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Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Selected Financial Data by Reportable Segment

The following is selected financial data for the Company’s reportable segments for the periods indicated (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Revenue
Banks			$	143,649					$	117,507					$	249,078					$	205,547
Merchants			38,017						36,508						73,745						71,289
Billers			191,813						169,310						366,675						336,165
Total revenue			$	373,479					$	323,325					$	689,498					$	613,001
Segment Adjusted EBITDA
Banks			$	79,212					$	51,622					$	120,850					$	76,303
Merchants			15,375						9,911						26,026						16,455
Billers			37,435						31,229						68,172						60,870
Depreciation and amortization			(27,586)						(31,436)						(55,195)						(62,975)
Stock-based compensation expense			(10,720)						(5,414)						(18,819)						(10,715)
Corporate and unallocated expenses			(40,015)						(45,392)						(77,773)						(93,770)
Interest, net			(14,518)						(16,451)						(29,519)						(31,838)
Other, net			1,156						(4,092)						(869)						(7,487)
Income (loss) before income taxes			$	40,339					$	(10,023)					$	32,873					$	(53,157)

Schedule of Revenue by Primary Solution Category for Reportable Segments

The following is revenue by primary solution category for the Company’s reportable segments for the periods indicated (in thousands):

			Three Months Ended June 30, 2024
			Banks						Merchants						Billers						Total
Primary Solution Categories
Bill Payments			$	—					$	—					$	191,813					$	191,813
Merchant Payments			—						38,017						—						38,017
Fraud Management			9,187						—						—						9,187
Real-Time Payments			26,429						—						—						26,429
Issuing and Acquiring			108,033						—						—						108,033
Total			$	143,649					$	38,017					$	191,813					$	373,479
			Three Months Ended June 30, 2023
			Banks						Merchants						Billers						Total
Primary Solution Categories
Bill Payments			$	—					$	—					$	169,310					$	169,310
Merchant Payments			—						36,508						—						36,508
Fraud Management			12,153						—						—						12,153
Real-Time Payments			26,499						—						—						26,499
Issuing and Acquiring			78,855						—						—						78,855
Total			$	117,507					$	36,508					$	169,310					$	323,325
			Six Months Ended June 30, 2024
			Banks						Merchants						Billers						Total
Primary Solution Categories
Bill Payments			$	—					$	—					$	366,675					$	366,675
Merchant Payments			—						73,745						—						73,745
Fraud Management			20,694						—						—						20,694
Real-Time Payments			51,177						—						—						51,177
Issuing and Acquiring			177,207						—						—						177,207
Total			$	249,078					$	73,745					$	366,675					$	689,498
			Six Months Ended June 30, 2023
			Banks						Merchants						Billers						Total
Primary Solution Categories
Bill Payments			$	—					$	—					$	336,165					$	336,165
Merchant Payments			—						71,289						—						71,289
Fraud Management			21,508						—						—						21,508
Real-Time Payments			45,897						—						—						45,897
Issuing and Acquiring			138,142						—						—						138,142
Total			$	205,547					$	71,289					$	336,165					$	613,001

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Banks
Software as a service and platform as a service			$	11,709					$	9,742					$	22,227					$	18,991
License			63,486						42,885						92,019						59,201
Maintenance			44,973						47,624						89,299						93,966
Services			23,481						17,256						45,533						33,389
Total			$	143,649					$	117,507					$	249,078					$	205,547
Merchants
Software as a service and platform as a service			$	31,877					$	30,648					$	62,229					$	59,498
License			2,096						1,786						3,536						3,801
Maintenance			3,760						3,743						7,188						7,480
Services			284						331						792						510
Total			$	38,017					$	36,508					$	73,745					$	71,289
Billers
Software as a service and platform as a service			$	191,813					$	169,286					$	366,675					$	336,117
License			—						—						—						—
Maintenance			—						24						—						48
Services			—						—						—						—
Total			$	191,813					$	169,310					$	366,675					$	336,165

Schedule of Revenue by Geographic Location

The following is the Company's revenue by geographic location for the periods indicated (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Revenue
United States			$	229,543					$	205,199					$	457,650					$	406,468
Other			143,936						118,126						231,848						206,533
Total			$	373,479					$	323,325					$	689,498					$	613,001

Schedule of Long-lived Assets by Geographic Location

The following is the Company’s long-lived assets by geographic location for the periods indicated (in thousands):

			June 30, 2024						December 31, 2023
Long-lived Assets
United States			$	1,182,509					$	1,216,158
Other			739,723						763,437
Total			$	1,922,232					$	1,979,595

X

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Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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