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WIRE TRANSFERS AND MONEY ORDERS PAYABLE, NET
3 Months Ended
Mar. 31, 2024
Payables and Accruals [Abstract]  
WIRE TRANSFERS AND MONEY ORDERS PAYABLE, NET WIRE TRANSFERS AND MONEY ORDERS PAYABLE, NET
Wire transfers and money orders payable, net consisted of the following (in thousands):

March 31, 2024December 31, 2023
Wire transfers payable, net$72,736 $63,212 
Customer voided wires payable30,668 29,951 
Money orders payable33,733 31,879 
$137,137 $125,042 

Customer voided wires payable consist primarily of wire transfers that were not completed because the recipient did not collect the funds within 30 days and the sender has not claimed the funds and, therefore, are considered unclaimed property. Unclaimed property laws of each state in the United States in which we operate, the District of Columbia, and Puerto Rico require us to track certain information for all of our money remittances and payment instruments and, if the funds underlying such remittances and instruments are unclaimed at the end of an applicable statutory abandonment period, require us to remit the proceeds of the unclaimed property to the appropriate jurisdiction. Applicable statutory abandonment periods range from three to seven years.