Revenue Recognition

12 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue Recognition

The following table is a summary of the Company's revenue streams disaggregated by services and products for each segment and timing of revenue recognition for such services and products excluding other revenue for the years ended December 31:

(Amounts in millions)	2020		2019		2018
Global Funds Transfer revenue
Money transfer fee revenue	$	1,083.4	$	1,102.1	$	1,255.4
Bill payment services fee revenue	46.2		59.4		74.5
Other revenue	21.3		21.8		17.8
Total Global Funds Transfer fee and other revenue	$	1,150.9	$	1,183.3	$	1,347.7
Financial Paper Products revenue
Money order fee revenue	7.3		8.7		11.2
Official check outsourcing services fee revenue	7.4		8.7		9.1
Other revenue	31.6		29.7		30.1
Total Financial Paper Products fee and other revenue	46.3		47.1		50.4
Investment revenue	20.0		54.7		49.5
Total revenue	$	1,217.2	$	1,285.1	$	1,447.6
Timing of revenue recognition:
Services and products transferred at a point in time	$	1,137.0	$	1,170.2	$	1,341.1
Products transferred over time	7.4		8.7		9.1
Total revenue from services and products	1,144.4		1,178.9		1,350.2
Investment revenue	20.0		54.7		49.5
Other revenue	52.8		51.5		47.9
Total revenue	$	1,217.2	$	1,285.1	$	1,447.6

See Note 2 — Summary of Significant Accounting Policies the Company's accounting policies on revenue recognition. Due to the short-term nature of the Company's services and products, the amount of contract assets and liabilities on the Consolidated Balance Sheets as of December 31, 2020 and 2019, is negligible. Assets for unsettled money transfers, money orders and consumer payments are included within "Settlement assets" with a corresponding liability recorded within "Payment service obligations" on the Consolidated Balance Sheets. For more information on these assets and liabilities see Note 2 — Summary of Significant Accounting Policies.