Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Summary 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):

	Years Ended December 31,
	2022		2021		2020
Revenues
Banks	$	638,585	$	625,125	$	558,498
Merchants	153,905		152,988		149,342
Billers	629,411		592,485		586,482
Total revenue	$	1,421,901	$	1,370,598	$	1,294,322
Segment Adjusted EBITDA
Banks	$	371,017	$	372,949	$	331,445
Merchants	49,029		54,266		53,383
Billers	107,371		129,048		135,144
Depreciation and amortization	(127,328)		(133,393)		(140,316)
Stock-based compensation expense	(29,753)		(27,242)		(29,602)
Corporate and unallocated expenses	(166,501)		(185,731)		(205,310)
Interest, net	(40,646)		(33,538)		(45,002)
Other, net	43,446		(1,294)		(1,116)
Income before income taxes	$	206,635	$	175,065	$	98,626

Summary of Revenue by Primary Geographic Markets and Primary Solution Categories

The following is revenue by primary solution category for the Company’s reportable segments for the periods indicated (in thousands):

	Year Ended December 31, 2022
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	629,411	$	629,411
Digital Business Banking	35,504		—		—		35,504
Merchant Payments	—		153,905		—		153,905
Fraud Management	47,421		—		—		47,421
Real-Time Payments	104,777		—		—		104,777
Issuing and Acquiring	450,883		—		—		450,883
Total	$	638,585	$	153,905	$	629,411	$	1,421,901
	Year Ended December 31, 2021
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	592,485	$	592,485
Digital Business Banking	60,398		—		—		60,398
Merchant Payments	—		152,988		—		152,988
Fraud Management	43,704		—		—		43,704
Real-Time Payments	77,922		—		—		77,922
Issuing and Acquiring	443,101		—		—		443,101
Total	$	625,125	$	152,988	$	592,485	$	1,370,598
	Year Ended December 31, 2020
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	586,482	$	586,482
Digital Business Banking	75,475		—		—		75,475
Merchant Payments	—		149,342		—		149,342
Fraud Management	32,942		—		—		32,942
Real-Time Payments	80,654		—		—		80,654
Issuing and Acquiring	369,427		—		—		369,427
Total	$	558,498	$	149,342	$	586,482	$	1,294,322

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

	Year Ended December 31,
	2022		2021		2020
Banks
Software as a service and platform as a service	$	48,932	$	57,339	$	69,254
License	336,028		310,758		232,143
Maintenance	184,017		193,332		194,400
Services	69,608		63,696		62,701
Total	$	638,585	$	625,125	$	558,498
Merchants
Software as a service and platform as a service	$	124,631	$	124,933	$	113,854
License	12,106		9,015		14,659
Maintenance	15,934		16,846		16,981
Services	1,234		2,194		3,848
Total	$	153,905	$	152,988	$	149,342
Billers
Software as a service and platform as a service	$	629,317	$	592,070	$	586,072
License	—		94		94
Maintenance	94		321		316
Services	—		—		—
Total	$	629,411	$	592,485	$	586,482

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

	Year Ended December 31,
	2022		2021		2020
Revenue
United States	$	851,712	$	869,081	$	830,511
Other	570,189		501,517		463,811
Total	$	1,421,901	$	1,370,598	$	1,294,322

Summary 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):

	December 31,
	2022		2021
Long-lived Assets
United States	$	1,286,505	$	1,425,391
Other	754,847		745,138
Total	$	2,041,352	$	2,170,529