v3.26.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Goodwill
The Company's goodwill relates to the following reportable segments:
(in thousands)September 30, 2026December 31, 2025
Merchant Solutions$167,091 $158,298 
Treasury Solutions250,890 251,103 
Payables 7,240 7,240 
Total$425,221 $416,641 
The following table summarizes the changes in the carrying value of goodwill:
(in thousands)Amount
Balance at December 31, 2025$416,641 
IntelliPay acquisition8,793 
Foreign currency translation adjustment(213)
Balance at September 30, 2026
$425,221 
Schedule of Other Intangible Assets
Intangible assets consisted of the following:
September 30, 2026Weighted-average
Useful Life
(in thousands, except weighted-average data)Gross Carrying ValueAccumulated AmortizationNet Carrying Value
Intangible assets:
ISO and referral partner relationships$230,283 $(75,412)$154,871 14.2
Residual buyouts181,529 (134,545)46,984 6.0
Customer relationships143,501 (102,792)40,709 8.5
Merchant portfolios83,350 (71,413)11,937 6.5
Technology65,683 (36,736)28,947 8.6
Trade names14,370 (7,783)6,587 8.0
Money transmission licenses(1)
2,100 — 2,100 
Total $720,816 $(428,681)$292,135 9.5
(1)These assets have an indefinite useful life.
December 31, 2025Weighted-average
Useful Life
(in thousands, except weighted-average data)Gross Carrying ValueAccumulated AmortizationNet Carrying Value
Intangible assets:
ISO and referral partner relationships$223,016 $(63,701)$159,315 13.8
Residual buyouts177,864 (119,861)58,003 6.0
Customer relationships139,463 (98,478)40,985 8.8
Merchant portfolios83,350 (68,787)14,563 6.5
Technology63,602 (32,684)30,918 8.5
Trade names13,329 (4,023)9,306 10.6
Money transmission licenses(1)
2,100 — 2,100 
Total $702,724 $(387,534)$315,190 9.4
(1)These assets have an indefinite useful life.
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2026202520262025
Amortization expense(1)
$13,408 $10,936 $42,998 $30,869 
(1)Included in amortization expense is $0.6 million and $1.8 million for the three and nine months ended September 30, 2026, respectively, and $0.6 million and $1.8 million for the three and nine months ended September 30, 2025 respectively, related to the amortization of certain contract acquisition costs.