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REVENUES
 12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
Revenues

As described in Note 2 - Basis of Presentation and Significant Accounting Policies, BMTX recognizes operating revenue in accordance with FASB ASC 606, Revenue from Contracts with Customers.

The following tables present BMTX’s revenues disaggregated by nature of the revenue stream and the pattern or timing of revenue recognition for the twelve months ended December 31, 2021 and 2020. The Company has one reportable segment and all revenues are earned in the U.S.
Twelve Months Ended
December 31,
20212020
(amounts in thousands)(As Restated)
Revenues:
Revenue recognized at point in time:
Interchange and card revenue$28,078 $25,864 
Servicing fees from Partner Bank45,105 22,465 
Account fees10,668 11,308 
University fees - disbursement activity1,401 1,240 
Other revenue5,443 1,480 
   Total revenue recognized at point in time90,695 62,357 
Revenue recognized over time:
University fees - subscriptions4,292 4,080 
   Total revenue recognized over time4,292 4,080 
Total revenues$94,987 $66,437 

Deferred Revenue

Deferred revenue consists of payments received from customers, most significantly from our Partner Bank, prior to the performance of services. Deferred revenue is recognized over the service period on a straight-line basis or when the contractual performance obligation has been satisfied. The Company classifies deferred revenue on the Consolidated Balance Sheets in Deferred revenue, current and Deferred revenue, non-current.

The deferred revenue balances were as follows:
December 31,
20212020
(amounts in thousands)(As Restated)
Deferred revenue, beginning of period$12,689 $1,938 
Deferred revenue, end of period$15,577 $12,689 

During the twelve months ended December 31, 2021, the Company recognized revenue of approximately $12.5 million included in deferred revenue at the beginning of the period. During the twelve months ended December 31, 2020, the Company recognized revenue of approximately $0.8 million included in deferred revenue at the beginning of the period.
Unbilled Receivables

The Company had $2.1 million of unbilled receivables, or amounts recognized as revenue for which invoices have not yet been issued, as of December 31, 2021, and zero as of December 31, 2020. Unbilled receivables are reported in Accounts receivable, net on the Consolidated Balance Sheets.