Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Revenue
Banks	$	131,744	$	125,658	$	341,712	$	356,865
Merchants	38,989		40,761		115,083		109,870
Billers	146,181		149,464		446,974		440,543
Total revenue	$	316,914	$	315,883	$	903,769	$	907,278
Segment Adjusted EBITDA
Banks	$	67,602	$	71,666	$	159,262	$	182,487
Merchants	14,221		18,954		41,987		38,210
Billers	31,969		33,875		100,593		98,414
Depreciation and amortization	(33,380)		(35,490)		(100,366)		(105,004)
Stock-based compensation expense	(6,367)		(8,061)		(20,790)		(22,943)
Corporate and unallocated expenses	(46,066)		(49,762)		(133,593)		(142,127)
Interest, net	(8,374)		(9,998)		(25,390)		(35,457)
Other, net	(1,088)		1,356		(1,036)		(6,361)
Income before income taxes	$	18,517	$	22,540	$	20,667	$	7,219

The following is revenue by the Company's reportable segments for the periods indicated (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Banks
Software as a service and platform as a service	$	14,794	$	13,881	$	43,555	$	41,036
License	51,062		48,997		102,993		123,735
Maintenance	48,829		48,331		146,091		145,973
Services	17,059		14,449		49,073		46,121
Total	$	131,744	$	125,658	$	341,712	$	356,865
Merchants
Software as a service and platform as a service	$	30,561	$	27,099	$	93,336	$	82,648
License	3,392		7,776		7,296		11,209
Maintenance	4,610		4,643		12,705		12,864
Services	426		1,243		1,746		3,149
Total	$	38,989	$	40,761	$	115,083	$	109,870
Billers
Software as a service and platform as a service	$	146,101	$	149,389	$	446,639	$	440,208
License	—		—		94		94
Maintenance	80		75		241		241
Services	—		—		—		—
Total	$	146,181	$	149,464	$	446,974	$	440,543

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 September 30, 2021
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	146,181	$	146,181
Digital Business Banking	16,527		—		—		16,527
Merchant Payments	—		38,989		—		38,989
Fraud Management	6,882		—		—		6,882
Real-Time Payments	27,638		—		—		27,638
Issuing and Acquiring	80,697		—		—		80,697
Total	$	131,744	$	38,989	$	146,181	$	316,914
	Three Months Ended September 30, 2020
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	149,464	$	149,464
Digital Business Banking	14,443		—		—		14,443
Merchant Payments	—		40,761		—		40,761
Fraud Management	11,513		—		—		11,513
Real-Time Payments	12,998		—		—		12,998
Issuing and Acquiring	86,704		—		—		86,704
Total	$	125,658	$	40,761	$	149,464	$	315,883
	Nine Months Ended September 30, 2021
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	446,974	$	446,974
Digital Business Banking	47,319		—		—		47,319
Merchant Payments	—		115,083		—		115,083
Fraud Management	23,563		—		—		23,563
Real-Time Payments	58,534		—		—		58,534
Issuing and Acquiring	212,296		—		—		212,296
Total	$	341,712	$	115,083	$	446,974	$	903,769
	Nine Months Ended September 30, 2020
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	440,543	$	440,543
Digital Business Banking	45,327		—		—		45,327
Merchant Payments	—		109,870		—		109,870
Fraud Management	25,183		—		—		25,183
Real-Time Payments	57,160		—		—		57,160
Issuing and Acquiring	229,195		—		—		229,195
Total	$	356,865	$	109,870	$	440,543	$	907,278

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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Revenue
United States	$	199,195	$	199,209	$	587,002	$	611,383
Other	117,719		116,674		316,767		295,895
Total	$	316,914	$	315,883	$	903,769	$	907,278

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):

	September 30, 2021		December 31, 2020
Long-lived Assets
United States	$	1,383,348	$	1,423,862
Other	724,832		750,651
Total	$	2,108,180	$	2,174,513