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Revenues
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of Revenues
Our products and services are offered only to customers within the United States. We determine our operating segments based on how our chief operating decision maker manages our operations, makes operating decisions and evaluates operating performance. Within our segments, we believe that the nature, amount, timing and uncertainty of our revenue and cash flows and how they are affected by economic factors can be further illustrated based on the timing in which revenue for each of our products and services is recognized.
The following table disaggregates our revenues by the timing in which the revenue is recognized:
Three Months Ended June 30, 2020Three Months Ended June 30, 2019
Account ServicesProcessing and Settlement ServicesAccount ServicesProcessing and Settlement Services
Timing of revenue recognition(In thousands)
Transferred at a point in time$132,059  $65,450  $123,152  $67,071  
Transferred over time115,290  1,302  77,564  2,233  
Operating revenues (1)
$247,349  $66,752  $200,716  $69,304  
Six Months Ended June 30, 2020Six Months Ended June 30, 2019
Account ServicesProcessing and Settlement ServicesAccount ServicesProcessing and Settlement Services
Timing of revenue recognition(In thousands)
Transferred at a point in time$256,179  $188,516  $264,074  $174,647  
Transferred over time222,479  2,253  157,331  3,665  
Operating revenues (1)
$478,658  $190,769  $421,405  $178,312  
Note 3—Revenues (continued)
(1)
Excludes net interest income, a component of total operating revenues, as it is outside the scope of ASC 606, Revenues
Within our Account Services segment, revenues recognized at a point in time are comprised principally of ATM fees, interchange, and other similar transaction-based fees. Revenues recognized over time consist of new card fees, monthly maintenance fees, revenue earned from gift cards and substantially all BaaS partner program management fees. Substantially all of our processing and settlement services are recognized at a point in time.
Refer to Note 19 — Segment Information for our revenues disaggregated by our products and services and the components to our total operating revenues on our Consolidated Statements of Operations for additional information.
Contract Balances
As disclosed on our Consolidated Balance Sheets, we record deferred revenue for any upfront payments received in advance of our performance obligations being satisfied. These contract liabilities consist principally of unearned new card fees and monthly maintenance fees. We recognized approximately $8.9 million and $10.2 million in revenue for the three months ended June 30, 2020 and 2019, respectively, and $25.9 million and $31.4 million for the six months ended June 30, 2020 and 2019, respectively, that were included in deferred revenue at the beginning of the periods and did not recognize any revenue during these periods from performance obligations satisfied in previous periods. Changes in the deferred revenue balance are driven primarily by the amount of new card fees recognized during the period, and the degree to which these reductions to the deferred revenue balance are offset by the deferral of new card fees associated with cards sold during the period.