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Segment Information (Tables)

9 Months Ended

Sep. 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 September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Revenue
Banks			$	222,031					$	155,684					$	471,109					$	361,231
Merchants			50,120						36,267						123,865						107,556
Billers			179,601						171,064						546,276						507,229
Total revenue			$	451,752					$	363,015					$	1,141,250					$	976,016
Segment Adjusted EBITDA
Banks			$	153,944					$	91,010					$	274,794					$	167,313
Merchants			26,711						10,296						52,737						26,751
Billers			30,920						39,186						99,092						100,056
Depreciation and amortization			(31,515)						(30,463)						(86,710)						(93,438)
Stock-based compensation expense			(11,346)						(6,822)						(30,165)						(17,537)
Corporate and unallocated expenses			(46,128)						(41,283)						(123,901)						(135,053)
Interest, net			(14,485)						(16,345)						(44,004)						(48,183)
Other, net			(823)						1,084						(1,692)						(6,403)
Income (loss) before income taxes			$	107,278					$	46,663					$	140,151					$	(6,494)

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 September 30, 2024
			Banks						Merchants						Billers						Total
Primary Solution Categories
Bill Payments			$	—					$	—					$	179,601					$	179,601
Merchant Payments			—						50,120						—						50,120
Fraud Management			18,451						—						—						18,451
Real-Time Payments			45,376						—						—						45,376
Issuing and Acquiring			158,204						—						—						158,204
Total			$	222,031					$	50,120					$	179,601					$	451,752
			Three Months Ended September 30, 2023
			Banks						Merchants						Billers						Total
Primary Solution Categories
Bill Payments			$	—					$	—					$	171,064					$	171,064
Merchant Payments			—						36,267						—						36,267
Fraud Management			16,543						—						—						16,543
Real-Time Payments			26,374						—						—						26,374
Issuing and Acquiring			112,767						—						—						112,767
Total			$	155,684					$	36,267					$	171,064					$	363,015
			Nine Months Ended September 30, 2024
			Banks						Merchants						Billers						Total
Primary Solution Categories
Bill Payments			$	—					$	—					$	546,276					$	546,276
Merchant Payments			—						123,865						—						123,865
Fraud Management			39,145						—						—						39,145
Real-Time Payments			96,553						—						—						96,553
Issuing and Acquiring			335,411						—						—						335,411
Total			$	471,109					$	123,865					$	546,276					$	1,141,250
			Nine Months Ended September 30, 2023
			Banks						Merchants						Billers						Total
Primary Solution Categories
Bill Payments			$	—					$	—					$	507,229					$	507,229
Merchant Payments			—						107,556						—						107,556
Fraud Management			38,051						—						—						38,051
Real-Time Payments			72,271						—						—						72,271
Issuing and Acquiring			250,909						—						—						250,909
Total			$	361,231					$	107,556					$	507,229					$	976,016

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Banks
Software as a service and platform as a service			$	11,697					$	10,167					$	33,924					$	29,158
License			143,338						77,779						235,357						136,980
Maintenance			43,916						48,084						133,215						142,050
Services			23,080						19,654						68,613						53,043
Total			$	222,031					$	155,684					$	471,109					$	361,231
Merchants
Software as a service and platform as a service			$	32,069					$	30,162					$	94,298					$	89,660
License			14,091						1,900						17,627						5,701
Maintenance			3,643						3,834						10,831						11,314
Services			317						371						1,109						881
Total			$	50,120					$	36,267					$	123,865					$	107,556
Billers
Software as a service and platform as a service			$	179,601					$	171,040					$	546,276					$	507,157
License			—						—						—						—
Maintenance			—						24						—						72
Services			—						—						—						—
Total			$	179,601					$	171,064					$	546,276					$	507,229

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 September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Revenue
United States			$	241,054					$	226,911					$	698,704					$	633,379
Other			210,698						136,104						442,546						342,637
Total			$	451,752					$	363,015					$	1,141,250					$	976,016

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):

			September 30, 2024						December 31, 2023
Long-lived Assets
United States			$	1,155,409					$	1,216,158
Other			787,302						763,437
Total			$	1,942,711					$	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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