Revenues

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Disaggregation of Revenue

The Company disaggregates revenue from contracts with customers into primary geographical markets, nature of the products and services, and timing of transfer of goods and services. The Company's operating segments are determined by the nature of the products and services the Company provides and the primary geographical markets in which the Company operates. Revenue disaggregated by segment is discussed in Note 15, Segment Information.

In the following tables, revenue for each segment is disaggregated by timing of revenue recognition for the periods indicated.

	Three months ended June 30, 2020
(In thousands)	Payment Services - Puerto Rico & Caribbean		Payment Services - Latin America		Merchant Acquiring, net		Business Solutions		Total
Timing of revenue recognition
Products and services transferred at a point in time	$	32	$	206	$	—	$	2,765	$	3,003
Products and services transferred over time	19,553		17,887		24,765		52,729		114,934
	$	19,585	$	18,093	$	24,765	$	55,494	$	117,937

	Three months ended June 30, 2019
(In thousands)	Payment Services - Puerto Rico & Caribbean		Payment Services - Latin America		Merchant Acquiring, net		Business Solutions		Total
Timing of revenue recognition
Products and services transferred at a point in time	$	115	$	121	$	—	$	2,774	$	3,010
Products and services transferred over time	20,585		19,751		26,793		52,409		119,538
	$	20,700	$	19,872	$	26,793	$	55,183	$	122,548

	Six months ended June 30, 2020
(In thousands)	Payment Services - Puerto Rico & Caribbean		Payment Services - Latin America		Merchant Acquiring, net		Business Solutions		Total
Timing of revenue recognition
Products and services transferred at a point in time	$	37	$	637	$	—	$	3,062	$	3,736
Products and services transferred over time	40,186		37,696		49,886		108,375		236,143
	$	40,223	$	38,333	$	49,886	$	111,437	$	239,879

	Six months ended June 30, 2019
(In thousands)	Payment Services - Puerto Rico & Caribbean		Payment Services - Latin America		Merchant Acquiring, net		Business Solutions		Total
Timing of revenue recognition
Products and services transferred at a point in time	$	2,792	$	191	$	—	$	3,651	$	6,634
Products and services transferred over time	40,658		38,429		52,767		102,896		234,750
	$	43,450	$	38,620	$	52,767	$	106,547	$	241,384

Contract Balances

The following table provides information about contract assets from contracts with customers.

(In thousands)	June 30, 2020
December 31, 2019	$	1,191
Services transferred to customers	1,849
Transfers to accounts receivable	(826		)
June 30, 2020	$	2,214

The current portion of contract assets is recorded as part of prepaid expenses and other assets, and the long-term portion is included in other long-term assets in the unaudited condensed consolidated balance sheets.

Accounts receivable, net at June 30, 2020 amounted to $91.7 million. Unearned income and unearned income - long term, which refer to contract liabilities, at June 30, 2020 amounted to $22.1 million and $28.7 million, respectively, and may arise when consideration is received or due in advance from customers prior to performance. Unearned income is mainly related to upfront fees for implementation or set up activities, including fees charged in pre-production periods in connection with hosting

or managed services. During the three and six months ended June 30, 2020, the Company recognized revenue of $4.0 million and $9.2 million, respectively, that was included in unearned income at December 31, 2019. During the three and six months ended June 30, 2019, the Company recognized revenue of $5.2 million and $11.3 million, respectively, that was included in unearned income at December 31, 2018.

The estimated aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially satisfied at June 30, 2020 is $322.5 million. This amount primarily consists of professional service fees for implementation or set up activities related to managed services and maintenance services, typically recognized over the life of the contract, which varies from 2 to 5 years. It also includes professional service fees for customizations or development of on-premise licensing agreements, which are recognized over time based on inputs relative to the total expected inputs to satisfy a performance obligation.