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Fidelity National Information Services, Inc., or FNIS
We considered FNIS a related party until September 17, 2008,
because Lee A. Kennedy, one of our directors until that date was
President and Chief Executive Officer and a Director of FNIS. We sell
certain consumer credit information services to FNIS. Revenue from
FNIS, as a customer, for credit disclosure reports and portfolio
reviews was not material during the twelve months ended
December 31, 2008. In addition, FNIS provides customer invoice and
disclosure notification printing and mailing services to us. Amounts
paid to FNIS for fulfillment services were $12.1 million for the twelve
months ended December 31, 2008.
On February 29, 2008, in order to enhance our mortgage solutions
market share, we acquired certain assets and specified liabilities of
FIS Credit Services, Inc., a related party mortgage credit reporting
reseller, for cash consideration of $6.0 million. This is considered a
related party transaction since FNIS is the parent company of
FIS Credit Services, Inc.
13. SEGMENT INFORMATION
Reportable Segments. We manage our business and report our
financial results through the following five reportable segments, which
are the same as our operating segments:
• U.S. Consumer Information Solutions
• TALX
• International
• North America Personal Solutions
• North America Commercial Solutions
The accounting policies of the reportable segments are the same as
those described in our summary of significant accounting policies
(see Note 1). We evaluate the performance of these reportable seg-
ments based on their operating revenues, operating income and
operating margins, excluding any unusual or infrequent items, if any.
Inter-segment sales and transfers are not material for all periods
presented. The measurement criteria for segment profit or loss and
segment assets are substantially the same for each reportable seg-
ment. All transactions between segments are accounted for at cost,
and no timing differences occur between segments.
A summary of segment products and services is as follows:
U.S. Consumer Information Solutions. This segment includes
consumer information services (such as credit information and credit
scoring, credit modeling services, locate services, fraud detection and
prevention services, identity verification services and other consulting
services); mortgage loan origination information, appraisal, title and
closing services; consumer financial marketing services; and multi-
factor authentication solutions.
TALX. This segment includes employment, income and social
security number verification services (known as The Work Number)
and employment tax and talent management services.
International. This segment includes information services products,
which includes consumer and commercial services (such as credit
and financial information, credit scoring and credit modeling services),
credit and other marketing products and services, and products and
services sold directly to consumers.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued
EQUIFAX 2010 ANNUAL REPORT
68
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