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Business Segment Information
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Business Segment Information
11. 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 debit, credit and prepaid card processing and services, electronic bill payment and presentment services, internet and mobile banking software and services, person-to-person payment 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 banks, thrifts, credit unions, and leasing and finance companies 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 March 31, 2015

           

Processing and services revenue

   $ 516       $ 552       $ (1    $ 1,067   

Product revenue

     180         41         (13      208   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenue

$ 696    $ 593    $ (14 $ 1,275   
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating income

$ 191    $ 204    $ (81 $ 314   
  

 

 

    

 

 

    

 

 

    

 

 

 

Three Months Ended March 31, 2014

Processing and services revenue

$ 491    $ 539    $ (3 $ 1,027   

Product revenue

  182      36      (11   207   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenue

$ 673    $ 575    $ (14 $ 1,234   
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating income

$ 180    $ 185    $ (94 $ 271   
  

 

 

    

 

 

    

 

 

    

 

 

 

As of both March 31, 2015 and December 31, 2014, goodwill was $3.4 billion and $1.8 billion in the Payments and Financial segments, respectively.