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v3.25.0.1

Restricted Cash | 12 Months Ended
--- | ---
Dec. 31, 2024
Restricted Cash |
Restricted Cash | (7) Restricted Cash The restricted cash balances as of December 31, 2024 and 2023 were as follows:
|  | As of December 31,
(in millions) |  | 2024 |  | 2023
Collateral on bank credit arrangements and other |  | $ | 9.2 |  |  | $ | 15.2 |
Restricted cash |  | $ | 9.2 |  |  | $ | 15.2 |
Cash held in trust and/or cash held on behalf of others |  | $ | 99.8 |  |  | $ | 84.8 |
Collateral on bank credit arrangements and other |  | 89.4 |  |  | 40.2 |
Restricted cash included within settlement assets |  | $ | 189.2 |  |  | $ | 125.0 |
Total Restricted Cash |  | $ | 198.4 |  |  | $ | 140.2 |
Cash held in trust and/or cash held on behalf of others is in connection with the administration of the customer collection and vendor remittance activities by certain subsidiaries within the Company's epay and EFT Processing Segments. Amounts collected on behalf of certain mobile phone operators and/or merchants are deposited into a restricted cash account. The bank credit arrangements primarily represent cash collateral on deposit with commercial banks to cover guarantees.

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