Euronet Worldwide (EEFT) 10-Q 3 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 02, 2023
Document Information [Line Items]
Entity Registrant Name	EURONET WORLDWIDE, INC.
Entity File Number	001-31648
Entity Small Business	false
City Area Code	(913)
Local Phone Number	327-4200
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Entity Central Index Key	0001029199
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		46,121,435
Entity Tax Identification Number	74-2806888
Entity Address, City or Town	Leawood,
Entity Address, Address Line One	11400 Tomahawk Creek Parkway,
Entity Address, Address Line Two	Suite 300
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	66211
Entity Emerging Growth Company	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	EEFT
Security Exchange Name	NASDAQ
1.375 Senior Notes due 2026
Document Information [Line Items]
Title of 12(b) Security	1.375% Senior Notes due 2026
Trading Symbol	EEFT26
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS (un

CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 1,074.4	$ 1,131.2
ATM cash	603.5	515.6
Restricted cash	14.1	7.4
Settlement assets	1,242.3	1,442.7
Trade accounts receivable, net of credit losses of $3.7 and $4.0	300.6	270.8
Prepaid expenses and other current assets	301.5	359
Total current assets	3,536.4	3,726.7
Operating right of use lease assets	140	149.7
Property and equipment, net of accumulated depreciation of $620.1 and $576.4	327.9	336.6
Goodwill	817.8	828.3
Acquired intangible assets, net of accumulated amortization of $202.4 and $199.2	167.4	188.3
Other assets, net of accumulated amortization of $73.5 and $68.0	173.4	174
Total assets	5,162.9	5,403.6
Current liabilities:
Settlement obligations	1,242.3	1,442.7
Trade accounts payable	207	222.4
Accrued expenses and other current liabilities	469.1	505.8
Current portion of operating lease liabilities	49.1	50.2
Short-term debt obligations and current maturities of long-term debt obligations	450.1	0.1
Income taxes payable	96.5	67.5
Deferred revenue	54.7	65.4
Total current liabilities	2,568.8	2,354.1
Debt obligations, net of current portion	1,263	1,609.1
Operating lease obligations, net of current portion	95.1	102.6
Deferred income taxes	28.5	28.4
Other long-term liabilities	65.3	65
Total liabilities	4,020.7	4,159.2
Euronet Worldwide, Inc. stockholders’ equity:
Preferred Stock, $0.02 par value. 10,000,000 shares authorized; none issued
Common Stock, $0.02 par value 90,000,000 shares authorized; shares issued 64,205,802 and 64,091,387	1.3	1.3
Additional paid-in-capital	1,293.6	1,251.8
Treasury stock, at cost, shares issued 18,044,759 and 14,269,645	(1,429.7)	(1,105.8)
Retained earnings	1,558.7	1,348.3
Accumulated other comprehensive loss	(281.1)	(251)
Total Euronet Worldwide, Inc. stockholders’ equity	1,142.8	1,244.6
Noncontrolling interests	(0.6)	(0.2)
Total equity	1,142.2	1,244.4
Total liabilities and equity	$ 5,162.9	$ 5,403.6

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (unaudited) (Parentheticals) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 3.7	$ 4
Accumulated depreciation of property and equipment	620.1	576.4
Accumulated amortization of intangible assets	202.4	199.2
Accumulated amortization of other assets	$ 73.5	$ 68
Preferred stock, par value per share	$ 0.02	$ 0.02
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value per share	$ 0.02	$ 0.02
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	64,205,802	64,091,387
Treasury stock, shares	18,044,759	14,269,645

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenues	$ 1,004	$ 931.3	$ 2,730.3	$ 2,493.1
Operating expenses:
Direct operating costs, exclusive of depreciation	576.7	526	1,626.4	1,484.9
Salaries and benefits	153.6	134.4	444.9	392.5
Selling, general and administrative	73.9	69.6	224.4	207.6
Depreciation and amortization	32.8	32.8	99.4	101.8
Total operating expenses	837	762.8	2,395.1	2,186.8
Operating income	167	168.5	335.2	306.3
Other income (expense):
Interest income	4	0.6	10.1	0.9
Interest expense	(15)	(11.7)	(39.1)	(26.6)
Foreign currency exchange loss, net	(8.8)	(15.8)	(3.6)	(36)
Other (losses) gains, net			(0.1)	0.2
Other expense, net	(19.8)	(26.9)	(32.7)	(61.5)
Income before income taxes	147.2	141.6	302.5	244.8
Income tax expense	(43)	(44)	(92.5)	(81.9)
Net income	104.2	97.6	210	162.9
Net loss attributable to noncontrolling interests		0.2	0.4	0.4
Net income attributable to Euronet Worldwide, Inc.	$ 104.2	$ 97.8	$ 210.4	$ 163.3
Earnings per share attributable to Euronet Worldwide, Inc. stockholders:
Basic	$ 2.15	$ 1.97	$ 4.27	$ 3.24
Diluted	$ 2.05	$ 1.87	$ 4.07	$ 3.1
Weighted average shares outstanding:
Basic	48,406,473	49,583,317	49,285,143	50,345,293
Diluted	51,470,603	52,751,304	52,446,292	53,688,800

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net income	$ 104.2	$ 97.6	$ 210	$ 162.9
Translation adjustment	(61)	(100.5)	(30.1)	(209.9)
Comprehensive income (loss)	43.2	(2.9)	179.9	(47)
Comprehensive income attributable to noncontrolling interests	(0.1)	(0.3)	(0.4)	(0.6)
Comprehensive income (loss) attributable to Euronet Worldwide, Inc.	$ 43.1	$ (3.2)	$ 179.5	$ (47.6)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Balance at Dec. 31, 2021	$ 1,255.5	$ 1.3	$ 1,274.1	$ (931.2)	$ 1,083.9	$ (172.6)
Balance, shares at Dec. 31, 2021		51,147,884
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	8.3				8.3
Other comprehensive income (loss)	(21.1)					(21.1)
Stock issued under employee stock plans	2.2	$ 0	2	0.2
Stock issued under employee stock plans, shares		40,173
Share-based compensation	9.8		9.8
Repurchase of shares	(70.4)			(70.4)
Repurchase of shares, shares		(639,535)
Adoption of ASU 2020-06	(40.7)		(74.1)		33.4
Balance at Mar. 31, 2022	1,143.6	$ 1.3	1,211.8	(1,001.4)	1,125.6	(193.7)
Balance, shares at Mar. 31, 2022		50,548,522
Balance at Dec. 31, 2021	1,255.5	$ 1.3	1,274.1	(931.2)	1,083.9	(172.6)
Balance, shares at Dec. 31, 2021		51,147,884
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	162.9
Balance at Sep. 30, 2022	1,027.3	$ 1.3	1,234.1	(1,105.9)	1,280.7	(382.3)	(0.6)
Balance, shares at Sep. 30, 2022		49,593,153
Balance at Mar. 31, 2022	1,143.6	$ 1.3	1,211.8	(1,001.4)	1,125.6	(193.7)
Balance, shares at Mar. 31, 2022		50,548,522
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	57.1				57.3		(0.2)
Other comprehensive income (loss)	(88.3)					(88.2)	(0.1)
Stock issued under employee stock plans	1.2	$ 0	1.3	(0.1)
Stock issued under employee stock plans, shares		31,233
Share-based compensation	10.2		10.2
Repurchase of shares	(104.6)			(104.6)
Repurchase of shares, shares		(1,000,000)
Balance at Jun. 30, 2022	1,019.2	$ 1.3	1,223.3	(1,106.1)	1,182.9	(281.9)	(0.3)
Balance, shares at Jun. 30, 2022		49,579,755
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	97.6				97.8		(0.2)
Other comprehensive income (loss)	(100.5)					(100.4)	(0.1)
Stock issued under employee stock plans	0.7		0.5	0.2
Stock issued under employee stock plans, shares		13,398
Share-based compensation	10.3		10.3
Repurchase of shares
Balance at Sep. 30, 2022	1,027.3	$ 1.3	1,234.1	(1,105.9)	1,280.7	(382.3)	(0.6)
Balance, shares at Sep. 30, 2022		49,593,153
Balance at Dec. 31, 2022	1,244.4	$ 1.3	1,251.8	(1,105.8)	1,348.3	(251)	(0.2)
Balance, shares at Dec. 31, 2022		49,822,707
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	19.8				20.1		(0.3)
Other comprehensive income (loss)	20.9					20.8	0.1
Stock issued under employee stock plans	1		0.5	0.5
Stock issued under employee stock plans, shares		79,859
Share-based compensation	14.3		14.3
Repurchase of shares	(28.3)			(28.3)
Repurchase of shares, shares		(276,400)
Balance at Mar. 31, 2023	1,272.1	$ 1.3	1,266.6	(1,133.6)	1,368.4	(230.2)	(0.4)
Balance, shares at Mar. 31, 2023		49,626,166
Balance at Dec. 31, 2022	1,244.4	$ 1.3	1,251.8	(1,105.8)	1,348.3	(251)	(0.2)
Balance, shares at Dec. 31, 2022		49,822,707
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	210
Balance at Sep. 30, 2023	1,142.2	$ 1.3	1,293.6	(1,429.7)	1,558.7	(281.1)	(0.6)
Balance, shares at Sep. 30, 2023		46,161,043
Balance at Mar. 31, 2023	1,272.1	$ 1.3	1,266.6	(1,133.6)	1,368.4	(230.2)	(0.4)
Balance, shares at Mar. 31, 2023		49,626,166
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	86				86.1		(0.1)
Other comprehensive income (loss)	10					10
Stock issued under employee stock plans	1.3		1.3
Stock issued under employee stock plans, shares		30,188
Share-based compensation	12.4		12.4
Repurchase of shares	(0.1)			(0.1)
Repurchase of shares, shares		(810)
Balance at Jun. 30, 2023	1,381.7	$ 1.3	1,280.3	(1,133.7)	1,454.5	(220.2)	(0.5)
Balance, shares at Jun. 30, 2023		49,655,544
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	104.2				104.2
Other comprehensive income (loss)	(61)					(60.9)	(0.1)
Stock issued under employee stock plans	0.7		0.6	0.1
Stock issued under employee stock plans, shares		12,548
Share-based compensation	12.7		12.7
Repurchase of shares	(296.1)			(296.1)
Repurchase of shares, shares		(3,507,049)
Balance at Sep. 30, 2023	$ 1,142.2	$ 1.3	$ 1,293.6	$ (1,429.7)	$ 1,558.7	$ (281.1)	$ (0.6)
Balance, shares at Sep. 30, 2023		46,161,043

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Statement of Cash Flows [Abstract]
Net income	$ 210	$ 162.9
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	99.4	101.8
Share-based compensation	39.5	30.3
Unrealized foreign exchange loss, net	3.6	36
Deferred income taxes	(5.9)	12.2
Amortization of debt issuance costs	3	2.4
Changes in working capital, net of amounts acquired:
Income taxes payable, net	29.7	9.2
Trade accounts receivable, including amounts in settlement assets	157.1	6.1
Prepaid expenses and other current assets, including amounts in settlement assets	73.8	(205.4)
Trade accounts payable, including amounts in settlement obligations	(200)	(107.1)
Deferred revenue	(10.7)	(11)
Accrued expenses and other current liabilities, including amounts in settlement obligations	110.3	400.9
Changes in noncurrent assets and liabilities	(2.4)	10.4
Net cash provided by operating activities	507.4	448.7
Cash flows from investing activities:
Acquisitions, net of cash acquired	0.2	(331.4)
Purchases and proceeds of property and equipment	(69.1)	(79.4)
Purchases of other long-term assets	(6.3)	(5.8)
Other, net	0.6	0.5
Net cash used in investing activities	(74.6)	(416.1)
Cash flows from financing activities:
Proceeds from issuance of shares	3.1	4.4
Repurchase of shares	(325.4)	(175.3)
Borrowings from credit agreements	6,294.1	5,924.1
Repayments of credit agreements	(6,177.9)	(5,581.2)
Net borrowings (repayments) from short-term debt obligations		4.6
Other, net	(2.2)	(3.1)
Net cash provided by financing activities	(208.3)	173.5
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(172)	(413.7)
Increase/(decrease) in cash and cash equivalents and restricted cash	52.5	(207.6)
Cash and cash equivalents and restricted cash at beginning of period	1,990.8	2,086.1
Cash and cash equivalents and restricted cash at end of period	2,043.3	1,878.5
Supplemental disclosure of cash flow information:
Interest paid during the period	39.2	21.7
Income taxes paid during the period	$ 62	$ 65.7

GENERAL

GENERAL	9 Months Ended
	Sep. 30, 2023
GENERAL
GENERAL	( 1 Organization Euronet Worldwide, Inc. (the "Company" or "Euronet") was established as a Delaware corporation on December 13, 1996 and succeeded Euronet Holding N.V. as the group holding company, which was founded and established in 1994 Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared from the records of the Company, in conformity with accounting principles generally accepted in the U.S. (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, such unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) necessary to fairly present the consolidated financial position and the results of operations, comprehensive income, changes in equity and cash flows for the interim periods. The unaudited consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements for the year ended December 31, 2022 Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include computing income taxes, estimating the useful lives and potential impairment of long-lived assets and goodwill, as well as allocating the purchase price to assets acquired and liabilities assumed in acquisitions and revenue recognition. Actual results could differ from those estimates. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year ending December 31, 2023. Seasonality Euronet’s EFT Processing Segment normally experiences its heaviest demand for dynamic currency conversion ("DCC") services during the third quarter of the fiscal year, normally coinciding with the tourism season. The epay Segment is normally impacted by seasonality during the fourth quarter and first quarter of each year due to higher transaction levels during the holiday season and lower levels following the holiday season. Also, epay sells large loyalty rewards campaigns to retailers, which could be deployed in any given quarter and will impact the activity in that quarter accordingly. Seasonality in the Money Transfer Segment varies by region of the world. In most markets, Euronet usually experiences increased demand for money transfer services from the month of May through the fourth quarter of each year, coinciding with the increase in worker migration patterns and various holidays, and its lowest transaction levels during the first quarter of the year.

RECENTLY ISSUED AND ADOPTED ACC

RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2023
RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS
RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS	( 2 In August 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-06, "Accounting for Convertible Instruments and Contracts in an Entity's Own Equity" 815 2049

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2023
ACQUISITIONS
ACQUISITIONS	( 3 In accordance with ASC 805 On March 15, 2022, the Company as well as Piraeus Bank’s online merchant acquiring business and expands Euronet’s omnichannel payments strategy where the Company uses its proprietary technology to provide cash, card-based acquiring solutions, alternative payment acquiring, online acquiring, tokenized payment services and other payment products. Additionally, the acquisition includes a long-term commercial framework agreement between Piraeus Bank and Euronet which includes collaborative product distribution, processing and customer referrals. The purchase price was €317.8 million, or approximately $350.6 million, which includes $331.0 million cash paid at closing, $4.4 million cash paid for surplus working capital and $15.2 million of estimated contingent consideration for a ten ten The acquisition has been accounted for as a business combination in accordance with U.S. GAAP and the results of operations have been included from the date of acquisition in the EFT Processing Segment. The following table presents the final fair value that was allocated to PBMA's Euronet Merchant Services' (EMS) assets and liabilities based upon fair values as determined by the Company. The valuation process to determine the fair values is complete. For the year ended December 31, 2022, the Company made measurement period adjustments to reflect facts and circumstances in existence as of the effective time of the acquisition. These adjustments primarily included an adjustment to the accrued expenses and other current liabilities related to the surplus working capital of $4.4 million and some other immaterial adjustments. (in millions) As of March 15, 2022 Other current assets $ 1.8 Settlement assets 77.6 Property and equipment 5.7 Intangible assets 122.5 Total assets acquired $ 207.6 Trade accounts payable $ (2.1 ) Settlement liabilities (65.9 ) Accrued expenses and other current liabilities (1.3 ) Deferred revenue (0.3 ) Other long-term liabilities (0.1 ) Total liabilities assumed $ 69.7 Goodwill 212.7 Net assets acquired $ 350.6 The fair value measurements of intangible assets were based on significant inputs not observable in the market and represent Level 3 3 The Company acquired a customer relationship intangible asset with a fair value of $112.2 million that is being amortized on a straight-line basis over 15 years and a contract related intangible asset of $10.3 million that is being amortized on a straight-line basis over 10 years. Goodwill, with a value of $212.7 million, arising from the acquisition was included in the EFT Processing Segment. The factors that make up goodwill include synergies from combining PBMA operations and intangible assets that do not qualify for separate recognition. Goodwill and intangible assets associated with this acquisition are deductible for tax purposes. The results of PBMA operations are included in the Company's consolidated results of operation, as part of the EFT Processing business segment, beginning on March 16, 2022. For the period beginning on the acquisition date through September 30, 2022, PBMA had $63.8 million in revenue. PBMA had $42.3 million and $98.5 million in revenue for the three and nine months ended September 30, 2023 The PBMA business is impacted by higher transaction volumes during the tourism season in the second and third quarters.

SETTLEMENT ASSETS AND OBLIGATIO

SETTLEMENT ASSETS AND OBLIGATIONS	9 Months Ended
	Sep. 30, 2023
SETTLEMENT ASSETS AND OBLIGATIONS
SETTLEMENT ASSETS AND OBLIGATIONS	(4) SETTLEMENT ASSETS AND OBLIGATIONS Settlement assets represent funds received or to be received from agents for unsettled money transfers and from merchants for unsettled prepaid transactions. The Company records corresponding settlement obligations relating to accounts payable. Settlement assets consist of cash and cash equivalents, restricted cash, accounts receivable and prepaid expenses and other current assets. The settlement cash held at the Company is primarily generated from the monies remitted by consumers through Company agents and financial institutions in payment of the face value of the payment service or foreign currency purchased and the related fees charged to purchase the currency. The Company uses its cash and cash equivalents to pay the face value of the payment service product upon presentation by the recipient. Cash received by Company agents and merchants generally becomes available to us within two Settlement obligations consist of accrued expenses for money transfers, content providers, and EFT customer deposits and accounts payable to agents and content providers. Money transfer accrued expenses represent amounts to be paid to transferees when they request funds. Most agents typically settle with transferees first then obtain reimbursement from us. M oney order As of (in millions) September 30, 2023 December 31, 2022 Settlement assets: Settlement cash and cash equivalents $ 274.9 $ 242.6 Settlement restricted cash 76.4 94.0 Accounts receivable, net of credit losses of $39.4 and $33.0 690.9 887.6 Prepaid expenses and other current assets 200.1 218.5 Total settlement assets $ 1,242.3 $ 1,442.7 Settlement obligations: Trade account payables $ 465.0 $ 655.1 Accrued expenses and other current liabilities 777.3 787.6 Total settlement obligations $ 1,242.3 $ 1,442.7 The table below reconciles cash and cash equivalents, restricted cash, ATM cash, settlement cash and cash equivalents, and settlement restricted cash as presented within "Cash and cash equivalents and restricted cash" in the Consolidated Statement of C ash Flows. As of (in millions) September 30, 2023 December 31, 2022 September 30, 2022 December 31, 2021 Cash and cash equivalents $ 1,074.4 $ 1,131.2 $ 967.1 $ 1,260.5 Restricted cash 14.1 7.4 8.4 3.7 ATM cash 603.5 515.6 646.1 543.4 Settlement cash and cash equivalents 274.9 242.6 210.8 203.6 Settlement restricted cash 76.4 94.0 46.1 74.9 Cash and cash equivalents and restricted cash at end of period $ 2,043.3 $ 1,990.8 $ 1,878.5 $ 2,086.1

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2023
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	(5) STOCKHOLDERS' EQUITY Earnings (Loss) Per Share Basic earnings (loss) per share has been computed by dividing The following table provides the computation of diluted earnings and diluted weighted average number of common shares outstanding: (in millions) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Computation Net income $ 104.2 $ 97.8 $ 210.4 $ 163.3 Add: Interest expense from assumed conversion of convertible notes, net of tax 1.1 1.1 3.1 3.3 Net income for diluted earnings per share calculation $ 105.3 $ 98.9 $ 213.5 $ 166.6 Computation of diluted weighted average shares outstanding: Basic weighted average shares outstanding 48,406,473 49,583,317 49,285,143 50,345,293 Incremental shares from assumed exercise of stock options and vesting of restricted stock units 282,312 386,169 379,331 561,689 Incremental shares from assumed conversion of convertible debt 2,781,818 2,781,818 2,781,818 2,781,818 Diluted 51,470,603 52,751,304 52,446,292 53,688,800 The table includes all stock options and restricted stock units that are dilutive to the Company's weighted average common shares outstanding during the period. The calculation of diluted earnings per share excludes stock options or shares of restricted stock units that are anti-dilutive to the Company's weighted average common shares outstanding of approximately 3.6 million and 2.7 million for the three and nine months ended September 30, 2023 three and nine September 30, 2022 . Euronet issued Convertible Senior Notes ("Convertible Notes") due March 2049 on March 18, 2019. The Convertible Notes currently have a settlement feature requiring us upon conversion to settle the principal amount of the debt and any conversion value in excess of the principal value ("conversion premium"), for cash or shares of Euronet's common stock or a combination thereof, at the Company's option. The Company has stated its intent to settle any conversion of these notes by paying cash for the principal value and issuing common stock for any conversion premium; however, after adopting ASU 2020 06 $188.73 See Note 9 Share repurchases On December 8, 2021, the Company put a repurchase program in place to repurchase up to $300 million in value, but not more than 5.0 million shares of common stock through December 8, 2023. On September 13, 2022, the Company put a repurchase program in place to repurchase up to $350 million in value, but not more than 7.0 million shares of common stock through September 13, 2024. On September 13, 2023, the Company put a repurchase program in place to repurchase up to $350 million in value, but not more than 7.0 million shares of common stock through September 13, 2025. U nder the repurchase programs, w 296.1 million of stock, or the three and nine September 30, 2023 and we repurchased $175.0 nine September 30, 2022. We did not repurchase any stock during the three months ended September 30, 2022. Repurchases under the current program may take place in the open market or in privately negotiated transactions, including derivative transactions, and may be made under a Rule 10 5 1 Accumulated Other Comprehensive Loss Accumulated other comprehensive loss consists entirely of foreign currency translation adjustments. The Company recorded foreign currency translation adjustments of ( $61.0) million and ($30.1 ) million for the three and nine months ended September 30, 2023 and ( $ 100.5) ($ 209.9) million three and nine September 30, 2022 There were no three and nine months ended September 30, 2023 and 2022 .

GOODWILL AND ACQUIRED INTANGIBL

GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET	9 Months Ended
	Sep. 30, 2023
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET	( 6 A summary of acquired intangible assets and goodwill activity for the nine months ended September 30, 2023 is presented below: (in millions) Acquired Intangible Assets Goodwill Total Intangible Assets Balance as of December 31, 2022 $ 188.3 $ 828.3 $ 1,016.6 Increases (decreases): Acquisition — — — Amortization (18.9 ) — (18.9 ) Foreign currency exchange rate changes (2.0 ) (10.5 ) (12.5 ) Balance as of September 30, 2023 $ 167.4 $ 817.8 $ 985.2 Of the total goodwill balance of $817.8 million as of September 30, 2023 , $378.2 million relates to the Money Transfer Segment, $317.9 million relates to the EFT Processing Segment and the remaining $121.7 million relates to the epay Segment . Estimated amortization expense on acquired intangible assets with finite lives as of September 30, 2023 million for the remainder of 2023 million for 2024 million for 2025 million for 2026 million for 2027 million for 2028

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	9 Months Ended
	Sep. 30, 2023
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	( 7 Accrued expenses and other current liabilities consist of the following: As of (in millions) September 30, 2023 December 31, 2022 Accrued expenses $ 294.0 $ 311.9 Derivative liabilities 39.2 42.3 Other tax payables 69.2 80.6 Accrued payroll expenses 64.9 68.0 Current portion of capital lease obligations 1.8 3.0 Total $ 469.1 $ 505.8

DEFERRED REVENUES

DEFERRED REVENUES	9 Months Ended
	Sep. 30, 2023
DEFERRED REVENUES
DEFERRED REVENUES	(8) DEFERRED REVENUES The Company records deferred revenues when cash payments are received or due in advance of the Company's performance. The decrease in the deferred revenue balance for the nine September 30, 2023

DEBT OBLIGATIONS

DEBT OBLIGATIONS	9 Months Ended
	Sep. 30, 2023
DEBT OBLIGATIONS
DEBT OBLIGATIONS	(9) DEBT OBLIGATIONS Debt obligations consist of the following: As of (in millions) September 30, 2023 December 31, 2022 Credit Facility: Revolving credit agreement $ 113.5 $ 454.8 Notes: 0.75% Convertible Notes, unsecured, due 2049 525.0 525.0 1.375% Senior Notes, due 2026 634.2 642.1 Uncommitted credit agre eme 450.0 — Other obligations 0.2 0.2 Total debt obligations 1,722.9 1,622.1 Unamortized debt issuance costs (9.8 ) (12.9 ) Carrying value of debt 1,713.1 1,609.2 Short-term debt obligations and current maturities of long-term debt obligations (450.1 ) (0.1 ) Long-term debt obligations $ 1,263.0 $ 1,609.1 Credit Facility On October 24, 2022, the Company amended its revolving credit agreement (the “Credit Facility”) to increase the facility from $1.03 billion to $1.25 billion and to extend the expiration to October 24, 2027. The revolving credit facility contains a sublimit of up to $250 million, with $150 million committed, for the issuance of letters of credit and a $75 million sublimit for U.S. dollar swingline loans and a $75 million sublimit for swingline loans in euros or British pounds sterling. The Credit Facility allows for borrowings in British pounds sterling, euro and U.S. dollars. Subject to certain conditions, the Company has the option to increase the credit facility by up to an additional $500 million by requesting additional commitments from existing or new lenders. Fees and interest on borrowings vary based upon the Company's corporate credit rating and will be based, in the case of letter of credit fees, on a margin, and in the case of interest, on a margin over a secured overnight financing rate, as defined in the agreement, with a margin, including the facility fee, ranging from 1.00% to 1.625% or the base rate, as selected by the Company. The applicable margin for borrowings under the credit facility, based on the Company's current credit rating is 1.25% including the facility fee. The Agreement contains customary affirmative and negative covenants, events of default and financial covenants, including (all as defined in the Credit Facility): (i) a Consolidated Total Leverage Ratio, depending on certain circumstances defined in the Credit Facility, not to exceed a range between 3.5 to 1.0 and 4.5 to 1.0; and (ii) a Consolidated Interest Coverage Ratio of not less than 3.0 to 1.0. Subject to meeting certain customary covenants (as defined in the Credit Facility), the Company is permitted to repurchase common stock and debt. The Company was in compliance with all debt covenants as of September 30, 2023. Convertible Notes On March 18, 2019, the Company completed the sale of $525.0 million of Convertible Senior Notes ("Convertible Notes"). The Convertible Notes mature in March 2049 unless redeemed or converted prior to such date, and are convertible into shares of Euronet common stock at a conversion price of approximately $188.73 per share if certain conditions are met (relating to the closing price of Euronet common stock exceeding certain thresholds for specified periods). Holders of the Convertible Notes have the option to require the Company to purchase their notes on each of March 15, 2025, March 15, 2029, March 15, 2034, March 15, 2039 and March 15, 2044 at a repurchase price equal to % of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the relevant repurchase date. In connection with the issuance of the Convertible Notes, the Company recorded 12.8 The Company may redeem for cash all or any portion of the Convertible Notes, at its option, (i) if the closing sale price of the Company's Common Stock has been at least 130 % of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption and (ii) on or after March 20, 2025 and prior to the maturity date, regardless of the foregoing sale price condition, in each case at a redemption price equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the Convertible Notes. In addition, if a fundamental change, as defined in the Indenture, occurs prior to the maturity date, holders may require the Company to repurchase for cash all or part of their Convertible Notes at a repurchase price equal to 100% of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date. As of September 30, 2023, the conversion threshold was not met. Contractual interest expense for the Convertible Notes for the three September 30, 2023 , respectively. Contractual interest expense for the Convertible Notes was $4.0 million and $9.0 million for the three and nine months ended September 30, 2022, respectively. 1.375% Senior Notes due 2026 On May 22, 2019, the Company completed the sale of €600 million ( $669.9 million ) aggregate principal amount of Senior Notes that are due in May 2026 (the “Senior Notes”). The Senior Notes accrue interest at a rate of 1.375% per year, payable annually in arrears commencing May 22, 2020, until maturity or earlier redemption. As of September 30, 2023 , the Company has €600 million ($ 634.2 million ) principal amount of the Senior Notes. In addition, the Company may redeem some or all of these notes on or after February 22, 2026 at their principal amount plus any accrued and unpaid interest. Uncommitted On June 27, 2023, the Company entered into an Uncommitted Credit Agreement for $300 million, fully drawn and outstanding at September 30, 2023, for the sole purpose of providing vault cash for ATMs, that expires no later than November 30, 2023. The loan bears interest at the rate per annum equal to the secured overnight financing rate (“SOFR”) plus 1.125 The weighted-average interest rate from the loan inception date to September 30, 2023 was 6.33 %. On June 26, 2023, the Company entered into an Uncommitted Loan Agreement for $ 150 million, fully drawn and outstanding at September 30, 2023, June 21, 2024. The loan is a Prime rate loan, a Bloomberg Short-term Bank Yield ("BSBY") rate loan plus 0.95 % 6.24 Other obligations Certain of the Company's subsidiaries have available lines of credit and overdraft credit facilities that generally provide for short-term borrowings that are used from time to time for working capital purposes. As of September 30, 2023 and December 31, 2022 , borrowings under these arrangements were $0.2 million each . Debt Issuance Costs As of September 30, 2023 costs of $3.4 million for the Credit Facility, $3.2 million for the Convertible Notes and $3.2 million for the Senior Notes that will be amortized through October 2027, March 2025 and May 2026, respectively.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
	Sep. 30, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	(10) DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The Company is exposed to foreign currency exchange risk resulting from (i) the collection of funds or the settlement of money transfer transactions in currencies other than the U.S. Dollar, (ii) derivative contracts written to its customers in connection with providing cross-currency money transfer services and (iii) certain foreign currency denominated other asset and liability positions. The Company enters into foreign currency derivative contracts, primarily foreign currency forwards and cross-currency swaps, to minimize its exposure related to fluctuations in foreign currency exchange rates. As a matter of Company policy, the derivative instruments used in these activities are economic hedges and are not designated as hedges under ASC 815 , primarily due to either the relatively short duration of the contract term or the effects of fluctuations in currency exchange rates are reflected concurrently in earnings for both the derivative instrument and the transaction and have an offsetting effect. Foreign currency exchange contracts - Ria Operations and Corporate In the United States, the Company uses short-duration foreign currency forward contracts, generally with maturities up to , to offset the fluctuation in foreign currency exchange rates on the collection of money transfer funds between initiation of a transaction and its settlement. Due to the short duration of these contracts and the Company’s credit profile, the Company is generally not required to post collateral with respect to these foreign currency forward contracts. Most derivative contracts executed with counterparties in the U.S. are governed by an International Swaps and Derivatives Association agreement that includes standard netting arrangements; therefore, asset and liability positions from forward contracts and all other foreign exchange transactions with the same counterparty are net settled upon maturity. T he Company had foreign currency forward contracts outstanding in the U.S. with a notional value of $426.0 million and $ 398.6 million September 30, 2023 December 31, 2022 . The foreign currency forward contracts consist primarily in Australian dollars, Canadian dollars, British pounds sterling, euros and Mexican pesos. In addition, the Company uses forward contracts, typically with maturities from a few days to less than one foreign exchange rate fluctuations on certain short-term borrowings that are payable in currencies other than the U.S dollar. T he Company had foreign currency forward contracts outstanding with a notional value of $325.5 million and $228.4 million September 30, 2023 December 31, 2022 , primarily in euro. Foreign currency exchange contracts - xe Operations xe writes derivative instruments, primarily foreign currency forward contracts and cross-currency swaps, mostly with comprised of individuals and small-to-medium size businesses and derives a currency margin from this activity as part of its operations. xe aggregates its foreign currency exposures arising from customer contracts and hedges the resulting net currency risks by entering into offsetting contracts with established financial institution . Foreign exchange revenues from total portfolio of positions were $ 22.2 million and $63.8 million for the three and nine months ended September 30, 2023, respectively, and $ 22.3 million and $ 66.5 million for the same periods in 2022, respectively. All of the derivative contracts used in the Company's xe operations are economic hedges and are not designated as hedges under ASC 815. The duration of these derivative contracts is generally less than one year. The fair value of total portfolio of positions can change significantly from period to period based on, among other factors, market movements and changes in customer contract positions. xe manages credit risk (the risk that will default and not make payments according to the terms of the agreements) on an individual basis. It mitigates this risk by entering contracts with collateral posting requirements and/or by performing financial assessments prior to contract execution, conducting periodic evaluations of performance and maintaining a diverse portfolio of qualified . xe does not expect any significant losses from defaults. The aggregate equivalent U.S. dollar notional amount of foreign currency derivative customer contracts held by the Company in its xe operations as of September 30, 2023 and December 31, 2022 was $ 1.0 billion and $ billion, respectively. The significant majority of customer contracts are written in major currencies such as the euro, U.S. dollar, British pounds sterling, Australian dollar and New Zealand dollar. Balance Sheet Presentation The following table summarizes the fair value of the derivative instruments as recorded in the Consolidated Balance Sheets as of the dates below: Asset Derivatives Liability Derivatives Fair Value Fair Value (in millions) Balance Sheet Location September 30, 2023 December 31, 2022 Balance Sheet Location September 30, 2023 December 31, 2022 Derivatives not designated as hedging instruments Foreign currency exchange contracts Other current assets $ 43.6 $ 50.3 Other current liabilities $ (39.2 ) $ (42.3 ) The following tables summarize the gross and net fair value of derivative assets and liabilities as of September 30, 2023 and December 31, 2022 (in millions): Offsetting of De rivative Ass As of September 30, 2023 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts Presented in the Consolidated Balance Sheet Derivatives Not Offset in the Consolidated Balance Sheet Net Amounts Derivatives subject to a master netting arrangement or similar agreement $ 43.6 $ — $ 43.6 $ (29.7 ) $ 13.9 As of December 31, 2022 Derivatives subject to a master netting arrangement or similar agreement $ 50.3 $ — $ 50.3 $ (32.0 ) $ 18.3 Offsetting of Derivative Liabilities As of September 30, 2023 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts Presented in the Consolidated Balance Sheet Derivatives Not Offset in the Consolidated Balance Sheet Net Amounts Derivatives subject to a master netting arrangement or similar agreement $ (39.2 ) $ — $ (39.2 ) $ 28.7 $ (10.5 ) As of December 31, 2022 Derivatives subject to a master netting arrangement or similar agreement $ (42.3 ) $ — $ (42.3 ) $ 32.1 $ (10.2 ) 11 Income Statement Presentation The following table summarizes the location and amount of losses on derivatives in the Consolidated Statements of Income for the three and nine September 30, 2023 and 2022 : Amount of (Loss) Recognized in Income on Derivative Contracts (a) Location of Gain (Loss) Recognized in Income on Derivative Contracts Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2023 2022 2023 2022 Foreign currency exchange contracts - Ria Operations Foreign currency exchange (loss), net $ (3.2 ) $ (7.4 ) $ (6.9 ) $ (0.7 ) (a) The Company enters into derivative contracts such as foreign currency exchange forwards and cross-currency swaps as part of its xe operations. These derivative contracts are excluded from this table as they are part of the broader disclosure of foreign currency exchange revenues for this business discussed above. See Note 11

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2023
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	( 11 Fair value measurements used in the unaudited consolidated financial statements are based upon the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy distinguishes between ( 1 2 three 1 3 three Level 1 Level 2 – Valuations based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities. Level 3 – Unobservable inputs in which little or no market activity exists, therefore requiring an entity to develop its own assumptions about the inputs that market participants would use in pricing. The following table details financial assets and liabilities measured and recorded at fair value on a recurring basis: As of September 30, 2023 (in millions) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 43.6 $ — $ 43.6 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (39.2 ) $ — $ (39.2 ) As of December 31, 2022 (in millions) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 50.3 $ — $ 50.3 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (42.3 ) $ — $ (42.3 ) Other Fair Value Disclosures The carrying amounts of cash and cash equivalents, trade accounts receivable, trade accounts payable and short-term debt obligations approximate fair values due to their short maturities. The carrying values of the Company’s revolving credit agreements approximate fair values because interest as of September 30, 2023 one 2 As of September 30, 2023 , the fair values of the Convertible Notes and Senior Notes were $498.5 million and $571.8 million , respectively, with carrying values of $ 525.0 million and $634.2 million , respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2023
SEGMENT INFORMATION
SEGMENT INFORMATION	(12) SEGMENT INFORMATION Our reportable operating segments have been determined in accordance with ASC Topic 280 Segment Reporting ("ASC 280 . The Company currently operates in the following three reportable operating segments: 1 Through the EFT Processing Segment, t he Company processes transactions for a network of ATMs and POS terminals across Europe, the Middle East, Africa, Asia Pacific and the United States. Euronet provides comprehensive electronic payment solutions consisting of ATM cash withdrawal and deposit services, ATM network participation, outsourced ATM and POS management solutions, credit, debit and prepaid card outsourcing, dynamic currency conversion, domestic and international surcharges and other value added services. Through this segment, he Company also offers a suite of integrated electronic financial transaction software solutions for electronic payment and transaction delivery systems. 2 Through the epay Segment, Euronet provides distribution, processing and collection services for electronic payment products, and prepaid mobile airtime through a network of POS terminals in Europe, the Middle East, Asia Pacific, South America and North America. also provides vouchers and physical gift fulfillment services in Europe. 3 Through the Money Transfer Segment, Euronet provides global consumer-to-consumer money transfer services, primarily under the brand names Ria, IME, AFEX, and xe, and global account-to-account money transfer services under the brand name xe. The Company offers services under the brand names Ria and IME and offers money transfer services on its currency data websites (primarily in the U.S.) for a wide variety of issued checks, along with competitive In addition, t he Company accounts for non-operating activity, share-based compensation expense, certain intersegment eliminations and the costs of providing corporate and other administrative services in the administrative division, "Corporate Services, Eliminations and Other." These services are not directly identifiable with the Company’s reportable operating segments. The following tables present the Company's reportable segment results for the three months and nine September 30, 2023 and 2022 : For the Three Months Ended September 30, 2023 (in millions) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 345.8 $ 264.5 $ 395.9 $ (2.2 ) $ 1,004.0 Operating expenses: Direct operating costs, exclusive of depreciation 165.7 201.3 211.9 (2.2 ) 576.7 Salaries and benefits 35.2 23.4 77.6 17.4 153.6 Selling, general and administrative 16.2 9.7 45.7 2.3 73.9 Depreciation and amortization 23.9 1.8 7.0 0.1 32.8 Total operating expenses 241.0 236.2 342.2 17.6 837.0 Operating income (loss) $ 104.8 $ 28.3 $ 53.7 $ (19.8 ) $ 167.0 For the Three Months Ended September 30, 2022 (in millions) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 319.5 $ 248.9 $ 364.9 $ (2.0 ) $ 931.3 Operating expenses: Direct operating costs, exclusive of depreciation 137.8 190.1 200.1 (2.0 ) 526.0 Salaries and benefits 30.0 19.8 69.6 15.0 134.4 Selling, general and administrative 12.2 8.5 46.3 2.6 69.6 Depreciation and amortization 23.1 1.4 8.2 0.1 32.8 Total operating expenses 203.1 219.8 324.2 15.7 762.8 Operating income $ 116.4 $ 29.1 $ 40.7 $ (17.7 ) $ 168.5 For the Nine Months Ended September 30, 2023 (in millions) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 820.4 $ 765.7 $ 1,150.1 $ (5.9 ) $ 2,730.3 Operating expenses: Direct operating costs, exclusive of depreciation 426.8 583.6 621.9 (5.9 ) 1,626.4 Salaries and benefits 93.5 66.8 230.4 54.2 444.9 Selling, general and administrative 48.9 27.6 140.7 7.2 224.4 Depreciation and amortization 70.4 5.1 23.6 0.3 99.4 Total operating expenses 639.6 683.1 1,016.6 55.8 2,395.1 Operating income (loss) $ 180.8 $ 82.6 $ 133.5 $ (61.7 ) $ 335.2 For the Nine Months Ended September 30, 2022 (in millions) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 714.1 $ 712.4 $ 1,072.4 $ (5.8 ) $ 2,493.1 Operating expenses: Direct operating costs, exclusive of depreciation 354.9 542.1 593.6 (5.7 ) 1,484.9 Salaries and benefits 82.9 59.8 204.9 44.9 392.5 Selling, general and administrative 40.3 26.2 133.6 7.5 207.6 Depreciation and amortization 71.1 4.7 25.7 0.3 101.8 Total operating expenses 549.2 632.8 957.8 47.0 2,186.8 Operating income (loss) $ 164.9 $ 79.6 $ 114.6 $ (52.8 ) $ 306.3 The following table presents the Company's total assets by reportable segment: Total Assets as of (in millions September 30, 2023 December 31, 2022 EFT Processing $ 2,296.9 $ 2,150.7 epay 825.5 1,173.3 Money Transfer 1,714.4 1,795.8 Corporate Services, Eliminations and Other 326.1 283.8 Total $ 5,162.9 $ 5,403.6 The following table presents the Company's revenues disaggregated by segment and region. Sales and usage-based taxes are excluded from revenues. The Company believes disaggregation by segment and region best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The disaggregation of revenues by segment and region is based on management's assessment of segment performance together with allocation of financial resources, both capital and operating support costs, on a segment and regional level. Both segments and regions benefit from synergies achieved through concentration of operations and are influenced by macro-economic, regulatory and political factors in the respective segment and region. Revenues for the Three Months Ended September 30, 2023 Revenues for the Nine Months Ended September 30, 2023 (in millions EFT Processing epay Money Transfer Total EFT Processing epay Money Transfer Total Europe $ 285.7 $ 171.6 $ 165.1 $ 622.4 $ 644.2 $ 498.9 $ 480.5 $ 1,623.6 North America 18.6 45.2 187.4 251.2 53.9 125.6 539.8 719.3 Asia Pacific 39.4 33.9 27.2 100.5 116.7 101.1 81.7 299.5 Other 2.1 13.8 16.2 32.1 5.6 40.1 48.1 93.8 Eliminations — — — (2.2 ) — — — (5.9 ) Total $ 345.8 $ 264.5 $ 395.9 $ 1,004.0 $ 820.4 $ 765.7 $ 1,150.1 $ 2,730.3 Revenues for the Three Months Ended September 30, 2022 Revenues for the Nine Months Ended September 30, 2022 (in millions EFT Processing epay Money Transfer Total EFT Processing epay Money Transfer Total Europe $ 267.0 $ 167.0 $ 144.0 $ 578.0 $ 563.5 $ 457.7 $ 432.7 $ 1,453.9 North America 17.2 32.9 180.8 230.9 51.0 98.5 519.2 668.7 Asia Pacific 34.1 36.9 27.0 98.0 96.8 118.6 80.7 296.1 Other 1.2 12.1 13.1 26.4 2.8 37.6 39.8 80.2 Eliminations — — — (2.0 ) — — — (5.8 ) Total $ 319.5 $ 248.9 $ 364.9 $ 931.3 $ 714.1 $ 712.4 $ 1,072.4 $ 2,493.1

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2023
INCOME TAXES
INCOME TAXES	( 13 The Company's effective income tax rate was 29.2 30.6 three nine September 30, 2023 respectively, compared to 31.1 33.5 three nine September 30, 2022 three nine September 30, 2023 was higher than the applicable statutory income tax rate of 21% mainly as a result of our U.S. deferred tax activity and certain foreign earnings being subject to higher local statutory tax rate s and our U.S. deferred tax activity.

COMMITMENTS

COMMITMENTS	9 Months Ended
	Sep. 30, 2023
COMMITMENTS
COMMITMENTS	(14) COMMITMENTS As of September 30, 2023 , the Company had $83.6 million of stand-by letters of credit/bank guarantees issued on the Company's behalf, of which $3.2 million are collateralized by cash deposits held by the respective issuing banks. Under certain circumstances, the Company grants guarantees in support of obligations of subsidiaries. As of September 30, 2023 , the Company had granted off balance sheet guarantees for cash in various ATM networks amounting to $10.9 million over the terms of the cash supply agreements and performance guarantees amounting to approximately $51.0 million over the terms of agreements with the Company's customers. From time to time, the Company enters into agreements with commercial counterparties that contain indemnification provisions, the terms of which may vary depending on the negotiated terms of each respective agreement. The amount of such potential obligations is generally not stated in the agreements. The Company's liability under such indemnification provisions may be mitigated by relevant insurance coverage and may be subject to time and materiality limitations, monetary caps and other conditions and defenses. Such indemnification obligations include the following: In connection with contracts with financial institutions in the EFT Processing Segment, the Company is responsible for damage to ATMs and theft of ATM network cash. As of September 30, 2023 , the balance of such cash used in the Company's ATM networks for which the Company was responsible was approximately $282.5 million . The Company maintains insurance policies to mitigate this exposure; In connection with contracts with financial institutions in the EFT Processing Segment, the Company is responsible for losses suffered by the Company's customers and other parties as a result of the breach of the Company's computer systems, including in particular, losses arising from fraudulent transactions made using information stolen through the Company's processing systems. The Company maintains insurance policies to mitigate this exposure; In connection with the license of proprietary systems to customers, the Company provides certain warranties and infringement indemnities to the licensee, which generally warrant that such systems do not infringe on intellectual property owned by third parties and that the systems will perform in accordance with their specifications; The Company has entered into purchase and service agreements with vendors and consulting agreements with providers of consulting services, pursuant to which the Company has agreed to indemnify certain of such vendors and consultants, respectively, against third-party claims arising from the Company's use of the vendor’s product or the services of the vendor or consultant; In connection with acquisitions and dispositions of subsidiaries, operating units and business assets, the Company has entered into agreements containing indemnification provisions, which can be generally described as follows: (i) in connection with acquisitions of operating units or assets made by the Company, the Company has agreed to indemnify the seller against third party claims made against the seller relating to the operating unit or asset and arising after the closing of the transaction, and (ii) in connection with dispositions made by the Company, the Company has agreed to indemnify the buyer against damages incurred by the buyer due to the buyer’s reliance on representations and warranties relating to the subject subsidiary, operating unit or business assets in the disposition agreement if such representations or warranties were untrue when made; and The Company has entered into agreements with certain third parties, including banks that provide fiduciary and other services to the Company or the Company's benefit plans. Under such agreements, the Company has agreed to indemnify such service providers for third-party claims relating to carrying out their respective duties under such agreements. The Company is also required to meet minimum capitalization and cash requirements of various regulatory authorities in the jurisdictions in which the Company has operations. The Company has obtained surety bonds in compliance with money transfer licensing requirements of the applicable governmental authorities. To date, the Company is not aware of any significant claims made by the indemnified parties or third parties to guarantee agreements with the Company and, accordingly, no September 30, 2023 or December 31, 2022 .

LITIGATION AND CONTINGENCIES

LITIGATION AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
LITIGATION AND CONTINGENCIES
LITIGATION AND CONTINGENCIES	( 15 From time to time, the Company is a party to legal or regulatory proceedings arising in the ordinary course of the Company's business. Currently, there are no

LEASES

LEASES	9 Months Ended
	Sep. 30, 2023
LEASES
LEASES	(16) LEASES The Company enters into operating leases for ATM sites, office spaces, retail stores and equipment. The Company's finance leases are immaterial. Right of use assets and lease liabilities are recognized at the lease commencement date based on the present value of the lease payments over the lease terms. The present value of lease payments is determined using the incremental borrowing rate based on information available at the lease commencement date. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. Most leases include an option to renew, with renewal terms that can extend the lease terms. The exercise of lease renewal options is at the Company's sole discretion. The depreciable life of assets and leasehold improvements are limited by the expected lease terms. The Company also has a unilateral termination right for most of the ATM site leases. Since the Company is not reasonably certain not to exercise termination options, p ayments for ATM site leases with termination options subject to the short-term lease exemption are expensed in the period incurred and corresponding leases are excluded from the right of use lease asset and lease liability balances. Certain of the Company's lease agreements include variable rental payments based on revenues generated from the use of the leased location and certain leases include rental payments adjusted periodically for inflation. Variable lease payments are recognized when the event, activity or circumstance in the lease agreement on which those payments are assessed occurs and are excluded from the right of use assets and lease liabilities balances. The lease agreements do not contain any material residual value guarantees or material restrictive covenants. Future minimum lease payments Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one September 30, 2023 are: As of September 30, 2023 Maturity of Lease Liabilities (in millions) Operating Leases ( 1 Remainder of 2023 $ 12.3 2024 42.5 2025 32.1 2026 23.5 2027 16.4 Thereafter 20.6 Total lease payments $ 147.4 Less: imputed interest (7.7 ) Present value of lease liabilities $ 139.7 ( 1 Operating lease payments reflect the Company's current fixed obligations under the operating lease agreements. Lease expense recognized in the Consolidated Statements of Income is summarized as follows: Lease Expense (in millions) Income Statement Classification Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 Operating lease expense Selling, general and administrative and Direct operating costs $ 12.6 $ 12.2 $ 37.6 $ 38.8 Short-term and variable lease expense Selling, general and administrative and Direct operating costs 47.0 40.3 124.7 107.3 Total lease expense $ 59.6 $ 52.5 $ 162.3 $ 146.1 Other information about lease amounts recognized in the consolidated financial statements is summarized as follows: Lease Term and Discount Rate of Operating Leases As of September 30, 2023 Weighted- average remaining lease term (years) 4.4 W eighted- average discount rate 2.5 % The following table presents supplemental cash flow and non-cash information related to leases. Other Information (in millions) Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 Cash paid for amounts included in the measurement of lease liabilities (a) $ 37.5 $ 37.9 Supplemental non-cash information on lease liabilities arising from obtaining ROU assets: ROU assets obtained in exchange for new operating lease liabilities $ 83.4 $ 26.5 Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows

RECENTLY ISSUED AND ADOPTED A_2

RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Sep. 30, 2023
RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS
Recently issued and adopted accounting pronouncements	In August 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-06, "Accounting for Convertible Instruments and Contracts in an Entity's Own Equity" 815 2049

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 30, 2023
ACQUISITIONS
Summary of the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date	(in millions) As of March 15, 2022 Other current assets $ 1.8 Settlement assets 77.6 Property and equipment 5.7 Intangible assets 122.5 Total assets acquired $ 207.6 Trade accounts payable $ (2.1 ) Settlement liabilities (65.9 ) Accrued expenses and other current liabilities (1.3 ) Deferred revenue (0.3 ) Other long-term liabilities (0.1 ) Total liabilities assumed $ 69.7 Goodwill 212.7 Net assets acquired $ 350.6

SETTLEMENT ASSETS AND OBLIGAT_2

SETTLEMENT ASSETS AND OBLIGATIONS (Tables)	9 Months Ended
	Sep. 30, 2023
SETTLEMENT ASSETS AND OBLIGATIONS
Schedule of settlement assets and liabilities	As of (in millions) September 30, 2023 December 31, 2022 Settlement assets: Settlement cash and cash equivalents $ 274.9 $ 242.6 Settlement restricted cash 76.4 94.0 Accounts receivable, net of credit losses of $39.4 and $33.0 690.9 887.6 Prepaid expenses and other current assets 200.1 218.5 Total settlement assets $ 1,242.3 $ 1,442.7 Settlement obligations: Trade account payables $ 465.0 $ 655.1 Accrued expenses and other current liabilities 777.3 787.6 Total settlement obligations $ 1,242.3 $ 1,442.7
Schedule of cash and cash equivalents and restricted cash	As of (in millions) September 30, 2023 December 31, 2022 September 30, 2022 December 31, 2021 Cash and cash equivalents $ 1,074.4 $ 1,131.2 $ 967.1 $ 1,260.5 Restricted cash 14.1 7.4 8.4 3.7 ATM cash 603.5 515.6 646.1 543.4 Settlement cash and cash equivalents 274.9 242.6 210.8 203.6 Settlement restricted cash 76.4 94.0 46.1 74.9 Cash and cash equivalents and restricted cash at end of period $ 2,043.3 $ 1,990.8 $ 1,878.5 $ 2,086.1

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2023
STOCKHOLDERS' EQUITY
Schedule of computation of diluted weighted average number of common shares outstanding	(in millions) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Computation Net income $ 104.2 $ 97.8 $ 210.4 $ 163.3 Add: Interest expense from assumed conversion of convertible notes, net of tax 1.1 1.1 3.1 3.3 Net income for diluted earnings per share calculation $ 105.3 $ 98.9 $ 213.5 $ 166.6 Computation of diluted weighted average shares outstanding: Basic weighted average shares outstanding 48,406,473 49,583,317 49,285,143 50,345,293 Incremental shares from assumed exercise of stock options and vesting of restricted stock units 282,312 386,169 379,331 561,689 Incremental shares from assumed conversion of convertible debt 2,781,818 2,781,818 2,781,818 2,781,818 Diluted 51,470,603 52,751,304 52,446,292 53,688,800

GOODWILL AND ACQUIRED INTANGI_2

GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2023
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
Schedule of acquired intangible assets and goodwill activity	A summary of acquired intangible assets and goodwill activity for the nine months ended September 30, 2023 is presented below: (in millions) Acquired Intangible Assets Goodwill Total Intangible Assets Balance as of December 31, 2022 $ 188.3 $ 828.3 $ 1,016.6 Increases (decreases): Acquisition — — — Amortization (18.9 ) — (18.9 ) Foreign currency exchange rate changes (2.0 ) (10.5 ) (12.5 ) Balance as of September 30, 2023 $ 167.4 $ 817.8 $ 985.2

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2023
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Schedule of accrued expenses and other current liabilities	Accrued expenses and other current liabilities consist of the following: As of (in millions) September 30, 2023 December 31, 2022 Accrued expenses $ 294.0 $ 311.9 Derivative liabilities 39.2 42.3 Other tax payables 69.2 80.6 Accrued payroll expenses 64.9 68.0 Current portion of capital lease obligations 1.8 3.0 Total $ 469.1 $ 505.8

DEBT OBLIGATIONS (Tables)

DEBT OBLIGATIONS (Tables)	9 Months Ended
	Sep. 30, 2023
DEBT OBLIGATIONS
Schedule of debt obligations	As of (in millions) September 30, 2023 December 31, 2022 Credit Facility: Revolving credit agreement $ 113.5 $ 454.8 Notes: 0.75% Convertible Notes, unsecured, due 2049 525.0 525.0 1.375% Senior Notes, due 2026 634.2 642.1 Uncommitted credit agre eme 450.0 — Other obligations 0.2 0.2 Total debt obligations 1,722.9 1,622.1 Unamortized debt issuance costs (9.8 ) (12.9 ) Carrying value of debt 1,713.1 1,609.2 Short-term debt obligations and current maturities of long-term debt obligations (450.1 ) (0.1 ) Long-term debt obligations $ 1,263.0 $ 1,609.1

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of fair value of the derivative instruments as recorded in the Consolidated Balance Sheets	Asset Derivatives Liability Derivatives Fair Value Fair Value (in millions) Balance Sheet Location September 30, 2023 December 31, 2022 Balance Sheet Location September 30, 2023 December 31, 2022 Derivatives not designated as hedging instruments Foreign currency exchange contracts Other current assets $ 43.6 $ 50.3 Other current liabilities $ (39.2 ) $ (42.3 )
Schedule of offsetting assets and liabilities	Offsetting of De rivative Ass As of September 30, 2023 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts Presented in the Consolidated Balance Sheet Derivatives Not Offset in the Consolidated Balance Sheet Net Amounts Derivatives subject to a master netting arrangement or similar agreement $ 43.6 $ — $ 43.6 $ (29.7 ) $ 13.9 As of December 31, 2022 Derivatives subject to a master netting arrangement or similar agreement $ 50.3 $ — $ 50.3 $ (32.0 ) $ 18.3 Offsetting of Derivative Liabilities As of September 30, 2023 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts Presented in the Consolidated Balance Sheet Derivatives Not Offset in the Consolidated Balance Sheet Net Amounts Derivatives subject to a master netting arrangement or similar agreement $ (39.2 ) $ — $ (39.2 ) $ 28.7 $ (10.5 ) As of December 31, 2022 Derivatives subject to a master netting arrangement or similar agreement $ (42.3 ) $ — $ (42.3 ) $ 32.1 $ (10.2 )
Schedule of amount of gains and losses on derivatives in the Consolidated Statements of Income	Amount of (Loss) Recognized in Income on Derivative Contracts (a) Location of Gain (Loss) Recognized in Income on Derivative Contracts Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2023 2022 2023 2022 Foreign currency exchange contracts - Ria Operations Foreign currency exchange (loss), net $ (3.2 ) $ (7.4 ) $ (6.9 ) $ (0.7 ) (a) The Company enters into derivative contracts such as foreign currency exchange forwards and cross-currency swaps as part of its xe operations. These derivative contracts are excluded from this table as they are part of the broader disclosure of foreign currency exchange revenues for this business discussed above.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
FAIR VALUE MEASUREMENTS
Schedule of financial assets and liabilities measured and recorded at fair value on a recurring basis	The following table details financial assets and liabilities measured and recorded at fair value on a recurring basis: As of September 30, 2023 (in millions) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 43.6 $ — $ 43.6 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (39.2 ) $ — $ (39.2 ) As of December 31, 2022 (in millions) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 50.3 $ — $ 50.3 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (42.3 ) $ — $ (42.3 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2023
SEGMENT INFORMATION
Schedule of reportable segment results	The following tables present the Company's reportable segment results for the three months and nine September 30, 2023 and 2022 : For the Three Months Ended September 30, 2023 (in millions) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 345.8 $ 264.5 $ 395.9 $ (2.2 ) $ 1,004.0 Operating expenses: Direct operating costs, exclusive of depreciation 165.7 201.3 211.9 (2.2 ) 576.7 Salaries and benefits 35.2 23.4 77.6 17.4 153.6 Selling, general and administrative 16.2 9.7 45.7 2.3 73.9 Depreciation and amortization 23.9 1.8 7.0 0.1 32.8 Total operating expenses 241.0 236.2 342.2 17.6 837.0 Operating income (loss) $ 104.8 $ 28.3 $ 53.7 $ (19.8 ) $ 167.0 For the Three Months Ended September 30, 2022 (in millions) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 319.5 $ 248.9 $ 364.9 $ (2.0 ) $ 931.3 Operating expenses: Direct operating costs, exclusive of depreciation 137.8 190.1 200.1 (2.0 ) 526.0 Salaries and benefits 30.0 19.8 69.6 15.0 134.4 Selling, general and administrative 12.2 8.5 46.3 2.6 69.6 Depreciation and amortization 23.1 1.4 8.2 0.1 32.8 Total operating expenses 203.1 219.8 324.2 15.7 762.8 Operating income $ 116.4 $ 29.1 $ 40.7 $ (17.7 ) $ 168.5 For the Nine Months Ended September 30, 2023 (in millions) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 820.4 $ 765.7 $ 1,150.1 $ (5.9 ) $ 2,730.3 Operating expenses: Direct operating costs, exclusive of depreciation 426.8 583.6 621.9 (5.9 ) 1,626.4 Salaries and benefits 93.5 66.8 230.4 54.2 444.9 Selling, general and administrative 48.9 27.6 140.7 7.2 224.4 Depreciation and amortization 70.4 5.1 23.6 0.3 99.4 Total operating expenses 639.6 683.1 1,016.6 55.8 2,395.1 Operating income (loss) $ 180.8 $ 82.6 $ 133.5 $ (61.7 ) $ 335.2 For the Nine Months Ended September 30, 2022 (in millions) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 714.1 $ 712.4 $ 1,072.4 $ (5.8 ) $ 2,493.1 Operating expenses: Direct operating costs, exclusive of depreciation 354.9 542.1 593.6 (5.7 ) 1,484.9 Salaries and benefits 82.9 59.8 204.9 44.9 392.5 Selling, general and administrative 40.3 26.2 133.6 7.5 207.6 Depreciation and amortization 71.1 4.7 25.7 0.3 101.8 Total operating expenses 549.2 632.8 957.8 47.0 2,186.8 Operating income (loss) $ 164.9 $ 79.6 $ 114.6 $ (52.8 ) $ 306.3 The following table presents the Company's total assets by reportable segment: Total Assets as of (in millions September 30, 2023 December 31, 2022 EFT Processing $ 2,296.9 $ 2,150.7 epay 825.5 1,173.3 Money Transfer 1,714.4 1,795.8 Corporate Services, Eliminations and Other 326.1 283.8 Total $ 5,162.9 $ 5,403.6
Schedule of Company's revenues disaggregated by segment and region	Revenues for the Three Months Ended September 30, 2023 Revenues for the Nine Months Ended September 30, 2023 (in millions EFT Processing epay Money Transfer Total EFT Processing epay Money Transfer Total Europe $ 285.7 $ 171.6 $ 165.1 $ 622.4 $ 644.2 $ 498.9 $ 480.5 $ 1,623.6 North America 18.6 45.2 187.4 251.2 53.9 125.6 539.8 719.3 Asia Pacific 39.4 33.9 27.2 100.5 116.7 101.1 81.7 299.5 Other 2.1 13.8 16.2 32.1 5.6 40.1 48.1 93.8 Eliminations — — — (2.2 ) — — — (5.9 ) Total $ 345.8 $ 264.5 $ 395.9 $ 1,004.0 $ 820.4 $ 765.7 $ 1,150.1 $ 2,730.3 Revenues for the Three Months Ended September 30, 2022 Revenues for the Nine Months Ended September 30, 2022 (in millions EFT Processing epay Money Transfer Total EFT Processing epay Money Transfer Total Europe $ 267.0 $ 167.0 $ 144.0 $ 578.0 $ 563.5 $ 457.7 $ 432.7 $ 1,453.9 North America 17.2 32.9 180.8 230.9 51.0 98.5 519.2 668.7 Asia Pacific 34.1 36.9 27.0 98.0 96.8 118.6 80.7 296.1 Other 1.2 12.1 13.1 26.4 2.8 37.6 39.8 80.2 Eliminations — — — (2.0 ) — — — (5.8 ) Total $ 319.5 $ 248.9 $ 364.9 $ 931.3 $ 714.1 $ 712.4 $ 1,072.4 $ 2,493.1

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2023
LEASES
Schedule of future minimum lease payments under non-cancelable operating leases	As of September 30, 2023 Maturity of Lease Liabilities (in millions) Operating Leases ( 1 Remainder of 2023 $ 12.3 2024 42.5 2025 32.1 2026 23.5 2027 16.4 Thereafter 20.6 Total lease payments $ 147.4 Less: imputed interest (7.7 ) Present value of lease liabilities $ 139.7 ( 1 Operating lease payments reflect the Company's current fixed obligations under the operating lease agreements.
Schedule of lease expense recognized in the Consolidated Statements of Income	Lease expense recognized in the Consolidated Statements of Income is summarized as follows: Lease Expense (in millions) Income Statement Classification Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 Operating lease expense Selling, general and administrative and Direct operating costs $ 12.6 $ 12.2 $ 37.6 $ 38.8 Short-term and variable lease expense Selling, general and administrative and Direct operating costs 47.0 40.3 124.7 107.3 Total lease expense $ 59.6 $ 52.5 $ 162.3 $ 146.1
Schedule of Lease Term and Discount Rate of Operating Leases	Other information about lease amounts recognized in the consolidated financial statements is summarized as follows: Lease Term and Discount Rate of Operating Leases As of September 30, 2023 Weighted- average remaining lease term (years) 4.4 W eighted- average discount rate 2.5 %
Schedule of supplemental cash flow and non-cash information related to leases	The following table presents supplemental cash flow and non-cash information related to leases. Other Information (in millions) Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 Cash paid for amounts included in the measurement of lease liabilities (a) $ 37.5 $ 37.9 Supplemental non-cash information on lease liabilities arising from obtaining ROU assets: ROU assets obtained in exchange for new operating lease liabilities $ 83.4 $ 26.5 Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows

RECENTLY ISSUED AND ADOPTED A_3

RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS (Details Textual) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2020	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Incremental shares from assumed conversion of convertible debt		2,781,818	2,781,818	2,781,818	2,781,818
ASU 2020-06 [Member]
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Debt Discounts, before Tax Amount	$ 56.8
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, Tax Amount	15
ASU 2020-06 [Member] | Additional Paid-in Capital
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, before Tax Amount	99.7
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, Tax Amount	25.6
ASU 2020-06 [Member] | Retained Earnings
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, before Tax Amount	42.9
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, Tax Amount	$ 10.6
ASU 2020-06 [Member] | Treasury Stock
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Incremental shares from assumed conversion of convertible debt	2,800,000

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Mar. 15, 2022
Acquisitions
Goodwill	$ 817.8	$ 828.3
Piraeus Bank Merchant Acquiring [Member]
Acquisitions
Other current assets			$ 1.8
Settlement assets			77.6
Property and equipment			5.7
Acquired intangible assets			122.5
Total assets acquired			207.6
Trade accounts payable			(2.1)
Settlement liabilities			(65.9)
Accrued expenses and other current liabilities			(1.3)
Deferred revenue			(0.3)
Other long-term liabilities			(0.1)
Total liabilities assumed			69.7
Goodwill			212.7
Net assets acquired			$ 350.6

ACQUISITIONS (Details Textuals)

ACQUISITIONS (Details Textuals) € in Millions, $ in Millions			3 Months Ended	9 Months Ended
	Mar. 15, 2022 EUR (€)	Mar. 15, 2022 USD ($) terminal merchant	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Acquisitions
Working capital						$ 4.4
Goodwill			$ 817.8	$ 817.8		$ 828.3
Piraeus Bank Merchant Acquiring [Member]
Acquisitions
Number of point of sale terminals acquisition | terminal		205,000
Number of merchants at point of sale terminals acquisition | merchant		170,000
Business acquisition, purchase price	€ 317.8	$ 350.6
Payments to Acquire Businesses, cash paid		331
Contingent consideration		15.2
Cash paid for surplus working capital		$ 4.4
Contractual maximum amount of consideration				no contractual maximum amount of consideration under this agreement.
Period of earnout contingent on performance targets	10 years	10 years
Acquired intangible assets		$ 122.5
Goodwill		212.7
Revenues			$ 42.3	$ 98.5	$ 63.8
Piraeus Bank Merchant Acquiring [Member] | Customer Relationships [Member]
Acquisitions
Acquired intangible assets		$ 112.2
Amortization method	straight-line	straight-line
Intangible asset, useful life	15 years	15 years
Piraeus Bank Merchant Acquiring [Member] | Contract related intangible asset [Member]
Acquisitions
Acquired intangible assets		$ 10.3
Amortization method	straight-line	straight-line
Intangible asset, useful life	10 years	10 years

SETTLEMENT ASSETS AND OBLIGAT_3

SETTLEMENT ASSETS AND OBLIGATIONS (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Settlement assets:
Settlement cash and cash equivalents	$ 274.9	$ 242.6	$ 210.8	$ 203.6
Settlement restricted cash	76.4	94	$ 46.1	$ 74.9
Accounts receivable	690.9	887.6
Prepaid expenses and other current assets	200.1	218.5
Total settlement assets	1,242.3	1,442.7
Settlement obligations:
Trade account payables	465	655.1
Accrued expenses and other current liabilities	777.3	787.6
Total settlement obligations	$ 1,242.3	$ 1,442.7

SETTLEMENT ASSETS AND OBLIGAT_4

SETTLEMENT ASSETS AND OBLIGATIONS (Details 1) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
SETTLEMENT ASSETS AND OBLIGATIONS
Cash and cash equivalents	$ 1,074.4	$ 1,131.2	$ 967.1	$ 1,260.5
Restricted cash	14.1	7.4	8.4	3.7
ATM cash	603.5	515.6	646.1	543.4
Settlement cash and cash equivalents	274.9	242.6	210.8	203.6
Settlement restricted cash	76.4	94	46.1	74.9
Cash and cash equivalents and restricted cash at end of period	$ 2,043.3	$ 1,990.8	$ 1,878.5	$ 2,086.1

SETTLEMENT ASSETS AND OBLIGAT_5

SETTLEMENT ASSETS AND OBLIGATIONS (Details Textual) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
SETTLEMENT ASSETS AND OBLIGATIONS
Allowance for doubtful other receivables, current	$ 39.4	$ 33

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Computation of diluted earnings:
Net income	$ 104.2	$ 97.8	$ 210.4	$ 163.3
Add: Interest expense from assumed conversion of convertible notes, net of tax	1.1	1.1	3.1	3.3
Net income for diluted earnings per share calculation	$ 105.3	$ 98.9	$ 213.5	$ 166.6
Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding	48,406,473	49,583,317	49,285,143	50,345,293
Incremental shares from assumed exercise of stock options and vesting of restricted stock units	282,312	386,169	379,331	561,689
Incremental shares from assumed conversion of convertible debt	2,781,818	2,781,818	2,781,818	2,781,818
Diluted weighted average shares outstanding	51,470,603	52,751,304	52,446,292	53,688,800

STOCKHOLDERS' EQUITY (Details T

STOCKHOLDERS' EQUITY (Details Textual) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 13, 2023	Sep. 13, 2022	Dec. 08, 2021	Mar. 18, 2019
Equity, Class of Treasury Stock [Line Items]
Weighted average common shares outstanding	3,600,000	3,300,000	2,700,000	2,800,000
Incremental shares from assumed conversion of convertible debt	2,781,818	2,781,818	2,781,818	2,781,818
Conversion price								$ 188.73
Foreign currency translation gain	$ (61)	$ (100.5)	$ (30.1)	$ (209.9)
Share Repurchase Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount					$ 350	$ 350	$ 300
Stock repurchase program, number of shares authorized					7,000,000	7,000,000	5,000,000
Stock repurchased	$ 296.1		$ 324.5	$ 175
Convertible Senior Notes ("Convertible Notes") [Member]
Equity, Class of Treasury Stock [Line Items]
Incremental shares from assumed conversion of convertible debt			2,800,000

GOODWILL AND ACQUIRED INTANGI_3

GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET (Details) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
Acquired Intangible Assets
Acquired Intangible Assets, Balance	$ 188.3
Increases (decreases):
Acquisition
Amortization	(18.9)
Foreign currency exchange rate changes	(2)
Acquired Intangible Assets, Balance	167.4
Goodwill
Goodwill, Balance	828.3
Increases (decreases):
Acquisition
Amortization
Foreign currency exchange rate changes	(10.5)
Goodwill, Balance	817.8
Total Intangible Assets
Total Intangible Assets, Balance	1,016.6
Increases (decreases):
Acquisition
Amortization	(18.9)
Foreign currency exchange rate changes	(12.5)
Total Intangible Assets, Balance	$ 985.2

GOODWILL AND ACQUIRED INTANGI_4

GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET (Details Textual) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	$ 817.8	$ 828.3
Finite-lived intangible asset, expected amortization, remainder of 2023	5.3
Finite-lived intangible asset, expected amortization, 2024	17.5
Finite-lived intangible asset, expected amortization, 2025	14.2
Finite-lived intangible asset, expected amortization, 2026	13.9
Finite-lived intangible asset, expected amortization, 2027	12.6
Finite-lived intangible asset, expected amortization, 2028	12.2
EFT Processing Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	317.9
Money Transfer Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	378.2
Epay Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	$ 121.7

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Accrued expenses	$ 294	$ 311.9
Derivative liabilities	39.2	42.3
Other tax payables	69.2	80.6
Accrued payroll expenses	64.9	68
Current portion of capital lease obligations	1.8	3
Total	$ 469.1	$ 505.8

DEFERRED REVENUES (Details)

DEFERRED REVENUES (Details) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
DEFERRED REVENUES
Decrease in deferred revenue	$ 134.4
Deferred revenue, revenue recognized	$ 145.1

DEBT OBLIGATIONS (Details)

DEBT OBLIGATIONS (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Revolving credit agreement	$ 113.5	$ 454.8
Uncommitted credit agreement	450
Other obligations	0.2	0.2
Total debt obligations	1,722.9	1,622.1
Unamortized debt issuance costs	(9.8)	(12.9)
Carrying value of debt	1,713.1	1,609.2
Short-term debt obligations and current maturities of long-term debt obligations	(450.1)	(0.1)
Long-term debt obligations	1,263	1,609.1
Due 2049 [Member]
Debt Instrument [Line Items]
Convertible Debt	525	525
Due 2026 [Member]
Debt Instrument [Line Items]
Senior notes (in USD)	$ 634.2	$ 642.1

DEBT OBLIGATIONS (Details Textu

DEBT OBLIGATIONS (Details Textual) $ / shares in Units, € in Millions, $ in Millions

3 Months Ended

9 Months Ended

Jun. 27, 2023 USD ($)

Jun. 26, 2023 USD ($)

Oct. 24, 2022 USD ($)

Mar. 18, 2019 USD ($) $ / shares

Sep. 30, 2023 USD ($)

Sep. 30, 2022 USD ($)

Sep. 30, 2023 USD ($)

Sep. 30, 2022 USD ($)

Sep. 30, 2023 EUR (€)

Sep. 30, 2023 USD ($)

Dec. 31, 2022 USD ($)

May 22, 2019 EUR (€)

May 22, 2019 USD ($)

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

$ 250

Conversion price | $ / shares

$ 188.73

Contractual interest expense

$ 1

$ 4

$ 2.9

$ 9

Debt instrument, interest rate during period

1.125%

Line of credit, current

150

Uncommitted credit agreement

450

Weighted-average interest rate

0.95%

Percentage of current credit rating

1.25%

Increase credit facility

$ 500

Description of credit facility

(i) a Consolidated Total Leverage Ratio, depending on certain circumstances defined in the Credit Facility, not to exceed a range between 3.5 to 1.0 and 4.5 to 1.0; and (ii) a Consolidated Interest Coverage Ratio of not less than 3.0 to 1.0. Subject to meeting certain customary covenants (as defined in the Credit Facility), the Company is permitted to repurchase common stock and debt. The Company

Short-term debt obligations and current maturities of long-term debt obligations

450.1

0.1

Other borrowings

$ 0.2

$ 0.2

Debt instrument, redemption, description

(i) if the closing sale price of the Company's Common Stock has been at least 130 % of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption and (ii) on or after March 20, 2025 and prior to the maturity date, regardless of the foregoing sale price condition, in each case at a redemption price equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the Convertible Notes. In addition, if a fundamental change, as defined in the Indenture, occurs prior to the maturity date, holders may require the Company to repurchase for cash all or part of their Convertible Notes at a repurchase price equal to 100% of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date.

Debt Instrument, Redemption Price, Percentage

100%

Uncommitted Credit Agreement [Member]

Debt Instrument [Line Items]

Sale purpose of cash

$ 300

Long-term Debt, Weighted Average Interest Rate, at Point in Time

6.33%

6.33%

Uncommitted Loan Agreement [Member]

Debt Instrument [Line Items]

Sale purpose of cash

$ 150

Long-term Debt, Weighted Average Interest Rate, at Point in Time

6.24%

6.24%

Line of Credit [Member]

Debt Instrument [Line Items]

Unamortized debt issuance costs

$ 3.4

Due 2049 [Member]

Debt Instrument [Line Items]

Sale of convertible senior notes

$ 525

Debt instrument, interest rate during period

0.75%

Unamortized debt issuance costs

3.2

Debt Issuance Costs, Gross

$ 12.8

Senior Notes, 1.375 Percent due 2026 [Member]

Debt Instrument [Line Items]

Senior notes (in USD)

€ 600

$ 634.2

€ 600

$ 669.9

Debt instrument, interest rate during period

1.375%

Long-term debt, percentage bearing fixed interest, percentage rate

1.375%

1.375%

Unamortized debt issuance costs

$ 3.2

Minimum [Member]

Debt Instrument [Line Items]

Debt instrument, applicable margin

1%

Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, applicable margin

1.625%

Foreign Swingline Loans [Member] | Line of Credit [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

75

Swingline loans [Member] | Line of Credit [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

$ 75

Unsecured Debt [Member]

Debt Instrument [Line Items]

Line of credit facility, expiration date

Oct. 24, 2027

Unsecured Debt [Member] | Minimum [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

$ 1,030

Unsecured Debt [Member] | Maximum [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

$ 1,250

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) - Foreign Exchange Contracts [Member] - Not Designated as Hedging Instrument [Member] - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	$ 43.6	$ 50.3
Accrued expenses and other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign currency derivative instruments, liability at fair value	$ (39.2)	$ (42.3)

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details 1) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Derivative Assets, Gross Amounts of Recognized Assets	$ 43.6	$ 50.3
Derivative Assets, Gross Amounts Offset in the Consolidated Balance Sheet
Derivative Assets, Net Amounts Presented in the Consolidated Balance Sheet	43.6	50.3
Derivative Assets, Derivatives Not Offset in the Consolidated Balance Sheet	(29.7)	(32)
Derivative Assets, Net Amounts	13.9	18.3
Derivative Liabilities, Gross Amounts of Recognized Liabilities	(39.2)	(42.3)
Derivative Liabilities, Gross Amounts Offset in the Consolidated Balance Sheet
Derivative Liabilities, Net Amounts Presented in the Consolidated Balance Sheet	(39.2)	(42.3)
Derivative Liabilities, Derivatives Not Offset in the Consolidated Balance Sheet	28.7	32.1
Derivative Liabilities, Net Amounts	$ (10.5)	$ (10.2)

DERIVATIVE INSTRUMENTS AND HE_5

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details 2) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Ria Operations [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Loss [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	[1]	$ (3.2)	$ (7.4)	$ (6.9)	$ (0.7)
[1] The Company enters into derivative contracts such as foreign currency exchange forwards and cross-currency swaps as part of its xe operations. These derivative contracts are excluded from this table as they are part of the broader disclosure of foreign currency exchange revenues for this business discussed above.

DERIVATIVE INSTRUMENTS AND HE_6

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details Textual) - Foreign Exchange Contracts [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Xe Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	$ 1,000		$ 1,000		$ 1,000
United States of America, Dollars | Ria Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	426		426		398.6
Euro Member Countries, Euro | Ria Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	325.5		$ 325.5		$ 228.4
Maximum [Member] | Ria Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract term			14 days
Trading Revenue [Member] | Xe Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange margin	$ 22.2	$ 22.3	$ 63.8	$ 66.5

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Fair Value, Recurring [Member] - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 43.6	$ 50.3
Foreign Currency Contracts, Liability, Fair Value Disclosure	(39.2)	(42.3)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure
Foreign Currency Contracts, Liability, Fair Value Disclosure
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	43.6	50.3
Foreign Currency Contracts, Liability, Fair Value Disclosure	(39.2)	(42.3)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure
Foreign Currency Contracts, Liability, Fair Value Disclosure

FAIR VALUE MEASUREMENTS (Deta_2

FAIR VALUE MEASUREMENTS (Details Textual) - Fair Value, Inputs, Level 2 [Member] $ in Millions	Sep. 30, 2023 USD ($)
Convertible Notes Payable [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible Debt, Fair Value Disclosures	$ 498.5
Convertible Debt	525
Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible Debt, Fair Value Disclosures	571.8
Senior notes (in USD)	$ 634.2

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Total revenues	$ 1,004	$ 931.3	$ 2,730.3	$ 2,493.1
Operating expenses:
Direct operating costs, exclusive of depreciation	576.7	526	1,626.4	1,484.9
Salaries and benefits	153.6	134.4	444.9	392.5
Selling, general and administrative	73.9	69.6	224.4	207.6
Depreciation and amortization	32.8	32.8	99.4	101.8
Total operating expenses	837	762.8	2,395.1	2,186.8
Operating income	167	168.5	335.2	306.3
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total revenues	(2.2)	(2)	(5.9)	(5.8)
Operating expenses:
Direct operating costs, exclusive of depreciation	(2.2)	(2)	(5.9)	(5.7)
Salaries and benefits	17.4	15	54.2	44.9
Selling, general and administrative	2.3	2.6	7.2	7.5
Depreciation and amortization	0.1	0.1	0.3	0.3
Total operating expenses	17.6	15.7	55.8	47
Operating income	(19.8)	(17.7)	(61.7)	(52.8)
EFT Processing Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	345.8	319.5	820.4	714.1
Operating expenses:
Direct operating costs, exclusive of depreciation	165.7	137.8	426.8	354.9
Salaries and benefits	35.2	30	93.5	82.9
Selling, general and administrative	16.2	12.2	48.9	40.3
Depreciation and amortization	23.9	23.1	70.4	71.1
Total operating expenses	241	203.1	639.6	549.2
Operating income	104.8	116.4	180.8	164.9
EFT Processing Segment [Member] | Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total revenues
Epay Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	264.5	248.9	765.7	712.4
Operating expenses:
Direct operating costs, exclusive of depreciation	201.3	190.1	583.6	542.1
Salaries and benefits	23.4	19.8	66.8	59.8
Selling, general and administrative	9.7	8.5	27.6	26.2
Depreciation and amortization	1.8	1.4	5.1	4.7
Total operating expenses	236.2	219.8	683.1	632.8
Operating income	28.3	29.1	82.6	79.6
Epay Segment [Member] | Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total revenues
Money Transfer Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	395.9	364.9	1,150.1	1,072.4
Operating expenses:
Direct operating costs, exclusive of depreciation	211.9	200.1	621.9	593.6
Salaries and benefits	77.6	69.6	230.4	204.9
Selling, general and administrative	45.7	46.3	140.7	133.6
Depreciation and amortization	7	8.2	23.6	25.7
Total operating expenses	342.2	324.2	1,016.6	957.8
Operating income	53.7	40.7	133.5	114.6
Money Transfer Segment [Member] | Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total revenues

SEGMENT INFORMATION (Details 1)

SEGMENT INFORMATION (Details 1) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total	$ 5,162.9	$ 5,403.6
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total	326.1	283.8
EFT Processing Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total	2,296.9	2,150.7
Epay Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total	825.5	1,173.3
Money Transfer Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total	$ 1,714.4	$ 1,795.8

SEGMENT INFORMATION (Details 2)

SEGMENT INFORMATION (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Revenues	$ 1,004	$ 931.3	$ 2,730.3	$ 2,493.1
Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(2.2)	(2)	(5.9)	(5.8)
EFT Processing Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	345.8	319.5	820.4	714.1
EFT Processing Segment [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues
Epay Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	264.5	248.9	765.7	712.4
Epay Segment [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues
Money Transfer Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	395.9	364.9	1,150.1	1,072.4
Money Transfer Segment [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues
Europe [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	622.4	578	1,623.6	1,453.9
Europe [Member] | EFT Processing Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	285.7	267	644.2	563.5
Europe [Member] | Epay Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	171.6	167	498.9	457.7
Europe [Member] | Money Transfer Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	165.1	144	480.5	432.7
North America [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	251.2	230.9	719.3	668.7
North America [Member] | EFT Processing Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	18.6	17.2	53.9	51
North America [Member] | Epay Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	45.2	32.9	125.6	98.5
North America [Member] | Money Transfer Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	187.4	180.8	539.8	519.2
Asia Pacific [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	100.5	98	299.5	296.1
Asia Pacific [Member] | EFT Processing Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	39.4	34.1	116.7	96.8
Asia Pacific [Member] | Epay Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	33.9	36.9	101.1	118.6
Asia Pacific [Member] | Money Transfer Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	27.2	27	81.7	80.7
Other [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	32.1	26.4	93.8	80.2
Other [Member] | EFT Processing Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	2.1	1.2	5.6	2.8
Other [Member] | Epay Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	13.8	12.1	40.1	37.6
Other [Member] | Money Transfer Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	$ 16.2	$ 13.1	$ 48.1	$ 39.8

SEGMENT INFORMATION (Details Te

SEGMENT INFORMATION (Details Textual)	9 Months Ended
	Sep. 30, 2023 segment
SEGMENT INFORMATION
Number of reportable segments	3

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
INCOME TAXES
Effective income tax rate	29.20%	31.10%	30.60%	33.50%
Federal statutory income tax rate	21%		21%

COMMITMENTS (Details)

COMMITMENTS (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Other Commitments [Line Items]
Liabilities recorded	$ 0	$ 0
Credit Facility [Domain]
Other Commitments [Line Items]
Guarantor obligations, maximum exposure, undiscounted	83.6
Indemnification Agreement [Member]
Other Commitments [Line Items]
Letters of credit outstanding, amount	3.2
Guarantor obligations, maximum exposure, undiscounted	282.5
Guarantee Type, Other [Member]
Other Commitments [Line Items]
Guarantor obligations, maximum exposure, undiscounted	10.9
Performance Guarantee [Member]
Other Commitments [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 51

LEASES (Details)

LEASES (Details) $ in Millions	Sep. 30, 2023 USD ($)	[1]
LEASES
Remainder of 2023	$ 12.3
2024	42.5
2025	32.1
2026	23.5
2027	16.4
Thereafter	20.6
Total lease payments	147.4
Less: imputed interest	(7.7)
Present value of lease liabilities	$ 139.7
[1] Operating lease payments reflect the Company's current fixed obligations under the operating lease agreements.

LEASES (Details 1)

LEASES (Details 1) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
LEASES
Operating lease expense	$ 12.6	$ 12.2	$ 37.6	$ 38.8
Short-term and variable lease expense	47	40.3	124.7	107.3
Total lease expense	$ 59.6	$ 52.5	$ 162.3	$ 146.1

LEASES (Details 2)

LEASES (Details 2)	Sep. 30, 2023
LEASES
Weighted- average remaining lease term (years)	4 years 4 months 24 days
Weighted- average discount rate	2.50%

LEASES (Details 3)

LEASES (Details 3) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022
LEASES
Cash paid for amounts included in the measurement of lease liabilities	[1]	$ 37.5	$ 37.9
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets:
ROU assets obtained in exchange for new operating lease liabilities		$ 83.4	$ 26.5
[1] Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows