Business Segment Information

9 Months Ended

Sep. 30, 2013

Business Segment Information

13. Business Segment Information

The Company’s operations are comprised of the Payments segment and the 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. The Corporate and Other segment primarily consists of unallocated corporate expenses, amortization of acquisition-related intangible assets, intercompany eliminations and other costs that are not considered when management evaluates segment performance.

(In millions)	Payments		Financial		Corporate and Other			Total
Three Months Ended September 30, 2013
Processing and services revenue	$	480	$	538	$	(2	)	$	1,016
Product revenue		151		42		(8	)		185
Total revenue	$	631	$	580	$	(10	)	$	1,201
Operating income	$	173	$	194	$	(87	)	$	280
Three Months Ended September 30, 2012
Processing and services revenue	$	453	$	473	$	(4	)	$	922
Product revenue		153		40		(8	)		185
Total revenue	$	606	$	513	$	(12	)	$	1,107
Operating income	$	166	$	165	$	(66	)	$	265
Nine Months Ended September 30, 2013
Processing and services revenue	$	1,410	$	1,595	$	(8	)	$	2,997
Product revenue		464		118		(28	)		554
Total revenue	$	1,874	$	1,713	$	(36	)	$	3,551
Operating income	$	518	$	541	$	(295	)	$	764
Nine Months Ended September 30, 2012
Processing and services revenue	$	1,326	$	1,407	$	(9	)	$	2,724
Product revenue		484		109		(26	)		567
Total revenue	$	1,810	$	1,516	$	(35	)	$	3,291
Operating income	$	481	$	479	$	(199	)	$	761

Goodwill in the Payments segment was $3.4 billion as of September 30, 2013 and December 31, 2012. Goodwill in the Financial segment was $1.8 billion and $1.3 billion as of September 30, 2013 and December 31, 2012, respectively.