−Removed: Except as otherwise described herein, there were no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC.
+Added: Except as otherwise described herein, there were no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2019 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 as filed with the SEC.
The outbreak of COVID-19 (coronavirus) has negatively impacted and could continue to negatively impact the global economy.
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The significant outbreak of COVID-19 has resulted in a widespread health crisis, which has negatively impacted and could continue to negatively impact the global economy.
−Removed: In addition, the global and regional impact of the outbreak, including official or unofficial quarantines and governmental restrictions on activities taken in response to such event, could have a negative impact on our operations, including voluntary or mandatory temporary closures of our facilities or offices;
−Removed: interruptions in our supply chain, which could impact the cost or availability of raw materials;
−Removed: disruptions or restrictions on our ability to travel or to market and distribute our products and services;
−Removed: reduced consumer demand for our products and services due to reduced consumer traffic in, or closure of, retail and other locations where our products and services are offered;
−Removed: and labor shortages.
−Removed: For example, the COVID-19 pandemic has resulted in travel restrictions within and between countries, and sheltering in place orders in most of the countries where we do business.
−Removed: The majority of these orders went into effect at the end of February and throughout various times in March.
−Removed: These orders have negatively impacted all of our three operating segments.
−Removed: The EFT operating segment has experienced declines in transaction volumes as the restrictions noted above have reduced transactions on our network of ATMs.
−Removed: The epay Segment has experienced the closure of many of its POS retail locations.
+Added: In addition, the global and regional impact of the outbreak, including official or unofficial quarantines and governmental restrictions on activities taken in response to such event, has had, and could continue to have.
+Added: a negative impact on our operations, including voluntary or mandatory temporary closures of our facilities or those of our agents or customers; interruptions in our supply chain, which could impact the cost or availability of equipment ; disruptions or restrictions on our ability to travel or to market and distribute our products and services; reduced consumer demand for our products and services due to reduced consumer traffic in, or closure of, retail and other locations where our products and services are offered; and labor shortages.
+Added: For example, the COVID-19 pandemic has resulted in travel restrictions within and between countries, including mandatory quarantine requirements for travelers from certain locations, and varying degrees of “sheltering in-place” and other social distancing orders in most of the countries where we do business.
+Added: Among other things, these orders restrict which businesses are allowed to be open and the conditions under which they are allowed to operate.
+Added: Although the majority of these orders went into effect at the end of February and throughout various times in March, new orders are being implemented, or reinstated, as the pandemic spreads around the global and new hot spots flare up.
+Added: These travel restrictions and orders, as well as increased unemployment and general economic uncertainty caused by the pandemic, have negatively impacted all of our three operating segments.
+Added: The EFT operating segment has experienced declines in transaction volumes as the factors noted above have reduced transactions on our network of ATMs.
+Added: The epay Segment has experienced the closure of, or reduced consumer traffic at, many of its POS retail locations.
Finally, our money transfer segment has experienced declines in transaction volumes.
Our network of company owned stores, and agents have experienced closures as many of our agents and stores were deemed nonessential services and ordered to close.
−Removed: More broadly, the outbreak could potentially lead to an economic downturn that could affect demand for our products and services.
−Removed: Furthermore, our offices and the retail and other locations where our products and services are offered and those of our suppliers and vendors must comply with new and additional regulations imposed by state and local governments in response to the recent coronavirus outbreak, including COVID-19 safety guidance for indoor facilities.
−Removed: The implementation of compliance measures may cause a reduction in the number of transactions that we process.
+Added: The disruption in the business of the retailers and agents that offer our services and products may adversely affect their ability to remain in business and/or timely remit payments owed to us.
+Added: All of these factors, in turn, may not only impact our operations, financial condition and demand for our products and services but our overall ability to react timely to mitigate the impact of this event.
The COVID-19 outbreak could disrupt or otherwise negatively impact credit markets, which could adversely affect the availability and cost of capital.
Such impacts could limit our ability to fund our operations and satisfy our obligations.
−Removed: A pandemic typically results in social distancing, travel bans and quarantine, and this may limit access to the locations where our products and services are offered and to our customers, management, support staff, professional advisors and our independent auditors.
−Removed: These factors, in turn, may not only impact our operations, financial condition and demand for our products and services but our overall ability to react timely to mitigate the impact of this event.
−Removed: Also, it may hamper our efforts to comply with our filing obligations with the Securities and Exchange Commission.
The extent and potential impact of the COVID-19 outbreak on our operational and financial performance will depend on future developments, including the duration, severity and spread of the virus, actions that may be taken by governmental authorities and the impact on our supply chain, customers, operations, workforce and the financial markets, all of which are highly uncertain and cannot be predicted.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.