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GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
 9 Months Ended
Sep. 30, 2023
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET  
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
(6) GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET

 

A summary of acquired intangible assets and goodwill activity for the nine months ended September 30, 2023 is presented below:
(in millions)
 
Acquired
Intangible
Assets
 
Goodwill
 
Total
Intangible
Assets
Balance as of December 31, 2022
 
$
188.3
 
$
828.3
 
$
1,016.6
Increases (decreases):
 
 
 
 
 
 
Acquisition
 
—
 
—
 
—
Amortization
 
(18.9
 )
 
—
 
(18.9
 )
Foreign currency exchange rate changes
 
(2.0
 )
 
(10.5
 )
 
(12.5
 )
Balance as of September 30, 2023
 
$
167.4
 
$
817.8
 
$
985.2

 

Of the total goodwill balance of $817.8 million as of September 30, 2023, $378.2 million relates to the Money Transfer Segment, $317.9 million relates to the EFT Processing Segment and the remaining $121.7 million relates to the epay Segment. Estimated amortization expense on acquired intangible assets with finite lives as of September 30, 2023, is expected to total $5.3 million for the remainder of 2023, $17.5 million for 2024, $14.2 million for 2025, $13.9 million for 2026, $12.6 million for 2027 and $12.2 million for 2028.