Restricted Cash

12 Months Ended

Dec. 31, 2022

Restricted Cash [Abstract]

Restricted Cash

(7) Restricted Cash

The restricted cash balances as of December 31, 2022 and 2021 were as follows:  

	As of December 31,
(in thousands)	2022		2021
Cash held in trust and/or cash held on behalf of others	$	7,374	$	3,693
Restricted cash	$	7,374	$	3,693
Cash held in trust and/or cash held on behalf of others	$	80,563	$	62,077
Collateral on bank credit arrangements and other	13,452		12,820
Restricted cash included within settlement assets	$	94,015	$	74,897
Total Restricted Cash	$	101,389	$	78,590

Cash held in trust and/or cash held on behalf of others is in connection with the administration of the customer collection and vendor remittance activities by certain subsidiaries within the Company's epay and EFT Processing Segments. Amounts collected on behalf of certain mobile phone operators and/or merchants are deposited into a restricted cash account. The bank credit arrangements primarily represent cash collateral on deposit with commercial banks to cover guarantees.