EFTA Document EFTA01382665

S-1/A Table of Contrail The majority of the TeleCheck business involves the guarantee of checks received by merchants. If the chock is returned. TeleCheck is required to purchase the cheek from the merchant at its face value and pursue collection from the check writer. A provision for estimated chock returns. net of anticipated recoveries, is nxorded at the transaction inception basal on recent history. The following table presents the accrued warranty and =oven balances: As of December 31