First Data 2013 Annual Report Download - page 37

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Financial Services segment results.
 
     
Revenues:
Transaction and processing service fees $1,320.3 $1,350.0 $1,350.0 (2)% 0%
Product sales and other 48.2 40.1 29.5 20% 36%
Segment revenue $1,368.5 $ 1,390.1 $ 1,379.5 (2)% 1%
Segment EBITDA $617.9 $603.1 $593.5 2% 2%
Segment margin 45% 43% 43% 2pts 0pts
Key indicators:
Domestic debit issuer transactions (a) 11,313.9 12,113.8 13,042.6 (7)% (7)%
Domestic active card accounts on file (average
for the period) (b) 147.0 132.4 115.2 11% 15%
Domestic card accounts on file (end of period)
(c) 751.1 738.1 706.7 2% 4%
(a) Domestic debit issuer transactions include signature and PIN-debit transactions, STAR and non-STAR branded.
(b) Domestic active card accounts on file reflect the average number of bankcard and retail accounts that had a balance or any monetary posting or
authorization activity during the periods presented. Domestic active card accounts on file for the periods presented have been revised from amounts
reported in prior periods to disclose an average count of active card accounts on file rather than the previously disclosed end of period data.
(c) Domestic card accounts on file include credit, retail and debit card accounts as of the last day of the last month of the period.
Transaction and processing service fees revenue.
Components of transaction and processing service fees revenue.
 
     
Credit card, retail card and debit processing $887.0 $911.5 $ 907.2 (3)% 0%
Output services 243.7 229.8 225.3 6% 2%
Other revenue 189.6 208.7 217.5 (9)% (4)%
Total transaction and processing service fees
revenue $1,320.3 $1,350.0 $1,350.0 (2)% 0%
Credit card, retail card and debit processing revenue. Increases in credit card and retail card processing revenue were more than offset by
decreases in debit processing revenue in 2013 compared to 2012. The increases in credit card and retail card processing revenue were due primarily to growth
from existing customers and net new business, partially offset by price compression on contract renewals as well as volume based pricing incentives.
Domestic active card accounts on file in 2013 versus 2012 benefited primarily from net new account conversions and growth from existing customers.
Debit processing revenue decreased for 2013 compared to 2012 due to net lost business, including the loss of a large financial institution that
completed its final deconversion in the third quarter of 2012, and price compression on contract renewals and other net pricing incentives.
Credit card and retail card processing revenue increased for 2012 compared to 2011 due to net new business and volume growth from existing
customers mostly offset by price compression on contract renewals as well as volume based pricing incentives. Growth in domestic active card accounts on
file in 2012 versus 2011 benefited primarily from net new account conversions, mostly retail accounts; the substantial majority of which were converted in
March 2012.
Debit processing revenue decreased for 2012 compared to 2011 due primarily to net lost business and price compression on contract renewals as well
as other net contractual pricing incentives partially offset by new fees implemented in 2011, primarily regulatory compliance fees, and volume growth from
existing customers.
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