Revenue

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue

3. Revenue

Disaggregation of revenue

The Company’s revenue is from two types of relationships: (i) direct relationships and (ii) indirect relationships. The following table presents the Company’s revenue disaggregated by segment and by the type of relationship for the periods indicated.

	Three Months Ended June 30, 2024
($ in thousands)	Consumer Payments		Business Payments		Elimination of intersegment revenues			Total
Revenue
Direct relationships	$	66,775	$	10,374	$	(4,978	)	$	72,171
Indirect relationships		2,517		218		—			2,735
Total Revenue	$	69,292	$	10,592	$	(4,978	)	$	74,906

	Three Months Ended June 30, 2023
($ in thousands)	Consumer Payments		Business Payments		Elimination of intersegment revenues			Total
Revenue
Direct relationships	$	62,899	$	9,530	$	(3,970	)	$	68,459
Indirect relationships		3,025		299		—			3,324
Total Revenue	$	65,924	$	9,829	$	(3,970	)	$	71,783

	Six Months Ended June 30, 2024
($ in thousands)	Consumer Payments		Business Payments		Elimination of intersegment revenues			Total
Revenue
Direct relationships	$	140,086	$	19,845	$	(10,071	)	$	149,860
Indirect relationships		5,342		424		—			5,766
Total Revenue	$	145,428	$	20,269	$	(10,071	)	$	155,626

	Six Months Ended June 30, 2023
($ in thousands)	Consumer Payments		Business Payments		Elimination of intersegment revenues			Total
Revenue
Direct relationships	$	129,373	$	17,964	$	(8,048	)	$	139,289
Indirect relationships		6,492		539		—			7,031
Total Revenue	$	135,865	$	18,503	$	(8,048	)	$	146,320

When the Company’s right to consideration for performance is contingent upon a future event or satisfaction of additional performance obligations, the amount of revenues the Company has recognized in excess of the amount the Company has billed to the client is recognized as a contract asset. The contract asset balance was $1.5 million and $1.4 million as of June 30, 2024 and December 31, 2023, respectively, and is included within Prepaid expenses and other in the Consolidated Balance Sheets.