Equifax 2009 Annual Report Download - page 75

Fidelity National Information Services, Inc., or FNIS presented. The measurement criteria for segment profit or loss and
We considered FNIS a related party until September 17, 2008, segment assets are substantially the same for each reportable seg-
because Lee A. Kennedy, one of our directors until that date was ment. All transactions between segments are accounted for at cost,
President and Chief Executive Officer and a Director of FNIS. We and no timing differences occur between segments.
sell certain consumer credit information services to FNIS. Revenue
from FNIS, as a customer, for credit disclosure reports and portfolio A summary of segment products and services is as follows:
reviews was not material during the twelve months ended Decem-
ber 31, 2008 and 2007. In addition, FNIS provides customer invoice U.S. Consumer Information Solutions. This segment includes
and disclosure notification printing and mailing services to us. consumer information services (such as credit information and credit
Amounts paid to FNIS for fulfillment services were $12.1 million and scoring, credit modeling services, locate services, fraud detection
$11.5 million for the twelve months ended December 31, 2008 and and prevention services, identity verification services and other con-
2007, respectively. sulting services); mortgage loan origination information, appraisal,
title and closing services; consumer financial marketing services;
On February 29, 2008, in order to enhance our mortgage solutions and consumer demographic and lifestyle information services.
market share, we acquired certain assets and specified liabilities of
FIS Credit Services, Inc., a related party mortgage credit reporting TALX. This segment includes employment, income and social
reseller, for cash consideration of $6.0 million. This is considered a security number verification services (known as The Work Number)
related party transaction since FNIS is the parent company of FIS and employment tax and talent management services.
Credit Services, Inc.
International. This segment includes information services products,
which includes consumer and commercial services (such as credit
12. SEGMENT INFORMATION and financial information, credit scoring and credit modeling ser-
Reportable Segments. We manage our business and report our vices), credit and other marketing products and services, and prod-
financial results through the following five reportable segments, ucts and services sold directly to consumers.
which are the same as our operating segments:
• U.S. Consumer Information Solutions North America Personal Solutions. This segment includes credit
• TALX information, credit monitoring and identity theft protection products
• International sold directly to consumers via the Internet and in various hard-copy
• North America Personal Solutions formats.
• North America Commercial Solutions
North America Commercial Solutions. This segment includes
The accounting policies of the reportable segments are the same as commercial products and services such as business credit and
those described in our summary of significant accounting policies demographic information, credit scores and portfolio analytics (deci-
(see Note 1). We evaluate the performance of these reportable seg- sioning tools), which are derived from our databases of business
ments based on their operating revenues, operating income and credit, financial and demographic information.
operating margins, excluding any unusual or infrequent items, if any.
Inter-segment sales and transfers are not material for all periods
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