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Business Segment Information
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
The Company’s operations are comprised of the Acceptance segment, the Fintech segment and the Payments segment. The businesses in the Acceptance segment provide a wide range of commerce-enabling solutions and serve merchants of all sizes around the world. These solutions include merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Clover®, the Company’s cloud-based POS and integrated commerce operating system for small and mid-sized businesses and independent software vendors; and CaratSM, the Company’s integrated operating system for large businesses. The Company distributes the products and services in the global Acceptance segment businesses through a variety of channels, including direct sales teams, strategic partnerships with agent sales forces, independent software vendors, financial institutions and other strategic partners in the form of joint venture alliances, revenue sharing alliances and referral agreements. Merchants, financial institutions and distribution partners in the Acceptance segment are frequently clients of the Company’s other segments.
The businesses in the Fintech segment provide financial institutions around the world with the technology solutions they need to run their operations, including products and services that enable financial institutions to process customer deposit and loan accounts and manage an institution’s general ledger and central information files. As a complement to the core account processing functionality, the global Fintech segment businesses also provide digital banking, financial and risk management, professional services and consulting, item processing and source capture, and other products and services that support numerous types of financial transactions. Certain of the businesses in the Fintech segment provide products or services to corporate clients
to facilitate the management of financial processes and transactions. Many of the products and services offered in the Fintech segment are integrated with products and services provided by the Company’s other segments.
The businesses in the Payments segment provide financial institutions and corporate and public sector clients around the world with the products and services required to process digital payment transactions. This includes card transactions such as debit, credit and prepaid card processing and services; a range of network services, security and fraud protection products, card production and print services. In addition, the Payments segment businesses offer non-card digital payment software and services, including bill payment, account-to-account transfers, person-to-person payments, electronic billing, and security and fraud protection products. Clients of the global Payments segment businesses reflect a wide range of industries, including merchants, distribution partners and financial institution customers in the Company’s other segments.
Corporate and Other supports the reportable segments described above, and consists of amortization of acquisition-related intangible assets, unallocated corporate expenses and other activities that are not considered when management evaluates segment performance, such as gains or losses on sales of businesses, certain assets or investments, costs associated with acquisition and divestiture activity, certain transition services revenue associated with various dispositions, and the Company’s Output Solutions postage reimbursements.
Operating results for each segment were as follows:
Reportable Segments
(In millions)AcceptanceFintechPaymentsCorporate
and Other		Total
Three Months Ended June 30, 2023
Processing and services revenue$1,808 $742 $1,367 $7 $3,924 
Product revenue257 42 278 255 832 
Total revenue$2,065 $784 $1,645 $262 $4,756 
Operating income (loss)$718 $285 $777 $(649)$1,131 
Three Months Ended June 30, 2022
Processing and services revenue$1,668 $760 $1,262 $6 $3,696 
Product revenue233 43 256 222 754 
Total revenue$1,901 $803 $1,518 $228 $4,450 
Operating income (loss)$593 $281 $662 $(676)$860 
Six Months Ended June 30, 2023
Processing and services revenue$3,395 $1,493 $2,696 $13 $7,597 
Product revenue517 83 578 528 1,706 
Total revenue$3,912 $1,576 $3,274 $541 $9,303 
Operating income (loss)$1,280 $565 $1,488 $(1,268)$2,065 
Six Months Ended June 30, 2022
Processing and services revenue$3,078 $1,495 $2,477 $10 $7,060 
Product revenue476 86 503 463 1,528 
Total revenue$3,554 $1,581 $2,980 $473 $8,588 
Operating income (loss)$1,063 $556 $1,280 $(1,193)$1,706