Description of Business and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2018

Description of Business and Summary of Significant Accounting Policies

Summary of settlement processing assets and liabilities

	September 30,		December 31,
	2018		2017
	(In thousands)
Settlement processing assets:
Receivable from card networks	$	394,583	$	342,803
Receivable from merchants		109,446		96,466
Totals	$	504,029	$	439,269
Settlement processing obligations:
Settlement liabilities	$	(453,799)	$	(372,642)
Merchant reserves		(105,503)		(111,876)
Totals	$	(559,302)	$	(484,518)

Summary of revenue

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
	(In thousands)				(In thousands)
Processing and other revenue	$	488,564	$	455,851	$	1,409,569	$	1,283,223
Interchange and card network fees		(282,823)		(264,095)		(820,328)		(746,778)
Subtotal		205,741		191,756		589,241		536,445
Commissions		(43,345)		(40,273)		(123,985)		(119,083)
Card network processing costs and other		(17,638)		(18,837)		(51,325)		(51,197)
Revenue	$	144,758	$	132,646	$	413,931	$	366,165