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SETTLEMENT PROCESSING ASSETS AND OBLIGATIONS (Tables)
 6 Months Ended
Jun. 30, 2018
Offsetting [Abstract]  
Schedule of Offsetting Assets
As of June 30, 2018 and December 31, 2017, settlement processing assets and obligations consisted of the following:
 
June 30, 2018
 
December 31, 2017
 
 
 
 
 
(in thousands)
 
 
 
 
Settlement processing assets:
 
 
 
Interchange reimbursement
$
282,096

 
$
304,964

(Liability to) receivable from members
(11,607
)
 
104,339

Receivable from networks
1,768,906

 
2,055,390

Exception items
9,979

 
7,867

Merchant reserves
(15,436
)
 
(13,268
)
 
$
2,033,938

 
$
2,459,292

 
 
 
 
Settlement processing obligations:
 
 
 
Interchange reimbursement
$
92,740

 
$
72,053

Liability to members
(22,152
)
 
(20,369
)
Liability to merchants
(1,651,574
)
 
(1,961,107
)
Exception items
12,607

 
6,863

Merchant reserves
(141,895
)
 
(133,907
)
Reserve for operating losses and sales allowances
(4,101
)
 
(4,042
)
 
$
(1,714,375
)
 
$
(2,040,509
)
Schedule of Offsetting Liabilities
As of June 30, 2018 and December 31, 2017, settlement processing assets and obligations consisted of the following:
 
June 30, 2018
 
December 31, 2017
 
 
 
 
 
(in thousands)
 
 
 
 
Settlement processing assets:
 
 
 
Interchange reimbursement
$
282,096

 
$
304,964

(Liability to) receivable from members
(11,607
)
 
104,339

Receivable from networks
1,768,906

 
2,055,390

Exception items
9,979

 
7,867

Merchant reserves
(15,436
)
 
(13,268
)
 
$
2,033,938

 
$
2,459,292

 
 
 
 
Settlement processing obligations:
 
 
 
Interchange reimbursement
$
92,740

 
$
72,053

Liability to members
(22,152
)
 
(20,369
)
Liability to merchants
(1,651,574
)
 
(1,961,107
)
Exception items
12,607

 
6,863

Merchant reserves
(141,895
)
 
(133,907
)
Reserve for operating losses and sales allowances
(4,101
)
 
(4,042
)
 
$
(1,714,375
)
 
$
(2,040,509
)