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REVENUES
 3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
Revenues

BMTX recognizes operating revenue in accordance with FASB ASC 606, Revenue from Contracts with Customers.

The following table presents BMTX’s revenues disaggregated by nature of the revenue stream and the pattern or timing of revenue recognition for the three months ended March 31, 2022 and 2021. The Company has one reportable segment and all revenues are earned in the U.S.

Three Months Ended
March 31,
(amounts in thousands)20222021
Revenues:
Revenue recognized at point in time:
Interchange and card revenue$6,643 $8,244 
Servicing fees from Partner Bank14,192 9,372 
Account fees2,555 2,661 
University fees - disbursement activity476 271 
Other54 2,601 
   Total revenue recognized at point in time23,920 23,149 
Revenue recognized over time:
University fees - subscriptions1,127 1,053 
   Total revenue recognized over time1,127 1,053 
Total revenues$25,047 $24,202 

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 based upon the expected timing of revenue recognition.

The deferred revenue balances were as follows:
(amounts in thousands)March 31,
2022		December 31,
2021
Deferred revenue (current and non-current)$15,894 $15,577 

During the three months ended March 31, 2022, the Company recognized revenue of approximately $14.1 million included in deferred revenue at the beginning of the period. During the three months ended March 31, 2021, the Company recognized revenue of approximately $8.9 million included in deferred revenue at the beginning of the period.

Unbilled receivables
The Company had $1.6 million of unbilled receivables, or amounts recognized as revenue for which invoices have not yet been issued, as of March 31, 2022, and $2.1 million as of December 31, 2021. Unbilled receivables are reported in Accounts receivable, net on the Consolidated Balance Sheets.