solutions for bank and non-bank issuers. These include credit and retail private-label card processing within t

587 579 563 Reimbursable debit network fees, postage. and other 3,604 3,507 3362 Total revenues $11.152 $10.809 $1 0480 Segment EBITDA: Global Business Solutions 5 1.687 1644 S 1.606 Global Financial Solutions 529 404 370 Network & Security Solutions 608 549 585 Total reported segments 2,824 2.59

ostage. and other 3,604 3,507 3362 Total revenues $11.152 $10.809 $1 0480 Segment EBITDA: Global Business Solutions 5 1.687 1644 S 1.606 Global Financial Solutions 529 404 370 Network & Security Solutions 608 549 585 Total reported segments 2,824 2.597 2,561 Corporate (161) (148) (125) Adjusted E

or firms and was Citigroup's Global Chief Compliance Officer from 2008 until 2012. Daniel J. Charron has been our Executive Vice President, Head of Global Business Solutions since February 2015. Before joining us, Mr. Charron spent 14 years with Chase Paymentech, the global payment processing business of JPMorgan Chase &

1999, where he serves on the Finance Committee and as Chairman of the Audit Committee. Andrew Gelb has been our Executive Vice President, Co-Head of Global Financial Solutions since June 2015. He joined us in November 2014 as Executive Vice President and Head of Financial Services. Previously, Mr. Gelb spent 17 years at Ci