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CUSTOMER FUNDS (Tables)

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Assets Underlying Customer Funds

The following table presents the assets underlying customer funds (in thousands):

			December 31, 2024						December 31, 2023
Cash			$	3,195,253					$	2,137,634
Cash equivalents:
Money market funds			4,645						4,042
Reverse repurchase agreement (i)			982,974						1,028,754
Total customer funds			$	4,182,872					$	3,170,430

(i) The Company has accounted for the reverse repurchase agreement with various third parties as an overnight lending arrangement, collateralized by the securities subject to the repurchase agreement. The Company classifies the amounts due from the counterparty as cash equivalents due to their short term nature.

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- Definition

Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs.

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