XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Revenues | 3 Months Ended
--- | ---
Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Revenues | Revenues Disaggregation of Revenues The following table presents a disaggregation of our consolidated revenues by type:
|  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  | 2024 |  | 2023
Revenue Type: |  |  |  |  |  |  |
Merchant card fees |  |  |  |  | $ | 157,947 |  |  | $ | 149,644 |
Money transmission services |  |  |  |  | 29,144 |  |  | 21,406 |
Outsourced services and other services |  |  |  |  | 15,665 |  |  | 11,005 |
Equipment |  |  |  |  | 2,963 |  |  | 2,973 |
Total revenues(1),(2) |  |  |  |  | $ | 205,719 |  |  | $ | 185,028 |
(1)Includes contracts with an original duration of one year or less and variable consideration under a stand-ready series of distinct days of service. The aggregate fixed consideration portion of customer contracts with an initial contract duration greater than one year is not material. (2)Approximately $11.9 million and $5.0 million of interest income for the three months ended March 31, 2024 and 2023, respectively, is included in outsourced services and other services revenue in the table above. Approximately $0.6 million and $0.2 million of interest income for the three months ended March 31, 2024, and 2023, respectively, is included in other income, net on the Company's Unaudited Consolidated Statements of Operations and Comprehensive Loss and not reflected in the table above. The following table presents a disaggregation of our consolidated revenues by segment:
| Three months ended March 31, 2024
(in thousands) | Merchant Card Fees |  | Money Transmission Services |  | Outsourced and Other Services |  | Equipment |  | Total
Segment |  |  |  |  |  |  |  |  |
SMB Payments | $ | 139,488 |  |  | $ | — |  |  | $ | 1,300 |  |  | $ | 2,963 |  |  | $ | 143,751 |
B2B Payments | 18,289 |  |  | — |  |  | 2,826 |  |  | — |  |  | 21,115 |
Enterprise Payments | 170 |  |  | 29,144 |  |  | 11,539 |  |  | — |  |  | 40,853 |
Total revenues | $ | 157,947 |  |  | $ | 29,144 |  |  | $ | 15,665 |  |  | $ | 2,963 |  |  | $ | 205,719 |
| Three Months Ended March 31, 2023
(in thousands) | Merchant Card Fees |  | Money Transmission Services |  | Outsourced and Other Services |  | Equipment |  | Total
Segment |  |  |  |  |  |  |  |  |
SMB Payments | $ | 148,688 |  |  | $ | — |  |  | $ | 3,272 |  |  | $ | 2,973 |  |  | $ | 154,933 |
B2B Payments | 927 |  |  | — |  |  | 1,859 |  |  | — |  |  | 2,786 |
Enterprise Payments | 29 |  |  | 21,406 |  |  | 5,874 |  |  | — |  |  | 27,309 |
Total revenues | $ | 149,644 |  |  | $ | 21,406 |  |  | $ | 11,005 |  |  | $ | 2,973 |  |  | $ | 185,028 |
Deferred revenues were not material for the three months ended March 31, 2024 and 2023. Contract Assets and Contract Liabilities Material contract assets and liabilities are presented net at the individual contract level in the Unaudited Consolidated Balance Sheets and are classified as current or noncurrent based on the nature of the underlying contractual rights and obligations. Contract liabilities were $0.6 million and $0.6 million as of March 31, 2024 and December 31, 2023, respectively. Substantially all of these balances are recognized as revenue within 12 months. Net contract assets were not material for any period presented. Impairment losses recognized on receivables or contract assets arising from the Company's contracts with customers were not material for the three months ended March 31, 2024 and 2023.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration