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Revenue
 3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenue
3.
Revenue
In accordance with Topic 606, revenue is recognized when, or as, performance obligations are satisfied as defined by the terms of the contract, in an amount that reflects the consideration to which the Company expects to be entitled in exchange for goods or services provided.
The following tables disaggregate the Company’s consolidated revenue:
 
Three Months Ended March 31, 2020
(In thousands)
Fleet Solutions
 
Travel and Corporate Solutions
 
Health and Employee Benefit Solutions
 
Total
Topic 606 revenues
 
 
 
 
 
 
 
Payment processing revenue
$
113,323

 
$
70,268

 
$
20,446

 
$
204,037

Account servicing revenue
4,371

 
11,063

 
63,569

 
79,003

Other revenue
21,288

 
771

 
9,023

 
31,082

Total Topic 606 revenues
$
138,982

 
$
82,102

 
$
93,038

 
$
314,122

Non-Topic 606 revenues
$
110,865

 
$
2,257

 
$
4,435

 
$
117,557

Total revenues
$
249,847

 
$
84,359

 
$
97,473

 
$
431,679

 
Three Months Ended March 31, 2019
(In thousands)
Fleet Solutions
 
Travel and Corporate Solutions
 
Health and Employee Benefit Solutions
 
Total
Topic 606 revenues
 
 
 
 
 
 
 
Payment processing revenue
$
107,408

 
$
59,998

 
$
19,392

 
$
186,798

Account servicing revenue
6,800

 
10,585

 
37,262

 
54,647

Other revenue
16,986

 
1,105

 
6,776

 
24,867

Total Topic 606 revenues
$
131,194

 
$
71,688

 
$
63,430

 
$
266,312

Non-Topic 606 revenues
$
101,588

 
$
9,960

 
$
4,016

 
$
115,564

Total revenues
$
232,782

 
$
81,648

 
$
67,446

 
$
381,876


The vast majority of the above revenue relates to services transferred to the customer over time. Point-in-time revenue recognized was immaterial during the three months ended March 31, 2020 and 2019.
Contract Balances
The Company’s contract assets consist of upfront payments made to customers under long-term contracts and are recorded upon payment or when due. The resulting asset is amortized against revenue as the Company performs its obligations under these arrangements. The Company’s contract liabilities consist of customer payments received before the Company has satisfied the associated performance obligations and upfront payments due to the customer.
The following table provides information about these contract balances:
(In thousands)
 
 
 
 
 
 
Contract balance
 
Location on the unaudited condensed consolidated balance sheets
 
March 31, 2020
 
December 31, 2019
Receivables1
 
Accounts receivable, net
 
$
44,464

 
$
43,092

Contract assets
 
Prepaid expenses and other current assets
 
$
5,830

 
$
4,593

Contract assets
 
Other assets
 
$
22,457

 
$
20,496

Contract liabilities
 
Other current liabilities
 
$
2,536

 
$
5,171

1 The majority of the Company’s receivables, which are excluded from the table above, are either due from cardholders who have not been deemed the Company’s customer as it relates to interchange income or from revenues earned outside of the scope of Topic 606.
In the three months ended March 31, 2020, we recognized revenue of $3.9 million related to contract liabilities existing as of December 31, 2019.
Remaining Performance Obligations
The Company’s unsatisfied or partially unsatisfied performance obligations as of March 31, 2020 represent the remaining minimum monthly fees on a portion of contracts across the lines of business and contractually obligated professional services yet to be provided by the Company. The following table includes revenue expected to be recognized related to remaining performance obligations at the end of the reporting period and is not indicative of the Company’s future revenue, as it relates to an insignificant portion of the Company’s operations.
(In thousands)
Remaining 2020
 
2021
 
2022
 
2023
 
2024
 
2025
 
Total
Minimum monthly fees1
$
39,463

 
$
34,607

 
$
23,862

 
$
10,245

 
$
3,170

 
$
321

 
$
111,668

Professional services2
5,910

 
63

 
—

 
—

 
—

 
—

 
5,973

Total remaining performance obligations
$
45,373

 
$
34,670

 
$
23,862

 
$
10,245

 
$
3,170

 
$
321

 
$
117,641

1 The transaction price allocated to the remaining performance obligations represents the minimum monthly fees on certain service contracts, which contain substantive termination penalties that require the counterparty to pay the Company for the aggregate remaining minimum monthly fees upon an early termination for convenience.
2 Includes software development projects and other services sold subsequent to the core offerings, to which the customer is contractually obligated.