v3.24.2.u1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Selected Financial Data by Reportable Segment
The following is selected financial data for the Company’s reportable segments for the periods indicated (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Revenue
Banks$143,649 $117,507 $249,078 $205,547 
Merchants38,017 36,508 73,745 71,289 
Billers191,813 169,310 366,675 336,165 
Total revenue$373,479 $323,325 $689,498 $613,001 
Segment Adjusted EBITDA
Banks$79,212 $51,622 $120,850 $76,303 
Merchants15,375 9,911 26,026 16,455 
Billers37,435 31,229 68,172 60,870 
Depreciation and amortization(27,586)(31,436)(55,195)(62,975)
Stock-based compensation expense(10,720)(5,414)(18,819)(10,715)
Corporate and unallocated expenses(40,015)(45,392)(77,773)(93,770)
Interest, net(14,518)(16,451)(29,519)(31,838)
Other, net1,156 (4,092)(869)(7,487)
Income (loss) before income taxes$40,339 $(10,023)$32,873 $(53,157)
Schedule of Revenue by Primary Solution Category for Reportable Segments
The following is revenue by primary solution category for the Company’s reportable segments for the periods indicated (in thousands):
Three Months Ended June 30, 2024
BanksMerchantsBillersTotal
Primary Solution Categories
Bill Payments$— $— $191,813 $191,813 
Merchant Payments— 38,017 — 38,017 
Fraud Management9,187 — — 9,187 
Real-Time Payments26,429 — — 26,429 
Issuing and Acquiring108,033 — — 108,033 
Total$143,649 $38,017 $191,813 $373,479 
Three Months Ended June 30, 2023
BanksMerchantsBillersTotal
Primary Solution Categories
Bill Payments$— $— $169,310 $169,310 
Merchant Payments— 36,508 — 36,508 
Fraud Management12,153 — — 12,153 
Real-Time Payments26,499 — — 26,499 
Issuing and Acquiring78,855 — — 78,855 
Total$117,507 $36,508 $169,310 $323,325 
Six Months Ended June 30, 2024
BanksMerchantsBillersTotal
Primary Solution Categories
Bill Payments$— $— $366,675 $366,675 
Merchant Payments— 73,745 — 73,745 
Fraud Management20,694 — — 20,694 
Real-Time Payments51,177 — — 51,177 
Issuing and Acquiring177,207 — — 177,207 
Total$249,078 $73,745 $366,675 $689,498 
Six Months Ended June 30, 2023
BanksMerchantsBillersTotal
Primary Solution Categories
Bill Payments$— $— $336,165 $336,165 
Merchant Payments— 71,289 — 71,289 
Fraud Management21,508 — — 21,508 
Real-Time Payments45,897 — — 45,897 
Issuing and Acquiring138,142 — — 138,142 
Total$205,547 $71,289 $336,165 $613,001 
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Banks
Software as a service and platform as a service$11,709 $9,742 $22,227 $18,991 
License63,486 42,885 92,019 59,201 
Maintenance44,973 47,624 89,299 93,966 
Services23,481 17,256 45,533 33,389 
Total$143,649 $117,507 $249,078 $205,547 
Merchants
Software as a service and platform as a service$31,877 $30,648 $62,229 $59,498 
License2,096 1,786 3,536 3,801 
Maintenance3,760 3,743 7,188 7,480 
Services284 331 792 510 
Total$38,017 $36,508 $73,745 $71,289 
Billers
Software as a service and platform as a service$191,813 $169,286 $366,675 $336,117 
License— — — — 
Maintenance— 24 — 48 
Services— — — — 
Total$191,813 $169,310 $366,675 $336,165 
Schedule of Revenue by Geographic Location
The following is the Company's revenue by geographic location for the periods indicated (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Revenue
United States$229,543 $205,199 $457,650 $406,468 
Other143,936 118,126 231,848 206,533 
Total$373,479 $323,325 $689,498 $613,001 
Schedule of Long-lived Assets by Geographic Location
The following is the Company’s long-lived assets by geographic location for the periods indicated (in thousands):
June 30, 2024December 31, 2023
Long-lived Assets
United States$1,182,509 $1,216,158 
Other739,723 763,437 
Total$1,922,232 $1,979,595