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SETTLEMENT PROCESSING ASSETS AND OBLIGATIONS (Tables)
 3 Months Ended
Mar. 31, 2019
Offsetting [Abstract]  
Schedule of Offsetting Assets
As of March 31, 2019 and December 31, 2018, settlement processing assets and obligations consisted of the following:
 
March 31, 2019
 
December 31, 2018
 
 
 
 
 
(in thousands)
 
 
 
 
Settlement processing assets:
 
 
 
Interchange reimbursement
$
268,329

 
$
154,978

Receivable from members
106,690

 
228,107

Receivable from networks
2,406,807

 
1,221,060

Exception items
9,885

 
7,636

Merchant reserves
(16,340
)
 
(11,559
)
 
$
2,775,371

 
$
1,600,222

 
 
 
 
Settlement processing obligations:
 
 
 
Interchange reimbursement
$
85,322

 
$
193,235

Liability to members
(21,004
)
 
(182,450
)
Liability to merchants
(2,504,918
)
 
(1,144,249
)
Exception items
3,274

 
7,146

Merchant reserves
(136,686
)
 
(145,826
)
Reserve for operating losses and sales allowances
(5,864
)
 
(4,212
)
 
$
(2,579,876
)
 
$
(1,276,356
)
Schedule of Offsetting Liabilities
As of March 31, 2019 and December 31, 2018, settlement processing assets and obligations consisted of the following:
 
March 31, 2019
 
December 31, 2018
 
 
 
 
 
(in thousands)
 
 
 
 
Settlement processing assets:
 
 
 
Interchange reimbursement
$
268,329

 
$
154,978

Receivable from members
106,690

 
228,107

Receivable from networks
2,406,807

 
1,221,060

Exception items
9,885

 
7,636

Merchant reserves
(16,340
)
 
(11,559
)
 
$
2,775,371

 
$
1,600,222

 
 
 
 
Settlement processing obligations:
 
 
 
Interchange reimbursement
$
85,322

 
$
193,235

Liability to members
(21,004
)
 
(182,450
)
Liability to merchants
(2,504,918
)
 
(1,144,249
)
Exception items
3,274

 
7,146

Merchant reserves
(136,686
)
 
(145,826
)
Reserve for operating losses and sales allowances
(5,864
)
 
(4,212
)
 
$
(2,579,876
)
 
$
(1,276,356
)