Quarterly report pursuant to Section 13 or 15(d)

Settlement Assets and Obligations (Tables)

v3.19.1
Settlement Assets and Obligations (Tables)
3 Months Ended
Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Settlement Assets
The Company's settlement assets and obligations at March 31, 2019 and December 31, 2018 were as follows:

(in thousands)
 
 
 
Settlement Assets:
March 31, 2019
 
December 31, 2018
Card settlements due from merchants, net of estimated losses
$
936

 
$
988

Card settlements due from processors
70

 
54

Total settlement assets
$
1,006

 
$
1,042

 
 
 
 
Settlement Obligations:
 
 
 
Card settlements due to merchants
$
767

 
$
777

Due to ACH payees (1)
12,614

 
10,355

Total Settlement Obligations
$
13,381

 
$
11,132


(1) Amounts due to ACH payees are held by the Company in restricted cash.
Settlement Obligations
The Company's settlement assets and obligations at March 31, 2019 and December 31, 2018 were as follows:

(in thousands)
 
 
 
Settlement Assets:
March 31, 2019
 
December 31, 2018
Card settlements due from merchants, net of estimated losses
$
936

 
$
988

Card settlements due from processors
70

 
54

Total settlement assets
$
1,006

 
$
1,042

 
 
 
 
Settlement Obligations:
 
 
 
Card settlements due to merchants
$
767

 
$
777

Due to ACH payees (1)
12,614

 
10,355

Total Settlement Obligations
$
13,381

 
$
11,132


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