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I mentioned on our last call that we will quantify the backlog in our enterprise business.This represents annual revenue, associated with new enterprise business that has been signed but not yet implemented around.We had another competitive takeaway in the bank merchant acquiring partnership space.Valley National Bank with over 200 branches spread across New Jersey, Long Island and Florida, a fantastic regional bank addition to a long list of merchant acquiring partners in recent wins in the space.
As I just noted, the softness in our JV channel was anticipated during the quarter.A copy of the slide presentation, as well as our earnings press release and supplemental schedules, are available on our website at investor.Throughout this call, segment revenue, expense and EBITDA growth rates referenced by Frank and Himanshu will be on a constant currency basis and exclude the impact from the divestiture of the Australian ATM business.We and our bank partners are in deep discussions to improve these businesses.
Moving on, let me update you on the enterprise client space, where we continue to see strong momentum, in fact, I believe the strongest that I have seen since joining First Data.
If we have time at the end, you can come back into the queue for another question.