S- I/A Table of Contain Global Business Solutions Our OBS segment revenues are primarily derived from processing credit and debit card transactions for business clients and also include fees for providing processing, loyalty and software services and sales and leases of POS devices. Revenues are generated from a variety of sources: • Discount fees charged to a merchant, net of credit and debit card interchange and assessment fees charged by the payment networks. The discount fee is typically either a percentage of the purchase amount or an interchange fee plus a fixed dollar amount: • Processing fees charged to our alliances: • Processing fees charged to merchant acquirers who have outsourced their transaction processing to us; Sales and leases of POS devices: Fees from providing reporting and other services: and • Software and software-as-a-service fees generated from the Clover App Starker. GBS revenue is presented net of interchange feu and assessments but includes reimburseable debit network firs and other, which is also included as an expense. A substantial portion of our business within the GI3S segment is conducted through merchant alliances between the Company and financial institutions. If we have majority ownership and management control over an alliance, then the alliance's financial statements are consolidated with ours and the related processing fees are treated as an intercompany transaction and eliminated upon consolidation. If we do not have a controlling ownership interest in an alliance, we use the equity method of accounting to account for our investment in the alliance. As a result, our consolidated revenues include certain processing fees charged to alliances accounted for under the equity method. A large portion of segment revenue is derived from transaction and processing related services. This business is dependent on macroeconomic consumer trends and global economic conditions that affect the volume of consumer spendi