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Business Segment Information
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
The Company’s operations are comprised of the First Data segment, the Payments segment, and the Financial segment. Since the Company’s acquisition of First Data on July 29, 2019 (see Note 4), the chief operating decision maker of the Company has managed the operations of First Data as a separate business segment while evaluating its organizational structure and related integration plans, including the allocation of resources and the assessment of performance. The Company expects that it will realign its business segments in early 2020 when its new reporting structure and First Data integration plans are finalized.
The First Data segment provides a wide-range of solutions to merchants, including retail point-of-sale merchant transaction processing and acquiring, e-commerce services, mobile payment services, and the cloud-based CloverTM point-of-sale operating system. The businesses in this segment also provide technology solutions for bank and non-bank issuers and a wide range of value-added solutions complementing the merchant and issuer technology solutions.
The Payments segment primarily provides electronic bill payment and presentment services, internet and mobile banking software and services, account-to-account transfers, person-to-person payment services, debit and credit card processing and services, payments infrastructure services, and other electronic payments software and services. The businesses in this segment also provide card and print personalization services, investment account processing services for separately managed accounts, and fraud and risk management products and services.
The Financial segment provides financial institutions with account processing services, item processing and source capture services, loan origination and servicing products, cash management and consulting services, and other products and services that support numerous types of financial transactions.

Corporate and Other primarily consists of intercompany eliminations, amortization of acquisition-related intangible assets, unallocated corporate expenses of the combined company and other activities that are not considered when management evaluates segment performance, such as gains on sales of businesses and associated transition services.
(In millions)
First Data
 
Payments
 
Financial
 
Corporate
and Other
 
Total
Three Months Ended September 30, 2019
 
 
 
 
 
 
 
 
 
Processing and services revenue
$
1,279

 
$
754

 
$
562

 
$
13

 
$
2,608

Product revenue
335

 
172

 
34

 
(21
)
 
520

Total revenue
$
1,614

 
$
926

 
$
596

 
$
(8
)
 
$
3,128

Operating income
$
396

 
$
309

 
$
196

 
$
(527
)
 
$
374

Three Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
Processing and services revenue
$
—

 
$
674

 
$
535

 
$
14

 
$
1,223

Product revenue
—

 
170

 
39

 
(20
)
 
189

Total revenue
$
—

 
$
844

 
$
574

 
$
(6
)
 
$
1,412

Operating income
$
—

 
$
267

 
$
187

 
$
(98
)
 
$
356

Nine Months Ended September 30, 2019
 
 
 
 
 
 
 
 
 
Processing and services revenue
$
1,279

 
$
2,224

 
$
1,686

 
$
40

 
$
5,229

Product revenue
335

 
533

 
112

 
(67
)
 
913

Total revenue
$
1,614

 
$
2,757

 
$
1,798

 
$
(27
)
 
$
6,142

Operating income
$
396

 
$
899

 
$
598

 
$
(762
)
 
$
1,131

Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
Processing and services revenue
$
—

 
$
1,992

 
$
1,646

 
$
30

 
$
3,668

Product revenue
—

 
531

 
134

 
(61
)
 
604

Total revenue
$
—

 
$
2,523

 
$
1,780

 
$
(31
)
 
$
4,272

Operating income
$
—

 
$
807

 
$
590

 
$
(75
)
 
$
1,322