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Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025
			Payment Software						Biller						Total
Revenue			$	200,725					$	193,840					$	394,565
Less:
Interchange (a)			—						130,828						130,828
Global technology and innovation (b)			64,667						13,236						77,903
Other segment items (c)			29,497						18,881						48,378
Segment Adjusted EBITDA			$	106,561					$	30,895					$	137,456
Reconciliation of income before income taxes
Depreciation and amortization															(23,985)
Stock-based compensation expense															(11,627)
Corporate and unallocated expenses															(43,328)
Interest, net															(10,619)
Other, net															23,740
Income before income taxes															$	71,637
			Three Months Ended March 31, 2024
			Payment Software						Biller						Total
Revenue			$	141,157					$	174,862					$	316,019
Less:
Interchange (a)			—						112,394						112,394
Global technology and innovation (b)			60,432						11,983						72,415
Other segment items (c)			28,436						19,748						48,184
Segment Adjusted EBITDA			$	52,289					$	30,737					$	83,026
Reconciliation of loss before income taxes
Depreciation and amortization															(27,609)
Stock-based compensation expense															(8,099)
Corporate and unallocated expenses															(37,758)
Interest, net															(15,001)
Other, net															(2,025)
Loss before income taxes															$	(7,466)

(a) Interchange – Interchange costs include all payment card interchange fees, amounts payable to banks, and payment card processing fees associated with providing services to Biller customers.

(b) Global Technology & Innovation – (“GTI”) costs include the costs of maintaining software products, as well as the costs required to deliver, install, and support software at customer sites. It also includes maintenance costs, which are the efforts associated with providing the customer with upgrades, 24-hour help desk, post go-live (remote) support, and production-type support for software that was previously installed at a customer location. GTI includes costs to provide SaaS and PaaS services including our data center operations. Service costs including human resource and other incidental costs such as travel and training required for both pre go-live and post go-live support. Such efforts include project management, delivery, product customization and implementation, installation support, consulting, configuration, and on-site support. GTI also includes research and development expenses which are primarily human resource costs related to the creation of new products, improvements made to existing products, as well as compatibility with new operating system releases and generations of hardware.

(c) Other segment items – other includes selling and marketing, product management, third-party royalties and other cost of goods sold excluding interchange. Selling and marketing costs, which are the costs related to selling our products to current and prospective customers as well as the costs related to promoting the Company, its products and the research efforts required to measure customers’ future needs and satisfaction levels. Selling costs are primarily the human resource and travel costs related to the effort expended to license our products and services to current and potential clients within defined territories and/or industries as well as the management of the overall relationship with customer accounts. Selling costs also include the costs associated with assisting distributors in their efforts to sell our products and services in their respective local markets. Product management costs are primarily the human resource costs related to developing and documenting our product requirements.

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 March 31, 2025
			Payment Software						Biller						Total
Primary Solution Categories
Bill Payments			$	—					$	193,840					$	193,840
Merchant Payments			37,659												$	37,659
Fraud Management			9,574						—						$	9,574
Real-Time Payments			25,738						—						$	25,738
Issuing and Acquiring			127,754						—						$	127,754
Total			$	200,725					$	193,840					$	394,565
			Three Months Ended March 31, 2024
			Payment Software						Biller						Total
Primary Solution Categories
Bill Payments			$	—					$	174,862					$	174,862
Merchant Payments			35,728						—						35,728
Fraud Management			11,507						—						11,507
Real-Time Payments			24,748						—						24,748
Issuing and Acquiring			69,174						—						69,174
Total			$	141,157					$	174,862					$	316,019

									Three Months Ended March 31,
															2025						2024
Payment Software
Software as a service and platform as a service															$	43,243					$	40,870
License															84,493						29,973
Maintenance															48,642						47,754
Services															24,347						22,560
Total															$	200,725					$	141,157
Biller
Software as a service and platform as a service															$	193,840					$	174,862
Total															$	193,840					$	174,862

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 March 31,
			2025						2024
Revenue
United States			$	236,754					$	228,107
Other			157,811						87,912
Total			$	394,565					$	316,019

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):

			March 31, 2025						December 31, 2024
Long-lived Assets
United States			$	1,145,477					$	1,169,965
Other			772,404						791,793
Total			$	1,917,881					$	1,961,758

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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