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Revenue from Contracts with Customers
 9 Months Ended
Sep. 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. The contracts have no significant impact of variable consideration and no significant financing components.
For the Three Months Ended September 30,
For the Nine Months Ended September 30,
(In thousands)2023202220232022
Fee revenue and other income
In-scope of FASB ASC 606
Processing fees $19,939 $18,964 $58,838 $57,184 
Financial fees11,597 11,252 34,518 32,406 
Information services payment and processing revenue 31,536 30,216 93,356 89,590 
Bank service fees 247 289 764 1,142 
Fee revenue (in-scope of FASB ASC 606) 31,783 30,505 94,120 90,732 
Other income (out-of-scope of FASB ASC 606) 1,017 1,279 2,860 2,133 
Total fee revenue and other income $32,800 $31,784 $96,980 $92,865