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PROPERTY, EQUIPMENT AND SOFTWARE
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY, EQUIPMENT AND SOFTWARE PROPERTY, EQUIPMENT, AND SOFTWAREThe Company's property, equipment, and software balance primarily consists of furniture, fixtures, and equipment used in the normal course of business, computer software developed for internal use, and leasehold improvements. Computer software
represents purchased software and internally developed back office and merchant interfacing systems used to assist the reporting of merchant processing transactions and other related information.
A summary of property, equipment, and software as of June 30, 2021 and December 31, 2020 follows:
(in thousands)June 30, 2021December 31, 2020
Furniture and fixtures$2,795 $2,795 
Equipment11,846 10,216 
Computer software48,143 44,320 
Leasehold improvements6,252 6,250 
 69,036 63,581 
Less accumulated depreciation(44,791)(40,706)
Property, equipment, and software, net$24,245 $22,875 
Depreciation expense for property, equipment, and software totaled $2.0 million and $4.1 million for the three months and six months ended June 30, 2021, respectively, and $1.9 million and $3.7 million for the three months and six months ended June 30, 2020, respectively.