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Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2022
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)2022202120222021
Fee revenue and other income
In-scope of FASB ASC 606
Processing fees $19,326 $19,048 $38,362 $37,423 
Financial fees10,623 7,500 21,155 14,497 
Information services payment and processing revenue 29,949 26,548 59,517 51,920 
Bank service fees 424 330 853 668 
Fee revenue (in-scope of FASB ASC 606) 30,373 26,878 60,370 52,588 
Other income (out-of-scope of FASB ASC 606) 278 109 711 574 
Total fee revenue and other income $30,651 $26,987 $61,081 $53,162