Quarterly report pursuant to Section 13 or 15(d)

SETTLEMENT ASSETS AND OBLIGATIONS - (Tables)

v3.21.1
SETTLEMENT ASSETS AND OBLIGATIONS - (Tables)
3 Months Ended
Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Settlement Assets
The Company's settlement assets and obligations at March 31, 2021 and December 31, 2020 were as follows:

(in thousands) March 31, 2021 December 31, 2020
Settlement Assets:
Card settlements due from merchants, net of estimated losses $ 1,065  $ 753 
Card settlements due from ISOs 155  — 
Total settlement assets $ 1,220  $ 753 
Settlement Obligations:
Due to ACH payees (1) 50,820  72,878 
Total settlement obligations $ 50,820  $ 72,878 

(1) Amounts due to ACH payees are held by the Company in restricted cash.
Schedule of Settlement Obligations
The Company's settlement assets and obligations at March 31, 2021 and December 31, 2020 were as follows:

(in thousands) March 31, 2021 December 31, 2020
Settlement Assets:
Card settlements due from merchants, net of estimated losses $ 1,065  $ 753 
Card settlements due from ISOs 155  — 
Total settlement assets $ 1,220  $ 753 
Settlement Obligations:
Due to ACH payees (1) 50,820  72,878 
Total settlement obligations $ 50,820  $ 72,878 

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