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Settlement Assets and Customer/Subscriber Account Balances and Related Obligations (Tables)
 3 Months Ended
Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Settlement Assets
The Company's consolidated settlement assets and customer/subscriber account balances and settlement and customer/subscriber account obligations were as follows:
(in thousands)March 31, 2024December 31, 2023
Settlement Assets, net of estimated losses(1):
Card settlements due from merchants$881 $2,705 
Card settlements due from networks6,338 8,185 
Other settlement assets737 889 
Customer/subscriber account balances
Cash and cash equivalents744,634 744,696 
Total settlement assets and customer/subscriber account balances$752,590 $756,475 
Settlement and Customer/Subscriber Account Obligations:
Customer account obligations$703,212 $710,775 
Subscriber account obligations41,422 33,921 
Total customer/subscriber account obligations744,634 744,696 
Due to customers' payees(2)
9,216 11,058 
Total settlement and customer/subscriber account obligations$753,850 $755,754 
(1)Allowance for estimated losses was $9.2 million and $6.6 million as of March 31, 2024 and December 31, 2023, respectively
(2)Card settlements due from networks includes $6.3 million and $8.2 million as of March 31, 2024 and December 31, 2023, respectively, related assets and remainder are included in restricted cash on our Unaudited Consolidated Balance Sheets.
Settlement Obligations
The Company's consolidated settlement assets and customer/subscriber account balances and settlement and customer/subscriber account obligations were as follows:
(in thousands)March 31, 2024December 31, 2023
Settlement Assets, net of estimated losses(1):
Card settlements due from merchants$881 $2,705 
Card settlements due from networks6,338 8,185 
Other settlement assets737 889 
Customer/subscriber account balances
Cash and cash equivalents744,634 744,696 
Total settlement assets and customer/subscriber account balances$752,590 $756,475 
Settlement and Customer/Subscriber Account Obligations:
Customer account obligations$703,212 $710,775 
Subscriber account obligations41,422 33,921 
Total customer/subscriber account obligations744,634 744,696 
Due to customers' payees(2)
9,216 11,058 
Total settlement and customer/subscriber account obligations$753,850 $755,754 
(1)Allowance for estimated losses was $9.2 million and $6.6 million as of March 31, 2024 and December 31, 2023, respectively
(2)Card settlements due from networks includes $6.3 million and $8.2 million as of March 31, 2024 and December 31, 2023, respectively, related assets and remainder are included in restricted cash on our Unaudited Consolidated Balance Sheets.