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Segments
 3 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segments SEGMENTS
The Company determines its operating segments based on ASC 280, Segment Reporting, how the chief operating decision making group monitors and manages the performance of the business and the level at which financial information is reviewed. The Company’s operating segments are strategic business units that offer different products and services.
The Company's core business is delivering seamlessly integrated payment and software solutions to SMBs and organizations in strategic vertical markets. This is accomplished through the Merchant Services and Proprietary Software and Payments segments.
The Merchant Services segment provides comprehensive payment solutions to businesses and organizations. The Merchant Services segment includes third-party integrated payment solutions as well as merchant of record payment services across the Company's strategic vertical markets.
The Proprietary Software and Payments segment delivers solutions, including embedded payments, to the Company's clients through proprietary software. Payments are delivered through both the payment facilitator model and the traditional merchant processing model.
The Other category includes corporate overhead expenses when presenting reportable segment information.
The Company primarily uses processing margin to measure operating performance. Processing margin is equal to revenue less other cost of services plus residuals expense, which are a component of other cost of services. The following is a summary of reportable segment operating performance for the three months ended December 31, 2021 and 2020.
As of and for the Three Months Ended December 31, 2021
Merchant ServicesProprietary Software and PaymentsOtherTotal
Revenue$29,177 $44,774 $(12)$73,939 
Other costs of services(13,442)(3,080)12 (16,510)
Residuals8,181 343 (4)8,520 
Processing margin$23,916 $42,037 $(4)$65,949 
Residuals(8,520)
Selling general and administrative(46,387)
Depreciation and amortization(6,870)
Change in fair value of contingent consideration(4,927)
Loss from operations$(755)
Total assets$206,780 $507,399 $62,257 $776,436 
Goodwill$119,086 $230,511 $— $349,597 
As of and for the Three months ended December 31, 2020(1)
Merchant ServicesProprietary Software and PaymentsOtherTotal
Revenue$25,061 $19,993 $(433)$44,621 
Other costs of services(10,841)(3,257)432 (13,666)
Residuals5,944 257 (426)5,775 
Processing margin$20,164 $16,993 $(427)$36,730 
Residuals(5,775)
Selling general and administrative(24,962)
Depreciation and amortization(5,092)
Change in fair value of contingent consideration(1,904)
Loss from operations$(1,003)
Total assets$213,093 $224,925 $62,361 $500,379 
Goodwill$119,079 $103,826 $— $222,905 
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1.Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note 2 to the interim consolidated financial statements for a description of the recently adopted accounting pronouncement.

The Company has not disclosed expenditures on long-lived assets as such expenditures are not reviewed by or provided to the chief operating decision maker.