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GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
 9 Months Ended
Sep. 30, 2024
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, 2024 is presented below:
(in millions)
 
Acquired
Intangible
Assets
 
Goodwill
 
Total
Intangible
Assets
Balance as of December 31, 2023
 
$
167.6
 
$
847.5
 
$
1,015.1
Increases (decreases):
 
 
 
 
 
 
Acquisition
 
51.0
 
49.9
 
100.9
Amortization
 
(17.1
 )
 
—
 
(17.1
 )
Foreign currency exchange rate changes
 
4.1
 
15.9
 
20.0
Balance as of September 30, 2024
 
$
205.6
 
$
913.3
 
$
1,118.9

 

Of the total goodwill balance of $913.3 million as of September 30, 2024, $396.1 million relates to the Money Transfer Segment, $390.5 million relates to the EFT Processing Segment and the remaining $126.7 million relates to the epay Segment. Estimated amortization expense on acquired intangible assets with finite lives as of September 30, 2024, is expected to total $5.0 million for the remainder of 2024, $17.8 million for 2025, $18.3 million for 2026, $17.0 million for 2027, $16.6 million for 2028 and $16.6 million for 2029.