EFTA Document EFTA01382869

8.1/A •fable of Contents WELLS FARGO MERCHANT SERVICES, LW (A Joint Venture) Financial Statements December 31, 2014 and 2013 (Dollars in thousands, unless otherwise noted) (9) Guarantees and Reserve for Merchant Credit Losses Under the card companies rules, when a merchant processor acquires card transactions, it has certain liabilities for the transactions. This liability arises from disputes between cardholders and merchants due to the cardholders' dissatisfaction with merchandise qua