Annual report pursuant to Section 13 and 15(d)

SETTLEMENT ASSETS AND OBLIGATIONS - (Tables)

v3.21.1
SETTLEMENT ASSETS AND OBLIGATIONS - (Tables)
12 Months Ended
Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Settlement Assets
The Company's settlement assets and obligations at December 31, 2020 and 2019 were as follows:
(in thousands) December 31, 2020 December 31, 2019
Settlement Assets:
Card settlements due from merchants, net of estimated losses $ 753  $ 446 
Card settlements due from processors —  87 
Total Settlement Assets $ 753  $ 533 
Settlement Obligations:
Card settlements due to merchants $ —  $ 44 
Due to ACH payees (1) 72,878  37,745 
Total Settlement Obligations $ 72,878  $ 37,789 

(1) Amounts due to ACH payees are held by the Company in restricted cash.
Settlement Obligations
The Company's settlement assets and obligations at December 31, 2020 and 2019 were as follows:
(in thousands) December 31, 2020 December 31, 2019
Settlement Assets:
Card settlements due from merchants, net of estimated losses $ 753  $ 446 
Card settlements due from processors —  87 
Total Settlement Assets $ 753  $ 533 
Settlement Obligations:
Card settlements due to merchants $ —  $ 44 
Due to ACH payees (1) 72,878  37,745 
Total Settlement Obligations $ 72,878  $ 37,789 

(1) Amounts due to ACH payees are held by the Company in restricted cash.