Business Segment Information

6 Months Ended

Jun. 30, 2014

Business Segment Information

13. Business Segment Information

The Company’s operations are comprised of the Payments and Industry Products (“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 June 30, 2014
Processing and services revenue	$	501	$	551	$	(1	)	$	1,051
Product revenue		168		44		(10	)		202
Total revenue	$	669	$	595	$	(11	)	$	1,253
Operating income	$	185	$	203	$	(81	)	$	307
Three Months Ended June 30, 2013
Processing and services revenue	$	477	$	541	$	(3	)	$	1,015
Product revenue		149		43		(9	)		183
Total revenue	$	626	$	584	$	(12	)	$	1,198
Operating income	$	179	$	186	$	(92	)	$	273
Six Months Ended June 30, 2014
Processing and services revenue	$	992	$	1,090	$	(4	)	$	2,078
Product revenue		350		80		(21	)		409
Total revenue	$	1,342	$	1,170	$	(25	)	$	2,487
Operating income	$	365	$	388	$	(175	)	$	578
Six Months Ended June 30, 2013
Processing and services revenue	$	930	$	1,057	$	(6	)	$	1,981
Product revenue		313		76		(20	)		369
Total revenue	$	1,243	$	1,133	$	(26	)	$	2,350
Operating income	$	345	$	347	$	(208	)	$	484

Goodwill in the Payments and Financial segments was $3.4 billion and $1.8 billion, respectively, as of June 30, 2014 and December 31, 2013.