Segment Information

9 Months Ended

Sep. 30, 2019

Our operations are comprised of two reportable segments: 1) Account Services and 2) Processing and Settlement Services. We identified our reportable segments based on factors such as how we manage our operations and how our chief operating decision maker, who is our Chief Executive Officer, views results. Our chief operating decision maker organizes and manages our business primarily on the basis of product and service offerings and uses operating income to assess profitability.

The Account Services segment consists of revenues and expenses derived from our deposit account programs, such as prepaid cards, debit cards, consumer and small business checking accounts, secured credit cards, payroll debit cards and gift cards. These deposit account programs are marketed under several of our leading consumer brand names and under the brand names of our BaaS partners. The Processing and Settlement Services segment consists of revenues and expenses derived from our products and services that specialize in facilitating the movement of cash on behalf of consumers and businesses, such as consumer cash processing services, wage disbursements and tax refund processing services. The Corporate and Other segment primarily consists of eliminations of intersegment revenues and expenses, unallocated corporate expenses, depreciation and amortization, and other costs that are not considered when management evaluates segment performance. We do not evaluate performance or allocate resources based on segment asset data, and therefore such information is not presented.

Note 18—Segment Information (continued)

The following tables present certain financial information for each of our reportable segments for the periods then ended:



	Three Months Ended September 30, 2019
	Account Services		Processing and Settlement Services		Corporate and Other			Total
	(In thousands)
Operating revenues	$	191,273	$	56,025	$	(6,850	)	$	240,448
Operating expenses	173,014		49,151		20,470			242,635
Operating income (loss)	$	18,259	$	6,874	$	(27,320	)	$	(2,187	)



	Three Months Ended September 30, 2018
	Account Services		Processing and Settlement Services		Corporate and Other			Total
	(In thousands)
Operating revenues	$	199,476	$	44,193	$	(7,336	)	$	236,333
Operating expenses	150,189		42,610		42,863			235,662
Operating income	$	49,287	$	1,583	$	(50,199	)	$	671



	Nine Months Ended September 30, 2019
	Account Services		Processing and Settlement Services		Corporate and Other			Total
	(In thousands)
Operating revenues	$	646,938	$	236,714	$	(24,364	)	$	859,288
Operating expenses	515,375		149,533		71,219			736,127
Operating income	$	131,563	$	87,181	$	(95,583	)	$	123,161



	Nine Months Ended September 30, 2018
	Account Services		Processing and Settlement Services		Corporate and Other			Total
	(In thousands)
Operating revenues	$	636,786	$	208,133	$	(24,452	)	$	820,467
Operating expenses	485,924		135,633		83,891			705,448
Operating income	$	150,862	$	72,500	$	(108,343	)	$	115,019