S-1/A Table of Control' We Have a Global Footprint Enabling Us to Reach Clients Around the World We have operations in 36 countries and serve clients in 118 countries around the world directly and indirectly. We have well-established businesses and partnerships to serve clients in large developed economies such as the United States, the United Kingdom, Germany, and Australia where the penetration of electronic payments is high and the use of commerce-enabling technologies is common. We have also made strategic investments and developed key partnerships in fast-growing emerging markets where the penetration of electronic payments is lower. For example. in India. we have a merchant acquiring joint venture with ICICIL the country's largest private-sector bank, and in Brazil, we serve various financial institutions with our CisionPLUS software and established a new merchant acquiring business. named Bin, in 2014. We believe our global breadth is an increasing competitive advantage as multi-national organizations, such as retailers, restaurant chains, and financial institutions, want to work with a single trusted technology partner across multiple geographies to deploy various solutions. We also engage local business and financial institution clients around the world who are seeking to adopt next-generation solutions from a global leader in electronic commerce, rather than the often less-advanced offerings of local competitors. Our Broad-Based Client Service Capabilities Differentiate Us Most clients view their payments systens as mission-critical infrastructure for their businesses. In addition. our clients around the world are also facing increasing operating complexity due to new technologies, such as mobile payments. and the implementation of new regulations and standards, such as the ElvIV liability shift in the United States beginning in October 2015. Our ability to provide our clients with broad-based client service is a major competitive advan