Business Segment Information

9 Months Ended

Sep. 30, 2012

Business Segment Information

10. Business Segment Information

The Company’s operations are comprised of the Payments and Industry Products (“Payments”) segment and the Financial Institution Services (“Financial”) segment. The Payments segment primarily provides electronic bill payment and presentment services, debit and other card-based payment products and services, internet and mobile banking software and services, and other electronic payments software and services including account-to-account transfers and person-to-person payments. The businesses in this segment also provide investment account processing services for separately managed accounts, card and print personalization services, and fraud and risk management products and services. The Financial segment provides banks, thrifts and credit unions 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 unallocated corporate expenses, amortization of acquisition-related intangible assets and intercompany eliminations.

					Corporate
(In millions)	Payments		Financial		and Other			Total
Three Months Ended September 30, 2012
Processing and services revenue	$	464	$	473	$	(4	)	$	933
Product revenue		153		40		(8	)		185
Total revenue	$	617	$	513	$	(12	)	$	1,118
Operating income	$	168	$	165	$	(66	)	$	267
Three Months Ended September 30, 2011
Processing and services revenue	$	439	$	446	$	(3	)	$	882
Product revenue		148		41		(8	)		181
Total revenue	$	587	$	487	$	(11	)	$	1,063
Operating income	$	162	$	143	$	(62	)	$	243
Nine Months Ended September 30, 2012
Processing and services revenue	$	1,361	$	1,407	$	(9	)	$	2,759
Product revenue		484		109		(26	)		567
Total revenue	$	1,845	$	1,516	$	(35	)	$	3,326
Operating income	$	489	$	479	$	(201	)	$	767
Nine Months Ended September 30, 2011
Processing and services revenue	$	1,287	$	1,348	$	(7	)	$	2,628
Product revenue		459		116		(27	)		548
Total revenue	$	1,746	$	1,464	$	(34	)	$	3,176
Operating income	$	482	$	435	$	(202	)	$	715

Goodwill in the Payments and Financial segments was $3.4 billion and $1.3 billion, respectively, as of September 30, 2012 and December 31, 2011.