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Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customers Revenue from Contracts with Customers
Revenue is recognized as the obligation to the customer is satisfied. The following is detail of the Company’s revenue from contracts with clients.
Processing fees – The Company earns fees on a per-item or monthly basis for the invoice processing services rendered on behalf of customers. Per-item fees are recognized at the point in time when the performance obligation is satisfied. Monthly fees are earned over the course of a month, representing the period over which the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components.
Financial fees – The Company earns fees on a transaction level basis for invoice payment services when making customer payments. Fees are recognized at the point in time when the payment transactions are made, which is when the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components.
Bank service fees – Revenue from service fees consists of service charges and fees on deposit accounts under depository agreements with customers to provide access to deposited funds. Service charges on deposit accounts are transaction-based fees that are recognized at the point in time when the performance obligation is satisfied. Service charges are recognized on a monthly basis representing the period over which the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components.
For the Three Months Ended June 30,
For the Six Months Ended June 30,
(In thousands)2023202220232022
Fee revenue and other income
In-scope of FASB ASC 606
Processing fees $19,386 $19,184 $38,899 $38,220 
Financial fees11,662 10,623 22,921 21,155 
Information services payment and processing revenue 31,048 29,807 61,820 59,375 
Bank service fees 253 423 517 852 
Fee revenue (in-scope of FASB ASC 606) 31,301 30,230 62,337 60,227 
Other income (out-of-scope of FASB ASC 606) 772 421 1,843 854 
Total fee revenue and other income $32,073 $30,651 $64,180 $61,081