Revenues

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Disaggregation of Revenue

The Company disaggregates revenue from contracts with customers into primary geographical markets, nature of the products and services, and timing of transfer of goods and services. The Company's operating segments are determined by the nature of the products and services the Company provides and the primary geographical markets in which the Company operates. Revenue disaggregated by segment is discussed in Note 15, Segment Information.

In the following tables, revenue for each segment, excluding intersegment revenues, is disaggregated by timing of revenue recognition for the periods indicated.

	Three months ended September 30, 2020
(In thousands)	Payment Services - Puerto Rico & Caribbean		Payment Services - Latin America		Merchant Acquiring, net		Business Solutions		Total
Timing of revenue recognition
Products and services transferred at a point in time	$	43	$	357	$	—	$	4,824	$	5,224
Products and services transferred over time	23,652		18,791		30,646		58,194		131,283
	$	23,695	$	19,148	$	30,646	$	63,018	$	136,507

	Three months ended September 30, 2019
(In thousands)	Payment Services - Puerto Rico & Caribbean		Payment Services - Latin America		Merchant Acquiring, net		Business Solutions		Total
Timing of revenue recognition
Products and services transferred at a point in time	$	43	$	228	$	—	$	2,939	$	3,210
Products and services transferred over time	20,299		18,853		26,436		50,006		115,594
	$	20,342	$	19,081	$	26,436	$	52,945	$	118,804

	Nine months ended September 30, 2020
(In thousands)	Payment Services - Puerto Rico & Caribbean		Payment Services - Latin America		Merchant Acquiring, net		Business Solutions		Total
Timing of revenue recognition
Products and services transferred at a point in time	$	80	$	994	$	—	$	7,886	$	8,960
Products and services transferred over time	63,838		56,487		80,532		166,569		367,426
	$	63,918	$	57,481	$	80,532	$	174,455	$	376,386

	Nine months ended September 30, 2019
(In thousands)	Payment Services - Puerto Rico & Caribbean		Payment Services - Latin America		Merchant Acquiring, net		Business Solutions		Total
Timing of revenue recognition
Products and services transferred at a point in time	$	2,835	$	419	$	—	$	6,590	$	9,844
Products and services transferred over time	60,957		57,282		79,203		152,902		350,344
	$	63,792	$	57,701	$	79,203	$	159,492	$	360,188

Contract Balances

The following table provides information about contract assets from contracts with customers.

(In thousands)	September 30, 2020
December 31, 2019	$	1,191
Services transferred to customers	2,790
Transfers to accounts receivable	(1,740		)
September 30, 2020	$	2,241

The current portion of contract assets is recorded as part of prepaid expenses and other assets, and the long-term portion is included in other long-term assets in the unaudited condensed consolidated balance sheets.

Accounts receivable, net at September 30, 2020 amounted to $111.9 million. Unearned income and unearned income - long term, which refer to contract liabilities, at September 30, 2020 amounted to $19.8 million and $30.8 million, respectively, and may arise when consideration is received or due in advance from customers prior to performance. Unearned income is mainly related to upfront fees for implementation or set up activities, including fees charged in pre-production periods in connection

with hosting or managed services. During the three and nine months ended September 30, 2020, the Company recognized revenue of $3.9 million and $13.1 million, respectively, that was included in unearned income at December 31, 2019. During the three and nine months ended September 30, 2019, the Company recognized revenue of $1.8 million and $13.1 million, respectively, that was included in unearned income at December 31, 2018.

The estimated aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially satisfied at September 30, 2020 is $307.1 million. This amount primarily consists of professional service fees for implementation or set up activities related to managed services and maintenance services, typically recognized over the life of the contract, which varies from 2 to 5 years. It also includes professional service fees for customizations or development of on-premise licensing agreements, which are recognized over time based on inputs relative to the total expected inputs to satisfy a performance obligation.