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SETTLEMENT PROCESSING ASSETS AND OBLIGATIONS (Tables)
 9 Months Ended
Sep. 30, 2017
Offsetting [Abstract]  
Schedule of offsetting liabilities
As of September 30, 2017 and December 31, 2016, settlement processing assets and obligations consisted of the following:
 
September 30, 2017
 
December 31, 2016
 
 
 
 
 
(in thousands)
 
 
 
 
Settlement processing assets:
 
 
 
Interchange reimbursement
$
288,923

 
$
150,612

Receivable from members
14,483

 
71,590

Receivable from networks
1,546,821

 
1,325,029

Exception items
9,570

 
6,450

Merchant reserves
(12,565
)
 
(6,827
)
 
$
1,847,232

 
$
1,546,854

 
 
 
 
Settlement processing obligations:
 
 
 
Interchange reimbursement
$
74,970

 
$
199,202

Liability to members
(20,340
)
 
(177,979
)
Liability to merchants
(1,472,221
)
 
(1,358,271
)
Exception items
11,018

 
21,194

Merchant reserves
(140,327
)
 
(158,419
)
Reserve for operating losses and sales allowances
(3,727
)
 
(2,939
)
 
$
(1,550,627
)
 
$
(1,477,212
)
Schedule of offsetting assets
As of September 30, 2017 and December 31, 2016, settlement processing assets and obligations consisted of the following:
 
September 30, 2017
 
December 31, 2016
 
 
 
 
 
(in thousands)
 
 
 
 
Settlement processing assets:
 
 
 
Interchange reimbursement
$
288,923

 
$
150,612

Receivable from members
14,483

 
71,590

Receivable from networks
1,546,821

 
1,325,029

Exception items
9,570

 
6,450

Merchant reserves
(12,565
)
 
(6,827
)
 
$
1,847,232

 
$
1,546,854

 
 
 
 
Settlement processing obligations:
 
 
 
Interchange reimbursement
$
74,970

 
$
199,202

Liability to members
(20,340
)
 
(177,979
)
Liability to merchants
(1,472,221
)
 
(1,358,271
)
Exception items
11,018

 
21,194

Merchant reserves
(140,327
)
 
(158,419
)
Reserve for operating losses and sales allowances
(3,727
)
 
(2,939
)
 
$
(1,550,627
)
 
$
(1,477,212
)