American Express 2013 Annual Report Download - page 58

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AMERICAN EXPRESS COMPANY
2013 FINANCIAL REVIEW
폷the ability of the Company to maintain and expand its presence in
the digital payments space, including online and mobile channels,
which will depend on the Company’s success in evolving its
business models and processes for the digital environment, building
partnerships and executing programs with companies, and utilizing
digital capabilities that can be leveraged for future growth;
폷factors beyond the Company’s control such as fire, power loss,
disruptions in telecommunications, severe weather conditions,
natural disasters, terrorism, cyber attacks or fraud, which could
significantly affect spending on American Express cards,
delinquency rates, loan balances and travel-related spending or
disrupt the Company’s global network systems and ability to
process transactions; and
폷the potential failure of the U.S. Congress to renew legislation
regarding the active financing exception to Subpart F of the Internal
Revenue Code, which could increase the Company’s effective tax
rate and have an adverse impact on net income.
A further description of these uncertainties and other risks can be
found in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2013 and the Company’s other reports filed with
the Securities and Exchange Commission.
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