Segments

12 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segments

SEGMENTS

The Company determines its operating segments based on ASC 280, Segment Reporting, how the chief operating decision making group monitors and manages the performance of the business and the level at which financial information is reviewed. The Company’s operating segments are strategic business units that offer different products and services.

The Company's core business is delivering seamless integrated payment and software solutions to SMBs and organizations in strategic vertical markets. This is accomplished through the Merchant Services and Proprietary Software and Payments segments.

The Merchant Services segment provides comprehensive payment solutions to businesses and organizations. The Merchant Services segment includes third-party integrated payment solutions as well as merchant of record payment services across the Company's strategic vertical markets.

The Proprietary Software and Payments segment delivers solutions, including embedded payments, to the Company's clients through company-owned software. Payments are delivered through both the payment facilitator model and the traditional merchant processing model.

The Other category includes corporate overhead expenses, when presenting reportable segment information.

Effective July 1, 2020, the Company reassigned a component from the Proprietary Software and Payments segment to the Merchant Services segment to better align the Company's segments with its business operations.

The prior period comparatives reflected in the tables below have been retroactively adjusted to reflect the Company's current segment presentation.

The Company primarily uses processing margin to measure operating performance. The following is a summary of reportable segment operating performance for the years ended September 30, 2021, 2020 and 2019.

	As of and for the Year ended September 30, 2021
	Merchant Services		Proprietary Software and Payments		Other		Total
Revenue	$	111,870	$	114,433	$	(2,179)	$	224,124
Other costs of services	(51,234)		(8,610)		2,138		(57,706)
Residuals	29,842		1,147		(2,071)		28,918
Processing margin	$	90,478	$	106,970	$	(2,112)	$	195,336
Residuals							28,918
Selling general and administrative							134,872
Depreciation and amortization							24,418
Change in fair value of contingent consideration							7,140
Loss from operations							$	(12)
Total assets	$	208,560	$	382,014	$	61,226	$	651,800
Goodwill	$	119,086	$	173,157	$	—	$	292,243

	As of and for the Year ended September 30, 2020
	Merchant Services		Proprietary Software and Payments		Other		Total
Revenue	$	100,949	$	50,953	$	(1,768)	$	150,134
Other costs of services	(43,940)		(5,057)		1,767		(47,230)
Residuals	21,618		587		(1,757)		20,448
Processing margin	$	78,627	$	46,483	$	(1,758)	$	123,352
Residuals							20,448
Selling general and administrative							78,323
Depreciation and amortization							18,217
Change in fair value of contingent consideration							(1,409)
Income from operations							$	7,773
Total assets	$	206,769	$	139,107	$	57,650	$	403,526
Goodwill	$	115,982	$	71,023	$	—	$	187,005

	As of and for the Year ended September 30, 2019
	Merchant Services		Proprietary Software and Payments		Other		Total
Revenue	$	338,968	$	37,339	$	—	$	376,307
Interchange and network fees	(236,170)		(6,697)		—		(242,867)
Other costs of services	(41,487)		(2,750)		—		(44,237)
Residuals	17,058		605		—		17,663
Processing margin	$	78,369	$	28,497	$	—	$	106,866
Residuals							17,663
Selling general and administrative							62,860
Depreciation and amortization							16,564
Change in fair value of contingent consideration							3,389
Income from operations							$	6,390