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Credit Risk and Other Concentrations
12 Months Ended
Sep. 30, 2019
Risks and Uncertainties [Abstract]  
Credit Risk and Other Concentrations CREDIT RISK AND OTHER CONCENTRATIONS
The Company places its cash with high credit quality financial institutions which provide Federal Deposit Insurance Corporation insurance. The Company performs periodic evaluations of the relative credit standing of these institutions and does not expect any losses related to such concentrations.
The Company’s revenues are earned by processing transactions for merchant businesses and other institutions under contract with the Company. The Company utilizes the funds settlement services of primarily six processing banks, from which most accounts receivable are remitted monthly.
No single merchant accounted for more than 1.0% of the Company's revenue during the years ended September 30, 2019, 2018 and 2017. The Company believes that the loss of any single merchant would not have a material adverse effect on the Company's financial condition or results of operations.
The Company uses third party payment processors, three of which facilitate more than 10% of our processing revenues for the years ended September 30, 2019, 2018, and 2017.