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Revenue Recognition
 9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Recognition
(3) Revenue Recognition
Disaggregated Revenues
The following tables detail the revenues of the Company’s reportable segments disaggregated by financial statement line and component of revenue:
 Three Months Ended September 30, 2020
 (In thousands)
 North AmericaEurope & AfricaAustralia & New ZealandEliminationsConsolidated
Surcharge revenues$69,120 $27,188 $14,720 $— $111,028 
Interchange revenues30,903 39,151 832 — 70,886 
Bank-branding and surcharge-free network revenues56,272 397 — — 56,669 
Managed services and processing revenues25,035 1,557 3,599 (1,454)28,737 
Total ATM operating revenues181,330 68,293 19,151 (1,454)267,320 
ATM product sales and other revenues10,395 1,613 70 — 12,078 
Total revenues$191,725 $69,906 $19,221 $(1,454)$279,398 


 Three Months Ended September 30, 2019
 (In thousands)
 North AmericaEurope & AfricaAustralia & New ZealandEliminationsConsolidated
Surcharge revenues$90,148 $48,652 $19,603 $— $158,403 
Interchange revenues35,289 51,631 1,056 — 87,976 
Bank-branding and surcharge-free network revenues52,112 238 — — 52,350 
Managed services and processing revenues31,046 2,280 3,730 (2,401)34,655 
Total ATM operating revenues208,595 102,801 24,389 (2,401)333,384 
ATM product sales and other revenues16,113 1,907 103 — 18,123 
Total revenues$224,708 $104,708 $24,492 $(2,401)$351,507 
 Nine Months Ended September 30, 2020
 (In thousands)
 North AmericaEurope & AfricaAustralia & New ZealandEliminationsConsolidated
Surcharge revenues$212,359 $77,256 $39,008 $— $328,623 
Interchange revenues90,298 112,514 2,299 — 205,111 
Bank-branding and surcharge-free network revenues162,514 1,102 — — 163,616 
Managed services and processing revenues74,457 4,467 10,244 (4,520)84,648 
Total ATM operating revenues539,628 195,339 51,551 (4,520)781,998 
ATM product sales and other revenues32,133 4,859 202 — 37,194 
Total revenues$571,761 $200,198 $51,753 $(4,520)$819,192 

 Nine Months Ended September 30, 2019
 (In thousands)
 North AmericaEurope & AfricaAustralia & New ZealandEliminationsConsolidated
Surcharge revenues$263,492 $124,124 $60,047 $— $447,663 
Interchange revenues103,954 161,362 3,557 — 268,873 
Bank-branding and surcharge-free network revenues146,523 721 — — 147,244 
Managed services and processing revenues85,208 6,773 11,302 (7,996)95,287 
Total ATM operating revenues599,177 292,980 74,906 (7,996)959,067 
ATM product sales and other revenues44,994 6,123 414 — 51,531 
Total revenues$644,171 $299,103 $75,320 $(7,996)$1,010,598 

Revenue is recognized when obligations under the terms of a contract with a customer are satisfied. Revenue is recorded in the ATM operating revenues and ATM product sales and other revenues line items in the Consolidated Statements of Operations.
The Company presents revenues from automated consumer financial services, bank-branding and surcharge-free network offerings, managed services and other services in the ATM operating revenues line in the Consolidated Statements of Operations. ATM operating revenues are recognized as the associated transactions are processed or monthly on a per ATM or per cardholder basis. When customer contracts provide for up-front fees that do not pertain to a distinct performance obligation, the fees are recognized over the term of the underlying agreement on a straight-line basis. ATM product sales and other revenues are recognized when the related performance obligations are fulfilled upon transfer of control of goods or services to the customer.
The Company’s bank-branding, surcharge-free network and managed services arrangements result in the Company providing a series of distinct services that have similar patterns of transfer to the customer. As a result, these arrangements create performance obligations that are satisfied over-time (generally 3-5 years) for which the Company has a right to consideration that corresponds directly with the value of the Company’s performance completed to date. In conjunction with these arrangements, the Company recognizes revenue in the amount that it has a right to receive. Variable consideration may exist in these arrangements and is recognized only to the extent a significant reversal is not probable.
The Company presents revenues from other product sales and services in the ATM product sales and other revenues line in the Consolidated Statements of Operations. The Company earns revenues from the sale of ATMs and ATM-related equipment as well as the delivery of other non-transaction-based services. Revenues related to these activities are recognized when ownership of the equipment is transferred to the customer and the Company has completed all required installation and set-up procedures. With respect to the sale of ATMs to Value-Added-Resellers (“VARs”), the Company recognizes revenues related to such sales when ownership of the equipment is transferred to the VARs.
Due to the transactional nature of the Company’s revenue, there are no significant judgments that affect the determination of the amount and timing of its revenues. See the 2019 Form 10-K for further information on the components of the Company's revenues.
Contract Balances
As of September 30, 2020, the Company has recognized no significant contract assets. Contract liabilities totaled $8.7 million and $9.0 million at September 30, 2020 and December 31, 2019, respectively. These amounts represent deferred revenues for advance consideration received primarily in relation to bank-branding and surcharge-free network arrangements. The revenue recognized during the three and nine months ended September 30, 2020 and 2019 on previously deferred revenues was not significant. The Company expects to recognize the revenue associated with its contract liabilities ratably over various periods generally extending over the next 36 months.
Contract Acquisition Costs
The Company expects that the incremental commissions paid to sales personnel, together with other associated costs, are recoverable, and therefore, the Company capitalizes these amounts as deferred contract acquisition costs. Deferred contract acquisition costs totaled $6.5 million and $7.5 million at September 30, 2020 and December 31, 2019, respectively. Sales commissions capitalized are generally amortized over a 4-5 year period corresponding with the related agreements. Similarly, the costs incurred to fulfill a contract, primarily consisting of prepaid merchant commissions and other consideration paid or provided to merchant partners, are capitalized and recognized over the duration of the related contract. The Company does not capitalize the costs of obtaining a contract if the associated contract is one year or less.