Revenue (Tables)

6 Months Ended

Jun. 30, 2020

Revenue

Disaggregation of revenue earned from contracts with customers

Management has determined that the significant majority of the Company’s revenue is recognized at a point in time. The following tables represent the disaggregation of revenue earned from contracts with customers by product type and region for the three and six months ended June 30, 2020 and 2019 (in millions). The regional split of revenue shown in the tables below is based upon where transactions are initiated.

	Three Months Ended June 30, 2020
			Foreign
	Consumer		Exchange
	Money		and Payment		Consumer		Other
	Transfers		Services		Bill Payments		Services		Total
Regions:
North America	$	399.6	$	17.0	$	17.1	$	14.3	$	448.0
Europe and Russia/CIS		301.2		26.2		0.5		0.2		328.1
Middle East, Africa, and South Asia		137.7		0.3		—		—		138.0
Latin America and the Caribbean		54.3		0.6		15.8		2.0		72.7
East Asia and Oceania		55.5		12.9		0.4		—		68.8
Revenues from contracts with customers	$	948.3	$	57.0	$	33.8	$	16.5	$	1,055.6
Other revenues (a)		28.3		22.4		2.6		5.8		59.1
Total revenues (b)	$	976.6	$	79.4	$	36.4	$	22.3	$	1,114.7
	Six Months Ended June 30, 2020
			Foreign
	Consumer		Exchange
	Money		and Payment		Consumer		Other
	Transfers		Services		Bill Payments		Services		Total
Regions:
North America	$	784.4	$	39.2	$	39.8	$	28.7	$	892.1
Europe and Russia/CIS		602.1		57.7		1.3		0.9		662.0
Middle East, Africa, and South Asia		294.6		0.8		0.1		—		295.5
Latin America and the Caribbean		138.7		1.2		39.6		4.1		183.6
East Asia and Oceania		114.6		29.7		0.7		—		145.0
Revenues from contracts with customers	$	1,934.4	$	128.6	$	81.5	$	33.7	$	2,178.2
Other revenues (a)		57.6		49.2		7.9		11.8		126.5
Total revenues (b)	$	1,992.0	$	177.8	$	89.4	$	45.5	$	2,304.7

	Three Months Ended June 30, 2019
			Foreign
	Consumer		Exchange
	Money		and Payment		Consumer		Other
	Transfers		Services		Bill Payments (c)		Services		Total
Regions:
North America	$	424.3	$	23.3	$	61.1	$	14.1	$	522.8
Europe and Russia/CIS		339.8		31.6		0.9		1.0		373.3
Middle East, Africa, and South Asia		159.9		0.5		0.1		—		160.5
Latin America and the Caribbean		98.8		1.0		32.3		4.1		136.2
East Asia and Oceania		65.4		16.4		0.4		—		82.2
Revenues from contracts with customers	$	1,088.2	$	72.8	$	94.8	$	19.2	$	1,275.0
Other revenues (a)		24.7		22.8		11.3		6.7		65.5
Total revenues (b)	$	1,112.9	$	95.6	$	106.1	$	25.9	$	1,340.5
	Six Months Ended June 30, 2019
			Foreign
	Consumer		Exchange
	Money		and Payment		Consumer		Other
	Transfers		Services		Bill Payments (c)		Services		Total
Regions:
North America	$	819.8	$	45.4	$	176.2	$	28.6	$	1,070.0
Europe and Russia/CIS		663.0		63.5		1.5		1.9		729.9
Middle East, Africa, and South Asia		313.2		1.0		0.2		—		314.4
Latin America and the Caribbean		194.1		2.0		65.9		7.6		269.6
East Asia and Oceania		131.9		33.9		0.7		—		166.5
Revenues from contracts with customers	$	2,122.0	$	145.8	$	244.5	$	38.1	$	2,550.4
Other revenues (a)		47.8		45.4		20.8		13.1		127.1
Total revenues (b)	$	2,169.8	$	191.2	$	265.3	$	51.2	$	2,677.5

(a) Includes revenue from the sale of derivative financial instruments, investment income generated on settlement assets primarily related to money transfer and money order services, and other sources.

(b) Revenues from "Consumer money transfers" are included in the Company’s Consumer-to-Consumer segment, revenues from "Foreign exchange and payment services" are included in the Company’s Business Solutions segment, and revenues from "Consumer bill payments" and "Other services" are not included in the Company’s segments and are reported as Other. See Note 16 for further information on the Company’s segments.

(c) On February 28, 2019, the Company entered into an agreement with ACI Worldwide Corp. and ACW Worldwide, Inc. to sell its United States based electronic bill payments business known as “Speedpay,” and closed the transaction on May 9, 2019. Included within North America revenues are Speedpay revenues of $37.2 million and $125.4 million for the three and six months ended June 30, 2019, respectively.