NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Clearing, Settlement and Sponsorship Agreement and Treasury Management Agreement
Fifth Third is a member of the Visa, Mastercard and other payment network associations. Fifth Third is the Companys primary sponsor into
the respective card associations. In July 2016, the Company amended and extended its agreement with Fifth Third, through December 2024. Fifth Third also provides access to certain cash and treasury management services to the Company. For the years
ended December 31, 2017 and 2016, the Company paid Fifth Third approximately $2.3 million and $2.9 million, respectively, for these services. As discussed in Note 1Basis of Presentation and Summary of Significant Accounting
Policies, the Company holds certain cash and cash equivalents on deposit at Fifth Third. At December 31, 2017, approximately $81.0 million was held on deposit at Fifth Third. Interest income on deposits held at Fifth Third during the years
ended December 31, 2017 and 2016 was immaterial.
Other Non-material Services
The Company received certain other non-material services from Fifth Third. The total expense for other
services provided by Fifth Third for the years ended 2017 and 2016 was $0.2 million and $0.3 million, respectively.
19. SEGMENT INFORMATION
As a result of changes driven by the Companys acquisition of Legacy Worldpay, the Companys reportable segments have
changed and the Company has recast the years ended December 31, 2017 and 2016 segment information to align with the new reportable segments. The new segments are Technology Solutions, Merchant Solutions and Issuer Solutions, which are organized
based on the Companys solution offerings. The reorganization consisted of separating the Companys former Merchant segment into two separate segments, Technology Solutions and Merchant Solutions, with the Companys Financial
Institutions segment renamed Issuer Solutions. The Companys Chairman of the Board and Chief Executive Officer is the chief operating decision maker (CODM), who evaluates the performance and allocates resources based on the
operating results of each segment. The Companys reportable segments are the same as the Companys operating segments and there is no aggregation of the Companys operating segments. Below is a summary of each segment:
Technology SolutionsTechnology Solutions provides merchant acquiring, payment processing and related
services to a diverse set of merchants that primarily accept payments through eCommerce and integrated payment solutions.
Merchant SolutionsMerchant Solutions provides merchant acquiring, payment processing and related
services to a diverse set of merchants that primarily accept payments through an omni-channel solution including terminal based.
Issuer SolutionsIssuer Solutions provides card issuer processing, payment network processing, fraud
protection and card production to a diverse set of financial institutions, including regional banks, community banks, credit unions and regional PIN networks.
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