Green Dot (GDOT) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-34819
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4766827
Entity Address, Address Line One	3465 E. Foothill Blvd.
Entity Address, City or Town	Pasadena,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91107
City Area Code	(626)
Local Phone Number	765-2000
Title of 12(b) Security	Class A Common Stock, $0.001 par value
Trading Symbol	GDOT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		53,372,108
Entity Registrant Name	GREEN DOT CORP
Entity Central Index Key	0001386278
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Unrestricted cash and cash equivalents	$ 1,931,467	$ 1,063,426
Restricted cash	5,944	2,728
Investment securities available-for-sale, at fair value	0	10,020
Settlement assets	312,401	239,222
Accounts receivable, net	46,562	59,543
Prepaid expenses and other assets	57,694	66,183
Income tax receivable	1,364	870
Total current assets	2,355,432	1,441,992
Investment securities available-for-sale, at fair value	241,534	267,419
Loans to bank customers, net of allowance for loan losses of $570 and $1,166 as of June 30, 2020 and December 31, 2019, respectively	19,551	21,417
Prepaid expenses and other assets	42,346	10,991
Property, equipment, and internal-use software, net	148,258	145,476
Operating lease right-of-use assets	23,476	26,373
Deferred expenses	6,910	16,891
Net deferred tax assets	9,097	9,037
Goodwill and intangible assets	506,117	520,994
Total assets	3,352,721	2,460,590
Current liabilities:
Accounts payable	27,351	37,876
Deposits	2,000,570	1,175,341
Obligations to customers	88,508	69,377
Settlement obligations	10,696	13,251
Amounts due to card issuing banks for overdrawn accounts	255	380
Other accrued liabilities	133,256	107,842
Operating lease liabilities	8,075	8,764
Deferred revenue	13,448	28,355
Income tax payable	20,035	3,948
Total current liabilities	2,302,194	1,445,134
Other accrued liabilities	7,547	10,883
Operating lease liabilities	20,912	24,445
Line of credit	0	35,000
Net deferred tax liabilities	17,843	17,772
Total liabilities	2,348,496	1,533,234
Commitments and contingencies (Note 17)
Stockholders’ equity:
Class A common stock, $0.001 par value; 100,000 shares authorized as of June 30, 2020 and December 31, 2019; 53,297 and 51,807 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively	53	52
Additional paid-in capital	323,083	296,224
Retained earnings	678,898	629,040
Accumulated other comprehensive income	2,191	2,040
Total stockholders’ equity	1,004,225	927,356
Total liabilities and stockholders’ equity	$ 3,352,721	$ 2,460,590

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for loan losses	$ 570	$ 1,166
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	53,297,000	51,807,000
Common stock, shares outstanding (in shares)	53,297,000	51,807,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Operating revenues:
Total operating revenues	$ 316,240	$ 278,326	$ 678,409	$ 618,840
Operating expenses:
Sales and marketing expenses	106,811	87,432	223,549	186,133
Compensation and benefits expenses	58,867	48,298	111,932	109,773
Processing expenses	71,371	49,222	142,466	100,854
Other general and administrative expenses	73,801	49,411	136,223	96,732
Total operating expenses	310,850	234,363	614,170	493,492
Operating income	5,390	43,963	64,239	125,348
Interest expense, net	443	66	684	1,670
Other income (expense), net	2,154	(99)	2,346	34
Income before income taxes	7,101	43,798	65,901	123,712
Income tax expense	3,807	9,106	15,762	24,977
Net income	$ 3,294	$ 34,692	$ 50,139	$ 98,735
Basic earnings per common share (in usd per share)	$ 0.06	$ 0.66	$ 0.95	$ 1.87
Diluted earnings per common share (in usd per share)	$ 0.06	$ 0.64	$ 0.93	$ 1.82
Basic weighted-average common shares issued and outstanding (in shares)	52,275	52,588	52,084	52,818
Diluted weighted-average common shares issued and outstanding (in shares)	53,164	53,811	52,913	54,154
Card revenues and other fees
Operating revenues	$ 152,681	$ 121,613	$ 294,075	$ 251,190
Processing and settlement service revenues
Operating revenues	65,450	67,073	188,516	174,652
Interchange revenues
Operating revenues	95,970	81,334	186,836	173,875
Interest income, net
Operating revenues	$ 2,139	$ 8,306	$ 8,982	$ 19,123

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 3,294	$ 34,692	$ 50,139	$ 98,735
Other comprehensive income
Unrealized holding (loss) gain, net of tax	(4,006)	996	151	2,162
Comprehensive (loss) income	$ (712)	$ 35,688	$ 50,290	$ 100,897

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Class A Common Stock	Additional Paid-in Capital	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income
Beginning balance (in shares) at Dec. 31, 2018			52,917
Beginning balance at Dec. 31, 2018	$ 909,812		$ 53	$ 380,753	$ 529,143		$ (137)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans, net of withholdings and related tax effects (in shares)			558
Common stock issued under stock plans, net of withholdings and related tax effects	(12,038)		$ 1	(12,039)
Stock-based compensation	23,242			23,242
Repurchase of class A common stock (in shares)			(1,666)
Repurchases of Class A common stock	(100,000)		$ (2)	(99,998)
Net income	98,735				98,735
Other comprehensive income	2,162						2,162
Ending balance (in shares) at Jun. 30, 2019			51,809
Ending balance at Jun. 30, 2019	921,913		$ 52	291,958	627,878		2,025
Beginning balance (in shares) at Dec. 31, 2018			52,917
Beginning balance at Dec. 31, 2018	909,812		$ 53	380,753	529,143		(137)
Ending balance (in shares) at Dec. 31, 2019			51,807
Ending balance at Dec. 31, 2019	$ 927,356	$ (281)	$ 52	296,224	629,040	$ (281)	2,040
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Beginning balance (in shares) at Mar. 31, 2019			53,148
Beginning balance at Mar. 31, 2019	$ 978,715		$ 53	384,447	593,186		1,029
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans, net of withholdings and related tax effects (in shares)			327
Common stock issued under stock plans, net of withholdings and related tax effects	(917)		$ 1	(918)
Stock-based compensation	8,427			8,427
Repurchase of class A common stock (in shares)			(1,666)
Repurchases of Class A common stock	(100,000)		$ (2)	(99,998)
Net income	34,692				34,692
Other comprehensive income	996						996
Ending balance (in shares) at Jun. 30, 2019			51,809
Ending balance at Jun. 30, 2019	921,913		$ 52	291,958	627,878		2,025
Beginning balance (in shares) at Dec. 31, 2019			51,807
Beginning balance at Dec. 31, 2019	927,356	$ (281)	$ 52	296,224	629,040	$ (281)	2,040
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans, net of withholdings and related tax effects (in shares)			515
Common stock issued under stock plans, net of withholdings and related tax effects	1,873			1,873
Stock-based compensation	24,987			24,987
Walmart restricted shares (in shares)			975
Walmart restricted shares	0		$ 1	(1)
Net income	50,139				50,139
Other comprehensive income	151						151
Ending balance (in shares) at Jun. 30, 2020			53,297
Ending balance at Jun. 30, 2020	$ 1,004,225		$ 53	323,083	678,898		2,191
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Beginning balance (in shares) at Mar. 31, 2020			52,854
Beginning balance at Mar. 31, 2020	$ 988,005		$ 53	306,151	675,604		6,197
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans, net of withholdings and related tax effects (in shares)			443
Common stock issued under stock plans, net of withholdings and related tax effects	3,330			3,330
Stock-based compensation	13,602			13,602
Net income	3,294				3,294
Other comprehensive income	(4,006)						(4,006)
Ending balance (in shares) at Jun. 30, 2020			53,297
Ending balance at Jun. 30, 2020	$ 1,004,225		$ 53	$ 323,083	$ 678,898		$ 2,191

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities
Net income	$ 50,139	$ 98,735
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, equipment and internal-use software	28,175	23,003
Amortization of intangible assets	14,231	16,349
Provision for uncollectible overdrawn accounts from purchase transactions	4,398	4,047
Stock-based compensation	24,987	23,242
Losses in equity method investment	2,716	0
Realized gain on sale of available-for-sale investment securities	(5,062)	0
Amortization of premium (discount) on available-for-sale investment securities	432	(224)
Amortization of deferred financing costs	84	1,124
Impairment of internal-use software	1,068	104
Changes in operating assets and liabilities:
Accounts receivable, net	8,583	8,696
Prepaid expenses and other assets	9,285	8,051
Deferred expenses	9,981	13,634
Accounts payable and other accrued liabilities	13,665	(31,207)
Deferred revenue	(15,096)	(18,799)
Income tax receivable/payable	15,407	20,929
Other, net	(1,477)	(616)
Net cash provided by operating activities	161,516	167,068
Investing activities
Purchases of available-for-sale investment securities	(208,502)	(90,216)
Proceeds from maturities of available-for-sale securities	61,717	50,354
Proceeds from sales of available-for-sale securities	187,668	101
Payments for acquisition of property and equipment	(31,395)	(37,746)
Net changes in loans	1,612	(1,296)
Investment in TailFin Labs, LLC	(35,000)	0
Other	(832)	0
Net cash used in investing activities	(24,732)	(78,803)
Financing activities
Repayments of borrowings from notes payable	0	(60,000)
Borrowings on revolving line of credit	100,000	0
Repayments on revolving line of credit	(135,000)	0
Proceeds from exercise of options and ESPP purchases	4,858	4,836
Taxes paid related to net share settlement of equity awards	(2,985)	(16,874)
Net increase in deposits	826,203	140,110
Net decrease in obligations to customers	(56,603)	(48,306)
Contingent consideration payments	(2,000)	(2,634)
Repurchase of Class A common stock	0	(100,000)
Net cash provided by (used in) financing activities	734,473	(82,868)
Net increase in unrestricted cash, cash equivalents and restricted cash	871,257	5,397
Unrestricted cash, cash equivalents and restricted cash, beginning of period	1,066,154	1,095,218
Unrestricted cash, cash equivalents and restricted cash, end of period	1,937,411	1,100,615
Cash paid for interest	759	1,604
Cash paid for income taxes	34	3,702
Total unrestricted cash, cash equivalents and restricted cash, end of period	$ 1,937,411	$ 1,100,615

Organization

Organization	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Green Dot Corporation (“we,” “our,” or “us” refer to Green Dot Corporation and its consolidated subsidiaries) is a financial technology leader and bank holding company with a mission to reinvent banking for the masses. Our company’s long-term strategy is to create a unique, sustainable and highly valuable fintech ecosystem, in part through the continued evolution of our innovative Banking as a Service (“BaaS”) platform, that’s intended to fuel the engine of innovation and growth for us and our business partners. Enabled by proprietary technology, our commercial bank charter and our high-scale program management operating capability, our vertically integrated technology and banking platform is used by a growing list of America’s most prominent consumer and technology companies to design and deploy their own bespoke financial services solutions to their customers and partners, while we use that same integrated platform for our own leading collection of banking and financial services products marketed directly to consumers through what we believe to be the most broadly distributed, omni-channel branchless banking platforms in the United States. We were incorporated in Delaware in 1999 and became a bank holding company under the Bank Holding Company Act and a member bank of the Federal Reserve System in December 2011. We are headquartered in Pasadena, California, with additional facilities throughout the United States and in Shanghai, China.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America, or GAAP. We consolidated our wholly-owned subsidiaries and eliminated all significant intercompany balances and transactions. We have also prepared the accompanying unaudited consolidated financial statements in conformity with the instructions to Form 10-Q and Article 10 of Regulation S-X and, consequently, they do not include all of the annual disclosures required by GAAP. Reference is made to our Annual Report on Form 10-K for the year ended December 31, 2019 for additional disclosures, including a summary of our significant accounting policies. There have been no material changes to our significant accounting policies during the six months ended June 30, 2020, other than the adoption of the accounting pronouncements discussed herein. In our opinion, the accompanying unaudited consolidated financial statements contain all adjustments, consisting of normal and recurring items, necessary for the fair presentation of our financial position, results of operations and cash flows for the interim periods presented. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Future events and their effects cannot be predicted with certainty; accordingly, accounting estimates require the exercise of judgment. These financial statements were prepared using information reasonably available as of June 30, 2020 and through the date of this Report. The accounting estimates used in the preparation of the Company’s consolidated financial statements may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. Actual results may differ from these estimates due to the uncertainty around the magnitude, duration and effects of the COVID-19 pandemic, as well as other factors. Recent Accounting Pronouncements Recently adopted accounting pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13") that requires financial assets measured at amortized cost be presented at the net amount expected to be collected. Credit losses on available-for-sale debt securities should be recorded through an allowance for credit losses limited by the amount that the fair value is less than amortized cost. The amendments under ASU 2016-13 eliminate the probable incurred loss recognition model under GAAP and introduce a forward-looking approach, based on expected losses, to estimate credit losses on certain types of financial instruments. The estimate of expected credit losses requires entities to incorporate considerations of historical information, current information, and reasonable and supportable forecasts. The new ASU also expands the disclosure requirements to enable users of financial statements to understand the entity’s Note 2—Summary of Significant Accounting Policies (continued) assumptions, models, and methods for estimating expected credit losses. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. We adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost. Results for periods after January 1, 2020 are presented under ASU 2016-13 while prior period amounts continue to be reported under previously applicable accounting standards. The adoption of ASU 2016-13 Most of our financial assets within the scope of ASU 2016-13 are considered highly short-term in nature and therefore, we are less susceptible to risks and uncertainty of credit losses over extended periods of time. The adoption of ASU 2016-13 did not result in any material changes to our methods for developing our allowance for credit losses, or the information we assess in developing our current estimate of expected credit losses. See Notes 4, 5 and 6 to these consolidated financial statements for additional information on our financial assets within scope of the new accounting standard. In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other ("ASU 2017-04") : Simplifying the Test for Goodwill Impairment , which simplifies the existing two-step guidance for goodwill impairment testing by eliminating the second step resulting in a write-down to goodwill equal to the initial amount of impairment determined in step one. The ASU is to be applied prospectively for reporting periods beginning after December 15, 2019. We adopted the provisions of ASU 2017-04 on January 1, 2020, the effect of which did not have a material impact on our consolidated financial statements. Recently issued accounting pronouncements not yet adopted In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes by removing certain exceptions and improves consistent application of Topic 740. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact of ASU 2019-12 on our consolidated financial statements.

Revenues

Revenues	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Disaggregation of Revenues Our products and services are offered only to customers within the United States. We determine our operating segments based on how our chief operating decision maker manages our operations, makes operating decisions and evaluates operating performance. Within our segments, we believe that the nature, amount, timing and uncertainty of our revenue and cash flows and how they are affected by economic factors can be further illustrated based on the timing in which revenue for each of our products and services is recognized. The following table disaggregates our revenues by the timing in which the revenue is recognized: Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 Account Services Processing and Settlement Services Account Services Processing and Settlement Services Timing of revenue recognition (In thousands) Transferred at a point in time $ 132,059 $ 65,450 $ 123,152 $ 67,071 Transferred over time 115,290 1,302 77,564 2,233 Operating revenues (1) $ 247,349 $ 66,752 $ 200,716 $ 69,304 Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 Account Services Processing and Settlement Services Account Services Processing and Settlement Services Timing of revenue recognition (In thousands) Transferred at a point in time $ 256,179 $ 188,516 $ 264,074 $ 174,647 Transferred over time 222,479 2,253 157,331 3,665 Operating revenues (1) $ 478,658 $ 190,769 $ 421,405 $ 178,312 Note 3—Revenues (continued) (1) Excludes net interest income, a component of total operating revenues, as it is outside the scope of ASC 606, Revenues Within our Account Services segment, revenues recognized at a point in time are comprised principally of ATM fees, interchange, and other similar transaction-based fees. Revenues recognized over time consist of new card fees, monthly maintenance fees, revenue earned from gift cards and substantially all BaaS partner program management fees. Substantially all of our processing and settlement services are recognized at a point in time. Refer to Note 19 — Segment Informatio n for our revenues disaggregated by our products and services and the components to our total operating revenues on our Consolidated Statements of Operations for additional information. Contract Balances As disclosed on our Consolidated Balance Sheets, we record deferred revenue for any upfront payments received in advance of our performance obligations being satisfied. These contract liabilities consist principally of unearned new card fees and monthly maintenance fees. We recognized approximately $8.9 million and $10.2 million in revenue for the three months ended June 30, 2020 and 2019, respectively, and $25.9 million and $31.4 million for the six months ended June 30, 2020 and 2019, respectively, that were included in deferred revenue at the beginning of the periods and did not recognize any revenue during these periods from performance obligations satisfied in previous periods. Changes in the deferred revenue balance are driven primarily by the amount of new card fees recognized during the period, and the degree to which these reductions to the deferred revenue balance are offset by the deferral of new card fees associated with cards sold during the period.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities Our available-for-sale investment securities were as follows: Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In thousands) June 30, 2020 Corporate bonds $ 10,000 $ 58 $ — $ 10,058 Agency bond securities 15,000 44 — 15,044 Agency mortgage-backed securities 189,533 2,320 (49) 191,804 Municipal bonds 4,275 143 — 4,418 Asset-backed securities 19,896 314 — 20,210 Total investment securities $ 238,704 $ 2,879 $ (49) $ 241,534 December 31, 2019 Corporate bonds $ 10,000 $ 12 $ — $ 10,012 Agency bond securities 19,980 20 — 20,000 Agency mortgage-backed securities 208,821 2,453 (241) 211,033 Municipal bonds 4,342 2 (2) 4,342 Asset-backed securities 31,814 238 — 32,052 Total investment securities $ 274,957 $ 2,725 $ (243) $ 277,439 Note 4—Investment Securities (continued) As of June 30, 2020 and December 31, 2019, the gross unrealized losses and fair values of available-for-sale investment securities that were in unrealized loss positions were as follows: Less than 12 months 12 months or more Total fair value Total unrealized loss Fair value Unrealized loss Fair value Unrealized loss (In thousands) June 30, 2020 Agency mortgage-backed securities $ 6,768 $ (45) $ 1,371 $ (4) $ 8,139 $ (49) December 31, 2019 Agency mortgage-backed securities $ 43,337 $ (153) $ 8,735 $ (88) $ 52,072 $ (241) Municipal bonds — — 113 (2) 113 (2) Total investment securities $ 43,337 $ (153) $ 8,848 $ (90) $ 52,185 $ (243) Our investments generally consist of highly rated securities, as our investment policy restricts our investments to highly liquid, low credit risk assets. We did not record any significant credit-related impairment losses during the three and six months ended June 30, 2020 or 2019 on our available-for-sale investment securities. Upon adoption of ASU 2016-13, we establish an allowance for credit losses limited by the amount that the fair value of the investment is less than its amortized cost, rather than a direct write down under previous GAAP. Any subsequent improvements in credit will be recognized in income through a reversal of the allowance established. We continue to record non-credit-related losses as a component of accumulated other comprehensive income or loss. We do not intend to sell our investments and we have determined that it is more likely than not that we will not be required to sell our investments before recovery of their amortized cost bases, which may be at maturity. For the three months ended June 30, 2020, we recorded a realized gain of approximately $5.1 million as a result of the sale of certain investment securities. The gain recognized upon sale of the investments was reclassified from accumulated other comprehensive income and is recorded as a component of other income and expenses on our consolidated statements of operations. As of June 30, 2020, the contractual maturities of our available-for-sale investment securities were as follows: Amortized cost Fair value (In thousands) Due after one year through five years 10,000 10,058 Due after five years through ten years 10,000 10,000 Due after ten years 9,275 9,462 Mortgage and asset-backed securities 209,429 212,014 Total investment securities $ 238,704 $ 241,534 The expected payments on mortgage-backed and asset-backed securities may not coincide with their contractual maturities because the issuers have the right to call or prepay certain obligations.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Accounts receivable, net consisted of the following: June 30, 2020 December 31, 2019 (In thousands) Trade receivables $ 17,141 $ 14,512 Reserve for uncollectible trade receivables (241) (202) Net trade receivables 16,900 14,310 Overdrawn cardholder balances from purchase transactions 6,615 4,327 Reserve for uncollectible overdrawn accounts from purchase transactions (5,070) (3,398) Net overdrawn cardholder balances from purchase transactions 1,545 929 Overdrawn cardholder balances from maintenance fees 3,335 2,235 Total net overdrawn account balances due from cardholders 4,880 3,164 Receivables due from card issuing banks 5,382 5,758 Fee advances, net 1,677 26,268 Other receivables 17,723 10,043 Accounts receivable, net $ 46,562 $ 59,543 Our net overdrawn account balances due from cardholders are a result of purchase transactions that we honor or maintenance fee assessments, in each case, in excess of the funds in the cardholder’s account. Reserves for overdrawn account balances from purchase transactions are subject to our recent adoption of ASU 2016-13 and are included as a component of other general and administrative expenses on our consolidated statements of operations. Overdrawn cardholder balances from maintenance fee assessments are presented net of the consideration we expect to receive under ASC 606 and are recorded as contra-revenue within card revenues and other fees. The adoption of ASU 2016-13 did not result in any material changes to our methods for developing allowances for any component within our accounts receivable. Activity in the reserve for uncollectible overdrawn accounts from purchase transactions consisted of the following: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Balance, beginning of period $ 3,680 $ 3,329 $ 3,398 $ 2,710 Provision for uncollectible overdrawn accounts from purchase transactions 3,082 1,316 4,398 4,047 Charge-offs (1,692) (2,277) (2,726) (4,389) Balance, end of period $ 5,070 $ 2,368 $ 5,070 $ 2,368

Loans to Bank Customers

Loans to Bank Customers	6 Months Ended
	Jun. 30, 2020
Loans and Leases Receivable Disclosure [Abstract]
Loans to Bank Customers	Loans to Bank Customers The following table presents total outstanding loans, gross of the related allowance for loan losses, and a summary of the related payment status: 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Total Current or Less Than 30 Days Past Due Total Outstanding (In thousands) June 30, 2020 Residential $ 125 $ — $ — $ 125 $ 3,645 $ 3,770 Commercial — — — — 1,074 1,074 Installment 2 — — 2 1,215 1,217 Secured credit card 488 435 759 1,682 12,378 14,060 Total loans $ 615 $ 435 $ 759 $ 1,809 $ 18,312 $ 20,121 Percentage of outstanding 3.1 % 2.2 % 3.8 % 9.0 % 91.0 % 100.0 % December 31, 2019 Residential $ 1 $ — $ — $ 1 $ 4,530 $ 4,531 Commercial — — — — 158 158 Installment 1 — — 1 1,246 1,247 Secured credit card 1,080 939 2,183 4,202 12,445 16,647 Total loans $ 1,082 $ 939 $ 2,183 $ 4,204 $ 18,379 $ 22,583 Percentage of outstanding 4.8 % 4.2 % 9.7 % 18.6 % 81.4 % 100.0 % Nonperforming Loans The following table presents the carrying value, gross of the related allowance for loan losses, of our nonperforming loans. See Note 2 — Summary of Significant Accounting Policies to the Consolidated Financial Statements of our Annual Report on Form 10-K for the year ended December 31, 2019 for further information on the criteria for classification as nonperforming. June 30, 2020 December 31, 2019 (In thousands) Residential $ 262 $ 290 Installment 131 147 Secured credit card 759 2,183 Total loans $ 1,152 $ 2,620 Credit Quality Indicators We closely monitor and assess the credit quality and credit risk of our loan portfolio on an ongoing basis. We continuously review and update loan risk classifications. We evaluate our loans using non-classified or classified as the primary credit quality indicator. Classified loans are those loans that have demonstrated credit weakness where we believe there is a heightened risk of principal loss, including all impaired loans. Classified loans are generally internally categorized as substandard, doubtful or loss, consistent with regulatory guidelines. Our secured credit card portfolio is collateralized by cash deposits made by each cardholder in an amount equal to the user's available credit limit, which mitigates the risk of any significant credit losses we expect to incur. The table below presents the carrying value, gross of the related allowance for loan losses, of our loans within the primary credit quality indicators related to our loan portfolio: Note 6—Loans to Bank Customers (continued) June 30, 2020 December 31, 2019 Non-Classified Classified Non-Classified Classified (In thousands) Residential $ 3,508 $ 262 $ 4,241 $ 290 Commercial 1,074 — 158 — Installment 1,062 155 1,058 189 Secured credit card 13,301 759 14,464 2,183 Total loans $ 18,945 $ 1,176 $ 19,921 $ 2,662 Impaired Loans and Troubled Debt Restructurings When, for economic or legal reasons related to a borrower’s financial difficulties, we grant a concession for other than an insignificant period of time to a borrower that we would not otherwise consider, the related loan is classified as a Troubled Debt Restructuring, or TDR. Our TDR modifications involve an extension of the maturity date at a stated interest rate lower than the current market rate for new debt with similar risk. As of June 30, 2020, none of our TDR modifications have been made in response to the COVID-19 pandemic. The following table presents our impaired loans and loans that we modified as TDRs as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Unpaid Principal Balance Carrying Value Unpaid Principal Balance Carrying Value (In thousands) Residential $ 262 $ 196 $ 290 $ 221 Installment 142 138 160 48 Allowance for Loan Losses Activity in the allowance for loan losses consisted of the following: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Balance, beginning of period $ 1,057 $ 948 $ 1,166 $ 1,144 Provision for loans 62 590 254 1,256 Loans charged off (634) (637) (1,121) (1,549) Recoveries of loans previously charged off 85 69 271 119 Balance, end of period $ 570 $ 970 $ 570 $ 970

Equity Method Investment

Equity Method Investment	6 Months Ended
	Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investment	Equity Method Investment On January 2, 2020, we effectuated our agreement with Walmart to jointly establish a new fintech accelerator under the name TailFin Labs, LLC (“TailFin Labs”), with a mission to develop innovative products, services and technologies that sit at the intersection of retail shopping and consumer financial services. The entity is majority-owned by Walmart and will focus on developing tech-enabled solutions to integrate omni-channel retail shopping and financial services. We hold a 20% ownership interest in the entity, in exchange for annual capital contributions of $35.0 million per year through January 2024. We account for our investment in TailFin Labs under the equity method of accounting in accordance with ASC 323 , Investments – Equity Method and Joint Ventures . Under the equity method of accounting, the initial investment is recorded at cost and the investment is subsequently adjusted for, among other things, its proportionate share of earnings or losses. However, given the capital structure of the TailFin Labs arrangement, we apply the Hypothetical Liquidation Book Value ("HLBV") method to determine the allocation of profits and losses since our liquidation rights and priorities, as defined by the agreement, differ from our underlying ownership interest. The HLBV method calculates the proceeds that would be attributable to each partner in an investment based on the liquidation provisions of the agreement if the partnership was to be liquidated at book value as of the balance sheet date. Each partner’s allocation of income or loss in the period is equal to the change in the amount of net equity they are legally Note 7—Equity Method Investment (continued) able to claim based on a hypothetical liquidation of the entity at the end of a reporting period compared to the beginning of that period, adjusted for any capital transactions. Any future economic benefits derived from products or services developed by TailFin Labs will be negotiated on a case-by-case basis between the parties.

Deposits

Deposits	6 Months Ended
	Jun. 30, 2020
Deposits [Abstract]
Deposits	Deposits Deposits are categorized as non-interest or interest-bearing deposits as follows: June 30, 2020 December 31, 2019 (In thousands) Non-interest bearing deposit accounts $ 1,964,690 $ 1,055,818 Interest-bearing deposit accounts Checking accounts 8,304 95,995 Savings 8,110 6,619 GPR deposits 14,576 11,892 Time deposits, denominations greater than or equal to $100 3,830 3,854 Time deposits, denominations less than $100 1,060 1,163 Total interest-bearing deposit accounts 35,880 119,523 Total deposits $ 2,000,570 $ 1,175,341 Total deposit balances have increased substantially as compared to December 31, 2019, principally as a result of stimulus funds and other government benefits received by our cardholders under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The scheduled contractual maturities for total time deposits are presented in the table below: June 30, 2020 (In thousands) Due in 2020 $ 818 Due in 2021 1,150 Due in 2022 1,484 Due in 2023 627 Due in 2024 454 Thereafter 357 Total time deposits $ 4,890

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	Debt 2019 Revolving Facility In October 2019, we entered into a secured credit agreement with Wells Fargo Bank, National Association, and other lenders party thereto. The credit facility provides for a $100.0 million five Note 9—Debt (continued) on our revolving line of credit was $35.0 million. The entire $100.0 million remains available for use under the credit facility as of June 30, 2020. At our election, loans made under the credit agreement bear interest at 1) a LIBOR rate (the “LIBOR Rate") or 2) a base rate determined by reference to the highest of (a) the United States federal funds rate plus .50%, (a) the Wells Fargo prime rate and (c) a daily rate equal to one-month LIBOR rate plus 1.0% (the “Base Rate"), plus in either case an applicable margin. The margin is dependent upon on our total leverage ratio and varies from 1.25% to 2.00% for LIBOR Rate loans and .25% to 1.00% for Base Rate loans. We also pay a commitment fee, which varies from .20% to .35% per annum on the actual daily unused portions of the 2019 Revolving Facility. Letter of credit fees are payable in respect of outstanding letters of credit at a rate per annum equal to the applicable margin for LIBOR Rate loans. The 2019 Revolving Facility contains certain affirmative and negative covenants including negative covenants that limit or restrict, among other things, liens, indebtedness, investments and acquisitions, mergers and fundamental changes, asset sales, restricted payments, changes in the nature of the business, transactions with affiliates and other matters customarily restricted in such agreements. We must also maintain a minimum fixed charge coverage ratio and a maximum consolidated leverage ratio at the end of each fiscal quarter, as set forth in the credit agreement. At June 30, 2020, we were in compliance with all such covenants. If an event of default shall occur and be continuing under the facility, the commitments may be terminated and the principal amounts outstanding under the 2019 Revolving Facility, together with all accrued unpaid interest and other amounts owing in respect thereof, may be declared immediately due and payable. Senior Credit Facility In October 2014, we entered into a $225.0 million credit agreement with Bank of America, N.A., as an administrative agent, Wells Fargo Bank, National Association, and the other lenders party thereto. The credit agreement provided for 1) a $75.0 million five five Cash interest expense related to our debt was $0.4 million for the three months ended June 30, 2020 and $0.6 million for each of the six months ended June 30, 2020 and 2019. We did not incur any cash interest expense during the three months ended June 30, 2019 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense for the six months ended June 30, 2020 and 2019 differs from the amount computed by applying the statutory federal income tax rate to income before income taxes. The sources and tax effects of the differences are as follows: Six Months Ended June 30, 2020 2019 U.S. federal statutory tax rate 21.0 % 21.0 % State income taxes, net of federal tax benefit (0.6) 1.7 General business credits (6.6) (1.5) Employee stock-based compensation 1.8 (3.7) IRC 162(m) limitation 8.1 2.4 Nondeductible expenses 0.7 0.1 Other (0.5) 0.2 Effective tax rate 23.9 % 20.2 % The effective tax rate for the six months ended June 30, 2020 and 2019 differs from the statutory federal income tax rate of 21%, primarily due to state income taxes, net of federal tax benefits, general business credits, employee stock-based compensation, and the Internal Revenue Code (IRC) 162(m) limitation on the deductibility of certain executive compensation. The increase in the effective tax rate for the six months ended June 30, 2020 as compared to the six months ended June 30, 2019 is primarily due to an increase of $2.4 million as a result of the IRC 162(m) Note 10—Income Taxes (continued) limitation on the deductibility of certain executive compensation and a $5.8 million decline in excess tax benefits from stock-based compensation. We recognized a discrete tax expense related to tax shortfalls from stock based-compensation of $1.2 million for the six months ended June 30, 2020, compared to a $4.6 million excess tax benefit for the prior year comparable period. These increases were partially offset by the impact of general business credits. On March 27, 2020, the CARES Act was signed into law, which, among other things, includes certain income tax provisions for individuals and corporations; however, these benefits do not impact our current tax provision. We have made a policy election to account for Global Intangible Low-Taxed Income ("GILTI") in the year the GILTI tax is incurred. For the six months ended June 30, 2020, the provision for GILTI tax expense was not material to our financial statements. We establish a valuation allowance when we consider it more-likely-than-not that some portion or all of the deferred tax assets will not be realized. As of June 30, 2020, we released our valuation allowance against our capital loss carryforwards, as we recognized capital gains on the sale of certain investment securities during the current period sufficient to offset our capital loss carryforward amount. Accordingly, it is more-likely-than-not that the tax benefits related to the capital loss carryforwards will be realized before they expire. As of June 30, 2019, we did not have a valuation allowance on any of our deferred tax assets as we believed it was more-likely-than-not that we would realize the benefits of our deferred tax assets. We are subject to examination by the Internal Revenue Service, or IRS, and various state tax authorities. We remain subject to examination of our federal income tax return for the years ended December 31, 2016 through 2019. We generally remain subject to examination of our various state income tax returns for a period of four to five years from the respective dates the returns were filed. During the quarter ended June 30, 2020, the IRS initiated an examination of our 2017 U.S. federal tax return. We do not expect that this examination will have a material impact on our consolidated financial statements. As of June 30, 2020, we have federal net operating loss carryforwards of approximately $31.9 million and state net operating loss carryforwards of approximately $57.9 million which will be available to offset future income. If not used, the federal net operating losses will expire between 2021 and 2035. Of our total state net operating loss carryforwards, approximately $31.7 million will expire between 2021 and 2039, while the remaining balance of approximately $26.2 million does not expire and carries forward indefinitely. The net operating losses are subject to an annual IRC Section 382 limitation, which restricts their utilization against taxable income in future periods. In addition, we have state business tax credits of approximately $16.3 million that can be carried forward indefinitely and other state business tax credits of approximately $1.1 million that will expire between 2023 and 2027. As of June 30, 2020 and December 31, 2019, we had a liability of $9.7 million and $8.3 million, respectively, for unrecognized tax benefits related to various federal and state income tax matters excluding interest, penalties and related tax benefits. The reconciliation of the beginning unrecognized tax benefits balance to the ending balance is as follows: Six Months Ended June 30, 2020 2019 (In thousands) Beginning balance $ 8,398 $ 6,965 Increases related to positions taken during prior years 235 — Increases related to positions taken during the current year 1,200 1,569 Ending balance $ 9,833 $ 8,534 The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate $ 9,660 $ 8,481 As of June 30, 2020 and 2019, we recognized accrued interest and penalties related to unrecognized tax benefits of approximately $0.7 million and $0.5 million, respectively.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Stock Repurchase Program In May 2017, our Board of Directors authorized, subject to regulatory approval, expansion of our stock repurchase program by an additional $150 million. We sought and received regulatory approval during the second quarter of 2019 and entered into an accelerated share repurchase agreement for $100 million in May 2019. In August 2019, we completed final settlement of shares purchased under this agreement, receiving in total approximately 2.1 million shares at an average repurchase price of $48.26. As of June 30, 2020, we have an authorized $50 million remaining under our current stock repurchase program for any additional repurchases. Walmart Restricted Shares On January 2, 2020, we issued Walmart, in a private placement, 975,000 restricted shares of our Class A Common Stock. The shares vest in equal monthly increments through December 1, 2022. Walmart is entitled to voting rights and participate in any dividends paid from the issuance date on the unvested balance, and therefore, the total amount of restricted shares issued are included in our total Class A shares outstanding. As of June 30, 2020, there were 812,502 unvested shares outstanding. The estimated grant-date fair value of the restricted shares is recorded as a component of stock-based compensation expense over the related period we expect to benefit under our relationship with Walmart.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation We currently grant restricted equity awards to employees, directors and non-employee consultants under our 2010 Equity Incentive Plan. Additionally, through our 2010 Employee Stock Purchase Plan, employees are able to purchase shares of our Class A common stock at a discount through payroll deductions. We have reserved shares of our Class A common stock for issuance under these plans. Restricted Stock Units The following table summarizes restricted stock units subject to only service conditions granted under our 2010 Equity Incentive Plan: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands, except per share data) Restricted stock units granted 266 53 1,500 89 Weighted-average grant-date fair value $ 38.49 $ 48.63 $ 28.62 $ 55.92 Performance-Based Restricted Stock Units We grant performance-based restricted stock units to certain employees which are subject to the attainment of pre-established annual performance targets. The actual number of shares subject to the award is determined at the end of the annual performance period and may range from 0% to 200% of the target shares granted. These awards generally contain an additional service component after each annual performance period is concluded and the unvested balance of the shares determined at the end of the annual performance period will vest over the remaining requisite service period. Compensation expense related to these awards is recognized using the accelerated attribution method over the vesting period (generally, a period of four years) based on the fair value of the closing market price of our Class A common stock on the date of the grant and the estimated performance that is expected to be achieved. The following table summarizes the performance-based restricted stock units granted under our 2010 Equity Incentive Plan: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands, except per share data) Performance-based restricted stock units granted (1) 128 627 572 883 Weighted-average grant-date fair value $ 41.84 $ 49.17 $ 32.18 $ 50.15 Note 12—Stock-Based Compensation (continued) (1) Performance awards granted also reflects, as applicable, the issuance of any shares awarded in excess of their original target amount based on the Compensation Committee's certification of completed performance years. The grant date fair value for these awards are based on the grant price at the time of the original award. Performance-Based Stock Options In connection with the recent hiring of certain executive officers, we granted performance-based stock options with a seven five The following table summarizes the performance-based stock options granted to date: Six Months Ended June 30, 2020 (In thousands, except per share data) Performance-based stock options granted 1,750 Weighted-average exercise price $ 25.70 Weighted-average grant-date fair value $ 11.48 The estimated grant-date fair value of each performance option grant was based on the following weighted-average assumptions: Six Months Ended June 30, 2020 Risk-free interest rate 0.68 % Expected term (in years) 3.18 Expected dividends — Expected volatility 53.4 % The total stock-based compensation expense recognized was $13.6 million and $8.4 million for the three months ended June 30, 2020 and 2019, respectively, and $25.0 million and $23.2 million for the six months ended June 30, 2020 and 2019, respectively. Total stock-based compensation expense includes amounts related to each of the awards discussed above and purchases made under our 2010 Employee Stock Purchase Plan, and reflects, as applicable, accelerated expense recognition associated with our retirement policy.

Earnings per Common Share

Earnings per Common Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings per Common Share	Earnings per Common Share The calculation of basic and diluted earnings per share (EPS) was as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands, except per share data) Basic earnings per Class A common share Numerator: Net income $ 3,294 $ 34,692 $ 50,139 $ 98,735 Income attributable to unvested Walmart restricted shares (52) — (828) — Net income allocated to Class A common stockholders $ 3,242 $ 34,692 $ 49,311 $ 98,735 Denominator: Weighted-average Class A shares issued and outstanding 52,275 52,588 52,084 52,818 Basic earnings per Class A common share $ 0.06 $ 0.66 $ 0.95 $ 1.87 Diluted earnings per Class A common share Numerator: Net income allocated to Class A common stockholders $ 3,242 $ 34,692 $ 49,311 $ 98,735 Re-allocated earnings 1 — 13 — Diluted net income allocated to Class A common stockholders $ 3,243 $ 34,692 $ 49,324 $ 98,735 Denominator: Weighted-average Class A shares issued and outstanding 52,275 52,588 52,084 52,818 Dilutive potential common shares: Stock options 58 131 57 150 Restricted stock units 567 456 469 586 Performance-based restricted stock units 258 630 299 592 Employee stock purchase plan 6 6 4 8 Diluted weighted-average Class A shares issued and outstanding 53,164 53,811 52,913 54,154 Diluted earnings per Class A common share $ 0.06 $ 0.64 $ 0.93 $ 1.82 The restricted shares issued to Walmart contain non-forfeitable rights to dividends and are considered participating securities for purposes of computing EPS pursuant to the two-class method. The computation above excludes income attributable to the unvested restricted shares from the numerator and excludes the dilutive impact of those underlying shares from the denominator. For the periods presented, we excluded certain restricted stock units and stock options outstanding (as applicable), which could potentially dilute basic EPS in the future, from the computation of diluted EPS as their effect was anti-dilutive. Additionally, we have excluded any performance-based restricted stock units and performance-based stock options where the performance contingency has not been met as of the end of the period. The following table shows the weighted-average number of shares excluded from the diluted EPS calculation as their effects were anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Class A common stock Options to purchase Class A common stock 795 — 772 — Restricted stock units 268 329 295 226 Performance-based restricted stock units 453 431 286 217 Unvested Walmart restricted shares 840 — 875 — Total 2,356 760 2,228 443

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Under applicable accounting guidance, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. We determine the fair values of our financial instruments based on the fair value hierarchy established under applicable accounting guidance, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs used to measure fair value. For more information regarding the fair value hierarchy and how we measure fair value, see Note 2–Summary of Significant Accounting Policies to the Consolidated Financial Statements of our Annual Report on Form 10-K for the year ended December 31, 2019. As of June 30, 2020 and December 31, 2019, our assets and liabilities carried at fair value on a recurring basis were as follows: Level 1 Level 2 Level 3 Total Fair Value June 30, 2020 (In thousands) Assets Corporate bonds $ — $ 10,058 $ — $ 10,058 Agency bond securities — 15,044 — 15,044 Agency mortgage-backed securities — 191,804 — 191,804 Municipal bonds — 4,418 — 4,418 Asset-backed securities — 20,210 — 20,210 Total assets $ — $ 241,534 $ — $ 241,534 Liabilities Contingent consideration $ — $ — $ 7,300 $ 7,300 December 31, 2019 Assets Corporate bonds $ — $ 10,012 $ — $ 10,012 Agency bond securities — 20,000 — 20,000 Agency mortgage-backed securities — 211,033 — 211,033 Municipal bonds — 4,342 — 4,342 Asset-backed securities — 32,052 — 32,052 Total assets $ — $ 277,439 $ — $ 277,439 Liabilities Contingent consideration $ — $ — $ 9,300 $ 9,300 We based the fair value of our fixed income securities held as of June 30, 2020 and December 31, 2019 on quoted prices in active markets for similar assets. We had no transfers between Level 1, Level 2 or Level 3 assets or liabilities during the three and six months ended June 30, 2020 or 2019. The following table presents changes in our contingent consideration payable for the three and six months ended June 30, 2020 and 2019, which is categorized in Level 3 of the fair value hierarchy: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Balance, beginning of period $ 8,300 $ 15,800 $ 9,300 $ 15,800 Payments of contingent consideration (1,000) (2,634) (2,000) (2,634) Balance, end of period $ 7,300 $ 13,166 $ 7,300 $ 13,166

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The following describes the valuation technique for determining the fair value of financial instruments, whether or not such instruments are carried at fair value on our consolidated balance sheets. Short-term Financial Instruments Our short-term financial instruments consist principally of unrestricted and restricted cash and cash equivalents, settlement assets and obligations, and obligations to customers . These financial instruments are short-term in nature, and, accordingly, we believe their carrying amounts approximate their fair values. Under the fair value hierarchy, these instruments are classified as Level 1. Investment Securities The fair values of investment securities have been derived using methodologies referenced in Note 2–Summary of Significant Accounting Policies to the Consolidated Financial Statements of our Annual Report on Form 10-K for the year ended December 31, 2019 . Under the fair value hierarchy, our investment securities are classified as Level 2. Loans We determined the fair values of loans by discounting both principal and interest cash flows expected to be collected using a discount rate commensurate with the risk that we believe a market participant would consider in determining fair value. Under the fair value hierarchy, our loans are classified as Level 3. Deposits The fair value of demand and interest checking deposits and savings deposits is the amount payable on demand at the reporting date. We determined the fair value of time deposits by discounting expected future cash flows using market-derived rates based on our market yields on certificates of deposit, by maturity, at the measurement date. Under the fair value hierarchy, our deposits are classified as Level 2. Contingent Consideration The fair value of contingent consideration obligations, such as the earn-out associated with our acquisition of UniRush LLC ("UniRush") in 2017, is estimated through valuation models designed to estimate the probability of such contingent payments based on various assumptions. Estimated payments are discounted using present value techniques to arrive at an estimated fair value. Our contingent consideration payable is classified as Level 3 because we use unobservable inputs to estimate fair value, including the probability of achieving certain earnings thresholds and appropriate discount rates. Changes in fair value of contingent consideration are recorded through operating expenses. Debt The fair value of our revolving line of credit is based on borrowing rates currently available to a market participant for loans with similar terms or maturity. The carrying amount of our outstanding revolving line of credit approximates fair value because the base interest rate charged varies with market conditions and the credit spread is commensurate with current market spreads for issuers of similar risk. The fair value of the revolving line of credit is classified as a Level 2 liability in the fair value hierarchy. Fair Value of Financial Instruments The carrying values and fair values of certain financial instruments that were not carried at fair value, excluding short-term financial instruments for which the carrying value approximates fair value, at June 30, 2020 and December 31, 2019 are presented in the table below. Note 15—Fair Value of Financial Instruments (continued) June 30, 2020 December 31, 2019 Carrying Value Fair Value Carrying Value Fair Value (In thousands) Financial Assets Loans to bank customers, net of allowance $ 19,551 $ 18,056 $ 21,417 $ 19,563 Financial Liabilities Deposits $ 2,000,570 $ 2,000,512 $ 1,175,341 $ 1,175,298 Line of credit $ — $ — $ 35,000 $ 35,000

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Leases We enter into operating lease agreements principally related to our corporate office locations. Currently, we do not enter into any financing lease agreements. Our leases have remaining lease terms of less than 1 year to approximately 5 years, most of which include renewal options of varying terms. We made a policy election to adopt the short term lease exemption for all leases with an initial term of 12 months or less. Significant Assumptions, Judgments and Policies Under Topic 842, we determine if an arrangement is or contains a lease at inception. Right-of-use (ROU) assets and liabilities are recognized at the lease commencement date based on the present value of remaining lease payments over the lease term. For this purpose, we consider only fixed payments stated in the leases at the time of commencement. Variable lease payments that are not based on a specified rate or index are expensed when incurred. Since an implicit interest rate for our leases cannot be determined under our contracts, we use an incremental borrowing rate based on the information available to us at the commencement date in determining the present value of our lease payments. Our incremental borrowing rate is based on a variety of considerations, including borrowing rates currently available to us for loans with similar terms and market participant information based on credit spreads for issuers of similar risk and credit rating. The ROU asset also reflects any lease payments made prior to commencement and is recorded net of any lease incentives received. Our ROU asset and liability reflects, as applicable, options to extend or terminate a lease when it is reasonably certain that we will exercise such options. We also made a policy election to combine our lease and non-lease components for each of our existing classes of leased assets. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Lease expense is recognized on a straight-line basis over the lease term. Our total lease expense amounted to approximately $2.2 million and $2.7 million for the three months ended June 30, 2020 and 2019, respectively, and $4.6 million for each of the six months ended June 30, 2020 and 2019. Our lease expense is generally based on fixed payments stated within the agreements. Any variable payments for non-lease components and other short term lease expenses are not considered material. Supplemental Information Supplemental information related to our ROU assets and related lease liabilities is as follows: June 30, 2020 Cash paid for operating lease liabilities (in thousands) $ 4,993 Weighted average remaining lease term (years) 3.7 Weighted average discount rate 4.7 % Note 16—Leases (continued) Maturities of our operating lease liabilities as of June 30, 2020 is as follows: Operating Leases (In thousands) Remainder of 2020 $ 4,871 2021 9,707 2022 8,740 2023 3,500 2024 3,464 Thereafter 1,732 32,014 Less: imputed interest (3,027) Total lease liabilities $ 28,987

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation and Claims In the ordinary course of business, we are a party to various legal proceedings, including, from time to time, actions which are asserted to be maintainable as class action suits. We review these actions on an ongoing basis to determine whether it is probable and estimable that a loss has occurred and use that information when making accrual and disclosure decisions. We have provided reserves where necessary for all claims and, based on current knowledge and in part upon the advice of legal counsel, all matters are believed to be adequately covered by insurance, or, if not covered, we do not expect the outcome in any legal proceedings, individually or collectively, to have a material adverse impact on our financial condition or results of operations. On December 18, 2019, an alleged class action entitled Koffsmon v. Green Dot Corp., et al., No. 19-cv-10701-DDP-E, was filed in the United States District Court for the Central District of California, against us and two of our officers. The suit asserts purported claims under Sections 10(b) and 20(a) of the Exchange Act for allegedly misleading statements regarding our business strategy. Plaintiff alleges that defendants made statements that were misleading because they allegedly failed to disclose details regarding our customer acquisition strategy and its impact on our financial performance. The suit is purportedly brought on behalf of purchasers of our securities between May 9, 2018 and November 7, 2019, and seeks compensatory damages, fees and costs. On February 18, 2020, a shareholder derivative suit and securities class action entitled Hellman v. Streit, et al, No. 20-cv-01572-SVW-PVC was filed in United States District Court for the Central District of California, against us and certain of our officers and directors. The suit avers purported breach of fiduciary duty and unjust enrichment claims, as well as claims under Sections 10(b), 14(a) and 20(a) of the Exchange Act, on the basis of the same wrongdoing alleged in the first lawsuit described above. The suit does not define the purported class allegedly damaged. These cases have been related. The defendants have not yet responded to the complaints in these matters. Due to the inherent uncertainties of litigation, we cannot accurately predict the ultimate outcome of this matter. We are unable at this time to determine whether the outcome of the litigation would have a material impact on our results of operations, financial condition or cash flows. Other Legal Matters We monitor the laws of all 50 states to identify state laws or regulations that apply (or may apply) to our products and services. We have obtained money transmitter licenses (or similar such licenses) where applicable, based on advice of counsel or when we have been requested to do so. If we were found to be in violation of any laws and regulations governing banking, money transmitters, electronic fund transfers, or money laundering in the United States or abroad, we could be subject to penalties or could be forced to change our business practices. From time to time we enter into contracts containing provisions that contingently require us to indemnify various parties against claims from third parties. These contracts primarily relate to: (i) contracts with our card issuing banks, under which we are responsible to them for any unrecovered overdrafts on cardholders’ accounts; (ii) certain real estate leases, under which we may be required to indemnify property owners for environmental and other liabilities, and other claims arising from our use of the premises; (iii) certain agreements with our officers, directors, Note 17—Commitments and Contingencies (continued) and employees, under which we may be required to indemnify these persons for liabilities arising out of their relationship with us; and (iv) contracts under which we may be required to indemnify our retail distributors, suppliers, vendors and other parties with whom we have contracts against claims arising from certain of our actions, omissions, violations of law and/or infringement of patents, trademarks, copyrights and/or other intellectual property rights. Generally, a maximum obligation under these contracts is not explicitly stated. Because the obligated amounts associated with these types of agreements are not explicitly stated, the overall maximum amount of the obligation cannot be reasonably estimated. With the exception of overdrafts on cardholders’ accounts, historically, we have not been required to make payments under these and similar contingent obligations, and no liabilities have been recorded for these obligations in our consolidated balance sheets. For additional information regarding overdrafts on cardholders’ accounts, refer to Note 5 — Accounts Receivable. Financial Commitments As discussed in Note 7 — Equity Method Investments , we are committed to make annual capital contributions in TailFin Labs, LLC of $35.0 million per year through January 2024. On February 28, 2017, we completed our acquisition of all the membership interests of UniRush, an online direct-to-consumer GPR card and corporate payroll card provider. The transaction terms include an earn-out equal to the greater of (i) a specified percentage of the revenue generated by the online direct-to-consumer GPR card portfolio for the five-year period following the closing or (ii) $20 million, payable quarterly over five years.

Significant Retailer Concentrat

Significant Retailer Concentrations	6 Months Ended
	Jun. 30, 2020
Risks and Uncertainties [Abstract]
Significant Retailer Concentrations	Significant Retailer Concentration A credit concentration may exist if customers are involved in similar industries, economic sectors, and geographic regions. Our retail distributors operate in similar economic sectors but diverse domestic geographic regions. The loss of a significant retail distributor could have a material adverse effect upon our card sales, profitability, and revenue growth. Revenues derived from our products sold at retail distributors constituting greater than 10% of our total operating revenues were as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Walmart 29% 35% 27% 32% Settlement assets derived from our products sold at retail distributors constituting greater than 10% of the settlement assets outstanding on our consolidated balance sheets were as follows: June 30, 2020 December 31, 2019 Walmart * 13% * Constitutes less than 10% for the period presented.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information Our operations are comprised of two reportable segments: 1) Account Services and 2) Processing and Settlement Services. We identified our reportable segments based on factors such as how we manage our operations and how our chief operating decision maker, who is our Chief Executive Officer, views results. Our chief operating decision maker organizes and manages our business primarily on the basis of product and service offerings and uses operating income to assess profitability. The Account Services segment consists of revenues and expenses derived from our deposit account programs, such as prepaid cards, debit cards, consumer and small business checking accounts, secured credit cards, payroll debit cards and gift cards. These deposit account programs are marketed under several of our leading consumer brand names and under the brand names of our BaaS partners. The Processing and Settlement Services segment consists of revenues and expenses derived from our products and services that specialize in facilitating the movement of cash on behalf of consumers and businesses, such as consumer cash processing services, wage disbursements and tax refund processing services. The Corporate and Other segment primarily consists of eliminations of intersegment revenues and expenses, unallocated corporate expenses, depreciation and amortization, and other costs that are not considered when management evaluates segment performance. We do not evaluate performance or allocate resources based on segment asset data, and therefore such information is not presented. The following tables present certain financial information for each of our reportable segments for the periods then ended: Three Months Ended June 30, 2020 Account Services Processing and Settlement Services Corporate and Other Total (In thousands) Operating revenues $ 255,766 $ 67,877 $ (7,403) $ 316,240 Operating expenses 228,723 49,669 32,458 310,850 Operating income $ 27,043 $ 18,208 $ (39,861) $ 5,390 Three Months Ended June 30, 2019 Account Services Processing and Settlement Services Corporate and Other Total (In thousands) Operating revenues $ 216,032 $ 70,040 $ (7,746) $ 278,326 Operating expenses 165,574 45,867 22,922 234,363 Operating income $ 50,458 $ 24,173 $ (30,668) $ 43,963 Six Months Ended June 30, 2020 Account Services Processing and Settlement Services Corporate and Other Total (In thousands) Operating revenues $ 501,116 $ 193,507 $ (16,214) $ 678,409 Operating expenses 440,266 116,988 56,916 614,170 Operating income $ 60,850 $ 76,519 $ (73,130) $ 64,239 Six Months Ended June 30, 2019 Account Services Processing and Settlement Services Corporate and Other Total (In thousands) Operating revenues $ 455,665 $ 180,689 $ (17,514) $ 618,840 Operating expenses 342,361 100,382 50,749 493,492 Operating income $ 113,304 $ 80,307 $ (68,263) $ 125,348

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America, or GAAP. We consolidated our wholly-owned subsidiaries and eliminated all significant intercompany balances and transactions.
Use of estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Future events and their effects cannot be predicted with certainty; accordingly, accounting estimates require the exercise of judgment. These financial statements were prepared using information reasonably available as of June 30, 2020 and through the date of this Report. The accounting estimates used in the preparation of the Company’s consolidated financial statements may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. Actual results may differ from these estimates due to the uncertainty around the magnitude, duration and effects of the COVID-19 pandemic, as well as other factors.
Recent accounting pronouncements; Recently issued accounting pronouncements not yet adopted	Recent Accounting Pronouncements Recently adopted accounting pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13") that requires financial assets measured at amortized cost be presented at the net amount expected to be collected. Credit losses on available-for-sale debt securities should be recorded through an allowance for credit losses limited by the amount that the fair value is less than amortized cost. The amendments under ASU 2016-13 eliminate the probable incurred loss recognition model under GAAP and introduce a forward-looking approach, based on expected losses, to estimate credit losses on certain types of financial instruments. The estimate of expected credit losses requires entities to incorporate considerations of historical information, current information, and reasonable and supportable forecasts. The new ASU also expands the disclosure requirements to enable users of financial statements to understand the entity’s Note 2—Summary of Significant Accounting Policies (continued) assumptions, models, and methods for estimating expected credit losses. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. We adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost. Results for periods after January 1, 2020 are presented under ASU 2016-13 while prior period amounts continue to be reported under previously applicable accounting standards. The adoption of ASU 2016-13 Most of our financial assets within the scope of ASU 2016-13 are considered highly short-term in nature and therefore, we are less susceptible to risks and uncertainty of credit losses over extended periods of time. The adoption of ASU 2016-13 did not result in any material changes to our methods for developing our allowance for credit losses, or the information we assess in developing our current estimate of expected credit losses. See Notes 4, 5 and 6 to these consolidated financial statements for additional information on our financial assets within scope of the new accounting standard. In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other ("ASU 2017-04") : Simplifying the Test for Goodwill Impairment , which simplifies the existing two-step guidance for goodwill impairment testing by eliminating the second step resulting in a write-down to goodwill equal to the initial amount of impairment determined in step one. The ASU is to be applied prospectively for reporting periods beginning after December 15, 2019. We adopted the provisions of ASU 2017-04 on January 1, 2020, the effect of which did not have a material impact on our consolidated financial statements. Recently issued accounting pronouncements not yet adopted In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes by removing certain exceptions and improves consistent application of Topic 740. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact of ASU 2019-12 on our consolidated financial statements.
Revenue from Contract with Customer	Within our Account Services segment, revenues recognized at a point in time are comprised principally of ATM fees, interchange, and other similar transaction-based fees. Revenues recognized over time consist of new card fees, monthly maintenance fees, revenue earned from gift cards and substantially all BaaS partner program management fees. Substantially all of our processing and settlement services are recognized at a point in time.
Fair value of financial instruments	Short-term Financial Instruments Our short-term financial instruments consist principally of unrestricted and restricted cash and cash equivalents, settlement assets and obligations, and obligations to customers . These financial instruments are short-term in nature, and, accordingly, we believe their carrying amounts approximate their fair values. Under the fair value hierarchy, these instruments are classified as Level 1. Investment Securities The fair values of investment securities have been derived using methodologies referenced in Note 2–Summary of Significant Accounting Policies to the Consolidated Financial Statements of our Annual Report on Form 10-K for the year ended December 31, 2019 . Under the fair value hierarchy, our investment securities are classified as Level 2. Loans We determined the fair values of loans by discounting both principal and interest cash flows expected to be collected using a discount rate commensurate with the risk that we believe a market participant would consider in determining fair value. Under the fair value hierarchy, our loans are classified as Level 3. Deposits The fair value of demand and interest checking deposits and savings deposits is the amount payable on demand at the reporting date. We determined the fair value of time deposits by discounting expected future cash flows using market-derived rates based on our market yields on certificates of deposit, by maturity, at the measurement date. Under the fair value hierarchy, our deposits are classified as Level 2. Contingent Consideration The fair value of contingent consideration obligations, such as the earn-out associated with our acquisition of UniRush LLC ("UniRush") in 2017, is estimated through valuation models designed to estimate the probability of such contingent payments based on various assumptions. Estimated payments are discounted using present value techniques to arrive at an estimated fair value. Our contingent consideration payable is classified as Level 3 because we use unobservable inputs to estimate fair value, including the probability of achieving certain earnings thresholds and appropriate discount rates. Changes in fair value of contingent consideration are recorded through operating expenses. Debt The fair value of our revolving line of credit is based on borrowing rates currently available to a market participant for loans with similar terms or maturity. The carrying amount of our outstanding revolving line of credit approximates fair value because the base interest rate charged varies with market conditions and the credit spread is commensurate with current market spreads for issuers of similar risk. The fair value of the revolving line of credit is classified as a Level 2 liability in the fair value hierarchy. Fair Value of Financial Instruments

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	The following table disaggregates our revenues by the timing in which the revenue is recognized: Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 Account Services Processing and Settlement Services Account Services Processing and Settlement Services Timing of revenue recognition (In thousands) Transferred at a point in time $ 132,059 $ 65,450 $ 123,152 $ 67,071 Transferred over time 115,290 1,302 77,564 2,233 Operating revenues (1) $ 247,349 $ 66,752 $ 200,716 $ 69,304 Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 Account Services Processing and Settlement Services Account Services Processing and Settlement Services Timing of revenue recognition (In thousands) Transferred at a point in time $ 256,179 $ 188,516 $ 264,074 $ 174,647 Transferred over time 222,479 2,253 157,331 3,665 Operating revenues (1) $ 478,658 $ 190,769 $ 421,405 $ 178,312 Note 3—Revenues (continued) (1) Excludes net interest income, a component of total operating revenues, as it is outside the scope of ASC 606, Revenues

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of available-for-sale investment securities	Our available-for-sale investment securities were as follows: Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In thousands) June 30, 2020 Corporate bonds $ 10,000 $ 58 $ — $ 10,058 Agency bond securities 15,000 44 — 15,044 Agency mortgage-backed securities 189,533 2,320 (49) 191,804 Municipal bonds 4,275 143 — 4,418 Asset-backed securities 19,896 314 — 20,210 Total investment securities $ 238,704 $ 2,879 $ (49) $ 241,534 December 31, 2019 Corporate bonds $ 10,000 $ 12 $ — $ 10,012 Agency bond securities 19,980 20 — 20,000 Agency mortgage-backed securities 208,821 2,453 (241) 211,033 Municipal bonds 4,342 2 (2) 4,342 Asset-backed securities 31,814 238 — 32,052 Total investment securities $ 274,957 $ 2,725 $ (243) $ 277,439
Schedule of available-for-sale securities, unrealized loss position	As of June 30, 2020 and December 31, 2019, the gross unrealized losses and fair values of available-for-sale investment securities that were in unrealized loss positions were as follows: Less than 12 months 12 months or more Total fair value Total unrealized loss Fair value Unrealized loss Fair value Unrealized loss (In thousands) June 30, 2020 Agency mortgage-backed securities $ 6,768 $ (45) $ 1,371 $ (4) $ 8,139 $ (49) December 31, 2019 Agency mortgage-backed securities $ 43,337 $ (153) $ 8,735 $ (88) $ 52,072 $ (241) Municipal bonds — — 113 (2) 113 (2) Total investment securities $ 43,337 $ (153) $ 8,848 $ (90) $ 52,185 $ (243)
Schedule of maturity dates for available-for-sale investment securities	As of June 30, 2020, the contractual maturities of our available-for-sale investment securities were as follows: Amortized cost Fair value (In thousands) Due after one year through five years 10,000 10,058 Due after five years through ten years 10,000 10,000 Due after ten years 9,275 9,462 Mortgage and asset-backed securities 209,429 212,014 Total investment securities $ 238,704 $ 241,534

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Schedule of accounts receivable	Accounts receivable, net consisted of the following: June 30, 2020 December 31, 2019 (In thousands) Trade receivables $ 17,141 $ 14,512 Reserve for uncollectible trade receivables (241) (202) Net trade receivables 16,900 14,310 Overdrawn cardholder balances from purchase transactions 6,615 4,327 Reserve for uncollectible overdrawn accounts from purchase transactions (5,070) (3,398) Net overdrawn cardholder balances from purchase transactions 1,545 929 Overdrawn cardholder balances from maintenance fees 3,335 2,235 Total net overdrawn account balances due from cardholders 4,880 3,164 Receivables due from card issuing banks 5,382 5,758 Fee advances, net 1,677 26,268 Other receivables 17,723 10,043 Accounts receivable, net $ 46,562 $ 59,543 Activity in the reserve for uncollectible overdrawn accounts from purchase transactions consisted of the following: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Balance, beginning of period $ 3,680 $ 3,329 $ 3,398 $ 2,710 Provision for uncollectible overdrawn accounts from purchase transactions 3,082 1,316 4,398 4,047 Charge-offs (1,692) (2,277) (2,726) (4,389) Balance, end of period $ 5,070 $ 2,368 $ 5,070 $ 2,368

Loans to Bank Customers (Tables

Loans to Bank Customers (Tables)	6 Months Ended
	Jun. 30, 2020
Loans and Leases Receivable Disclosure [Abstract]
Schedule of past due financing receivables	The following table presents total outstanding loans, gross of the related allowance for loan losses, and a summary of the related payment status: 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Total Current or Less Than 30 Days Past Due Total Outstanding (In thousands) June 30, 2020 Residential $ 125 $ — $ — $ 125 $ 3,645 $ 3,770 Commercial — — — — 1,074 1,074 Installment 2 — — 2 1,215 1,217 Secured credit card 488 435 759 1,682 12,378 14,060 Total loans $ 615 $ 435 $ 759 $ 1,809 $ 18,312 $ 20,121 Percentage of outstanding 3.1 % 2.2 % 3.8 % 9.0 % 91.0 % 100.0 % December 31, 2019 Residential $ 1 $ — $ — $ 1 $ 4,530 $ 4,531 Commercial — — — — 158 158 Installment 1 — — 1 1,246 1,247 Secured credit card 1,080 939 2,183 4,202 12,445 16,647 Total loans $ 1,082 $ 939 $ 2,183 $ 4,204 $ 18,379 $ 22,583 Percentage of outstanding 4.8 % 4.2 % 9.7 % 18.6 % 81.4 % 100.0 % The following table presents the carrying value, gross of the related allowance for loan losses, of our nonperforming loans. See Note 2 — Summary of Significant Accounting Policies to the Consolidated Financial Statements of our Annual Report on Form 10-K for the year ended December 31, 2019 for further information on the criteria for classification as nonperforming. June 30, 2020 December 31, 2019 (In thousands) Residential $ 262 $ 290 Installment 131 147 Secured credit card 759 2,183 Total loans $ 1,152 $ 2,620
Schedule of credit quality indicators related to loan portfolio	The table below presents the carrying value, gross of the related allowance for loan losses, of our loans within the primary credit quality indicators related to our loan portfolio: Note 6—Loans to Bank Customers (continued) June 30, 2020 December 31, 2019 Non-Classified Classified Non-Classified Classified (In thousands) Residential $ 3,508 $ 262 $ 4,241 $ 290 Commercial 1,074 — 158 — Installment 1,062 155 1,058 189 Secured credit card 13,301 759 14,464 2,183 Total loans $ 18,945 $ 1,176 $ 19,921 $ 2,662
Schedule of troubled debt restructurings	The following table presents our impaired loans and loans that we modified as TDRs as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Unpaid Principal Balance Carrying Value Unpaid Principal Balance Carrying Value (In thousands) Residential $ 262 $ 196 $ 290 $ 221 Installment 142 138 160 48
Schedule of allowance for loan losses	Activity in the allowance for loan losses consisted of the following: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Balance, beginning of period $ 1,057 $ 948 $ 1,166 $ 1,144 Provision for loans 62 590 254 1,256 Loans charged off (634) (637) (1,121) (1,549) Recoveries of loans previously charged off 85 69 271 119 Balance, end of period $ 570 $ 970 $ 570 $ 970

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2020
Deposits [Abstract]
Schedule of deposits	Deposits are categorized as non-interest or interest-bearing deposits as follows: June 30, 2020 December 31, 2019 (In thousands) Non-interest bearing deposit accounts $ 1,964,690 $ 1,055,818 Interest-bearing deposit accounts Checking accounts 8,304 95,995 Savings 8,110 6,619 GPR deposits 14,576 11,892 Time deposits, denominations greater than or equal to $100 3,830 3,854 Time deposits, denominations less than $100 1,060 1,163 Total interest-bearing deposit accounts 35,880 119,523 Total deposits $ 2,000,570 $ 1,175,341
Schedule of maturities for total time deposits	The scheduled contractual maturities for total time deposits are presented in the table below: June 30, 2020 (In thousands) Due in 2020 $ 818 Due in 2021 1,150 Due in 2022 1,484 Due in 2023 627 Due in 2024 454 Thereafter 357 Total time deposits $ 4,890

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Schedule of federal tax rate and actual income tax expense reconciliation	The sources and tax effects of the differences are as follows: Six Months Ended June 30, 2020 2019 U.S. federal statutory tax rate 21.0 % 21.0 % State income taxes, net of federal tax benefit (0.6) 1.7 General business credits (6.6) (1.5) Employee stock-based compensation 1.8 (3.7) IRC 162(m) limitation 8.1 2.4 Nondeductible expenses 0.7 0.1 Other (0.5) 0.2 Effective tax rate 23.9 % 20.2 %
Schedule of income tax contingencies	The reconciliation of the beginning unrecognized tax benefits balance to the ending balance is as follows: Six Months Ended June 30, 2020 2019 (In thousands) Beginning balance $ 8,398 $ 6,965 Increases related to positions taken during prior years 235 — Increases related to positions taken during the current year 1,200 1,569 Ending balance $ 9,833 $ 8,534 The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate $ 9,660 $ 8,481

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of awards	The following table summarizes restricted stock units subject to only service conditions granted under our 2010 Equity Incentive Plan: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands, except per share data) Restricted stock units granted 266 53 1,500 89 Weighted-average grant-date fair value $ 38.49 $ 48.63 $ 28.62 $ 55.92 The following table summarizes the performance-based restricted stock units granted under our 2010 Equity Incentive Plan: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands, except per share data) Performance-based restricted stock units granted (1) 128 627 572 883 Weighted-average grant-date fair value $ 41.84 $ 49.17 $ 32.18 $ 50.15 Note 12—Stock-Based Compensation (continued) (1) Performance awards granted also reflects, as applicable, the issuance of any shares awarded in excess of their original target amount based on the Compensation Committee's certification of completed performance years. The grant date fair value for these awards are based on the grant price at the time of the original award. The following table summarizes the performance-based stock options granted to date: Six Months Ended June 30, 2020 (In thousands, except per share data) Performance-based stock options granted 1,750 Weighted-average exercise price $ 25.70 Weighted-average grant-date fair value $ 11.48
Weighted-average assumptions used to estimate stock option fair value	The estimated grant-date fair value of each performance option grant was based on the following weighted-average assumptions: Six Months Ended June 30, 2020 Risk-free interest rate 0.68 % Expected term (in years) 3.18 Expected dividends — Expected volatility 53.4 %

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of basic and diluted earning per share	The calculation of basic and diluted earnings per share (EPS) was as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands, except per share data) Basic earnings per Class A common share Numerator: Net income $ 3,294 $ 34,692 $ 50,139 $ 98,735 Income attributable to unvested Walmart restricted shares (52) — (828) — Net income allocated to Class A common stockholders $ 3,242 $ 34,692 $ 49,311 $ 98,735 Denominator: Weighted-average Class A shares issued and outstanding 52,275 52,588 52,084 52,818 Basic earnings per Class A common share $ 0.06 $ 0.66 $ 0.95 $ 1.87 Diluted earnings per Class A common share Numerator: Net income allocated to Class A common stockholders $ 3,242 $ 34,692 $ 49,311 $ 98,735 Re-allocated earnings 1 — 13 — Diluted net income allocated to Class A common stockholders $ 3,243 $ 34,692 $ 49,324 $ 98,735 Denominator: Weighted-average Class A shares issued and outstanding 52,275 52,588 52,084 52,818 Dilutive potential common shares: Stock options 58 131 57 150 Restricted stock units 567 456 469 586 Performance-based restricted stock units 258 630 299 592 Employee stock purchase plan 6 6 4 8 Diluted weighted-average Class A shares issued and outstanding 53,164 53,811 52,913 54,154 Diluted earnings per Class A common share $ 0.06 $ 0.64 $ 0.93 $ 1.82
Schedule of antidilutive shares	The following table shows the weighted-average number of shares excluded from the diluted EPS calculation as their effects were anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Class A common stock Options to purchase Class A common stock 795 — 772 — Restricted stock units 268 329 295 226 Performance-based restricted stock units 453 431 286 217 Unvested Walmart restricted shares 840 — 875 — Total 2,356 760 2,228 443

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities carried at fair value	As of June 30, 2020 and December 31, 2019, our assets and liabilities carried at fair value on a recurring basis were as follows: Level 1 Level 2 Level 3 Total Fair Value June 30, 2020 (In thousands) Assets Corporate bonds $ — $ 10,058 $ — $ 10,058 Agency bond securities — 15,044 — 15,044 Agency mortgage-backed securities — 191,804 — 191,804 Municipal bonds — 4,418 — 4,418 Asset-backed securities — 20,210 — 20,210 Total assets $ — $ 241,534 $ — $ 241,534 Liabilities Contingent consideration $ — $ — $ 7,300 $ 7,300 December 31, 2019 Assets Corporate bonds $ — $ 10,012 $ — $ 10,012 Agency bond securities — 20,000 — 20,000 Agency mortgage-backed securities — 211,033 — 211,033 Municipal bonds — 4,342 — 4,342 Asset-backed securities — 32,052 — 32,052 Total assets $ — $ 277,439 $ — $ 277,439 Liabilities Contingent consideration $ — $ — $ 9,300 $ 9,300
Schedule of changes in contingent consideration payable	The following table presents changes in our contingent consideration payable for the three and six months ended June 30, 2020 and 2019, which is categorized in Level 3 of the fair value hierarchy: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Balance, beginning of period $ 8,300 $ 15,800 $ 9,300 $ 15,800 Payments of contingent consideration (1,000) (2,634) (2,000) (2,634) Balance, end of period $ 7,300 $ 13,166 $ 7,300 $ 13,166

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of assets not carried at fair value	The carrying values and fair values of certain financial instruments that were not carried at fair value, excluding short-term financial instruments for which the carrying value approximates fair value, at June 30, 2020 and December 31, 2019 are presented in the table below. Note 15—Fair Value of Financial Instruments (continued) June 30, 2020 December 31, 2019 Carrying Value Fair Value Carrying Value Fair Value (In thousands) Financial Assets Loans to bank customers, net of allowance $ 19,551 $ 18,056 $ 21,417 $ 19,563 Financial Liabilities Deposits $ 2,000,570 $ 2,000,512 $ 1,175,341 $ 1,175,298 Line of credit $ — $ — $ 35,000 $ 35,000

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Schedule of supplemental lease information	Supplemental information related to our ROU assets and related lease liabilities is as follows: June 30, 2020 Cash paid for operating lease liabilities (in thousands) $ 4,993 Weighted average remaining lease term (years) 3.7 Weighted average discount rate 4.7 %
Schedule of lease liabilities	Maturities of our operating lease liabilities as of June 30, 2020 is as follows: Operating Leases (In thousands) Remainder of 2020 $ 4,871 2021 9,707 2022 8,740 2023 3,500 2024 3,464 Thereafter 1,732 32,014 Less: imputed interest (3,027) Total lease liabilities $ 28,987

Significant Retailer Concentr_2

Significant Retailer Concentrations (Tables)	6 Months Ended
	Jun. 30, 2020
Risks and Uncertainties [Abstract]
Schedule of customer concentrations	Revenues derived from our products sold at retail distributors constituting greater than 10% of our total operating revenues were as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Walmart 29% 35% 27% 32% Settlement assets derived from our products sold at retail distributors constituting greater than 10% of the settlement assets outstanding on our consolidated balance sheets were as follows: June 30, 2020 December 31, 2019 Walmart * 13% * Constitutes less than 10% for the period presented.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of segment reporting	The following tables present certain financial information for each of our reportable segments for the periods then ended: Three Months Ended June 30, 2020 Account Services Processing and Settlement Services Corporate and Other Total (In thousands) Operating revenues $ 255,766 $ 67,877 $ (7,403) $ 316,240 Operating expenses 228,723 49,669 32,458 310,850 Operating income $ 27,043 $ 18,208 $ (39,861) $ 5,390 Three Months Ended June 30, 2019 Account Services Processing and Settlement Services Corporate and Other Total (In thousands) Operating revenues $ 216,032 $ 70,040 $ (7,746) $ 278,326 Operating expenses 165,574 45,867 22,922 234,363 Operating income $ 50,458 $ 24,173 $ (30,668) $ 43,963 Six Months Ended June 30, 2020 Account Services Processing and Settlement Services Corporate and Other Total (In thousands) Operating revenues $ 501,116 $ 193,507 $ (16,214) $ 678,409 Operating expenses 440,266 116,988 56,916 614,170 Operating income $ 60,850 $ 76,519 $ (73,130) $ 64,239 Six Months Ended June 30, 2019 Account Services Processing and Settlement Services Corporate and Other Total (In thousands) Operating revenues $ 455,665 $ 180,689 $ (17,514) $ 618,840 Operating expenses 342,361 100,382 50,749 493,492 Operating income $ 113,304 $ 80,307 $ (68,263) $ 125,348

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jan. 01, 2020
Lessee, Lease, Description [Line Items]
Retained earnings (accumulated deficit)	$ 678,898	$ 629,040
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201613Member
Cumulative Effect, Period of Adoption, Adjustment
Lessee, Lease, Description [Line Items]
Retained earnings (accumulated deficit)			$ (300)

Revenues (Details)

Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Deferred revenue, revenue recognized	$ 8,900	$ 10,200	$ 25,900	$ 31,400
Account Services
Disaggregation of Revenue [Line Items]
Operating revenues	247,349	200,716	478,658	421,405
Account Services | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Operating revenues	132,059	123,152	256,179	264,074
Account Services | Transferred over time
Disaggregation of Revenue [Line Items]
Operating revenues	115,290	77,564	222,479	157,331
Processing and Settlement Services
Disaggregation of Revenue [Line Items]
Operating revenues	66,752	69,304	190,769	178,312
Processing and Settlement Services | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Operating revenues	65,450	67,071	188,516	174,647
Processing and Settlement Services | Transferred over time
Disaggregation of Revenue [Line Items]
Operating revenues	$ 1,302	$ 2,233	$ 2,253	$ 3,665

Investment Securities - Gross G

Investment Securities - Gross Gains and Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized cost	$ 238,704	$ 274,957
Gross unrealized gains	2,879	2,725
Gross unrealized losses	(49)	(243)
Fair value	241,534	277,439
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized cost	10,000	10,000
Gross unrealized gains	58	12
Gross unrealized losses	0	0
Fair value	10,058	10,012
Agency bond securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	15,000	19,980
Gross unrealized gains	44	20
Gross unrealized losses	0	0
Fair value	15,044	20,000
Agency mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	189,533	208,821
Gross unrealized gains	2,320	2,453
Gross unrealized losses	(49)	(241)
Fair value	191,804	211,033
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Amortized cost	4,275	4,342
Gross unrealized gains	143	2
Gross unrealized losses	0	(2)
Fair value	4,418	4,342
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	19,896	31,814
Gross unrealized gains	314	238
Gross unrealized losses	0	0
Fair value	$ 20,210	$ 32,052

Investment Securities - Continu

Investment Securities - Continuous Unrealized Loss (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Fair value, less than 12 months					$ 43,337,000
Unrealized loss, less than 12 months					(153,000)
Fair value, 12 months or more					8,848,000
Unrealized loss, 12 months or more					(90,000)
Total fair value					52,185,000
Total unrealized loss					(243,000)
OTTI Loss, AFS	$ 0	$ 0	$ 0	$ 0
Sale of certain investments securities	5,100,000
Agency mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Fair value, less than 12 months	6,768,000		6,768,000		43,337,000
Unrealized loss, less than 12 months	(45,000)		(45,000)		(153,000)
Fair value, 12 months or more	1,371,000		1,371,000		8,735,000
Unrealized loss, 12 months or more	(4,000)		(4,000)		(88,000)
Total fair value	8,139,000		8,139,000		52,072,000
Total unrealized loss	$ (49,000)		$ (49,000)		(241,000)
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Fair value, less than 12 months					0
Unrealized loss, less than 12 months					0
Fair value, 12 months or more					113,000
Unrealized loss, 12 months or more					(2,000)
Total fair value					113,000
Total unrealized loss					$ (2,000)

Investment Securities - Maturit

Investment Securities - Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Amortized cost
Due after one year through five years	$ 10,000
Due after five years through ten years	10,000
Due after ten years	9,275
Mortgage and asset-backed securities	209,429
Amortized cost	238,704	$ 274,957
Fair value
Due after one year through five years	10,058
Due after five years through ten years	10,000
Due after ten years	9,462
Mortgage and asset-backed securities	212,014
Fair value	$ 241,534	$ 277,439

Accounts Receivable - Accounts

Accounts Receivable - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable current and noncurrent, net	$ 46,562		$ 59,543
Trade receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	17,141		14,512
Reserve for uncollectible overdrawn accounts	(241)		(202)
Accounts receivable current and noncurrent, net	16,900		14,310
Overdrawn cardholder balances from purchase transactions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	6,615		4,327
Reserve for uncollectible overdrawn accounts	(5,070)	$ (3,680)	(3,398)	$ (2,368)	$ (3,329)	$ (2,710)
Accounts receivable current and noncurrent, net	1,545		929
Overdrawn cardholder balances from maintenance fees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable current and noncurrent, net	3,335		2,235
Total net overdrawn account balances due from cardholders
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable current and noncurrent, net	4,880		3,164
Receivables due from card issuing banks
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable current and noncurrent, net	5,382		5,758
Fee advances, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable current and noncurrent, net	1,677		26,268
Other receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable current and noncurrent, net	$ 17,723		$ 10,043

Accounts Receivable - Reserve F

Accounts Receivable - Reserve For Uncollectible Overdrawn Accounts (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Uncollectible Overdrawn Accounts [Roll Forward]
Provision for uncollectible overdrawn accounts from purchase transactions			$ 4,398	$ 4,047
Overdrawn cardholder balances from purchase transactions
Uncollectible Overdrawn Accounts [Roll Forward]
Balance, beginning of period	$ 3,680	$ 3,329	3,398	2,710
Provision for uncollectible overdrawn accounts from purchase transactions	3,082	1,316	4,398	4,047
Charge-offs	(1,692)	(2,277)	(2,726)	(4,389)
Balance, end of period	$ 5,070	$ 2,368	$ 5,070	$ 2,368

Loans to Bank Customers - Loan

Loans to Bank Customers - Loan Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 1,809	$ 4,204
Total Current or Less Than 30 Days Past Due	18,312	18,379
Total Outstanding	$ 20,121	$ 22,583
Past Due (as a percent)	9.00%	18.60%
Total Current or Less Than 30 Days Past Due (as a percent)	91.00%	81.40%
Total Outstanding (as a percent)	100.00%	100.00%
30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 615	$ 1,082
Past Due (as a percent)	3.10%	4.80%
60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 435	$ 939
Past Due (as a percent)	2.20%	4.20%
90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 759	$ 2,183
Past Due (as a percent)	3.80%	9.70%
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 125	$ 1
Total Current or Less Than 30 Days Past Due	3,645	4,530
Total Outstanding	3,770	4,531
Residential | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	125	1
Residential | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Residential | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Total Current or Less Than 30 Days Past Due	1,074	158
Total Outstanding	1,074	158
Commercial | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Commercial | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Commercial | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2	1
Total Current or Less Than 30 Days Past Due	1,215	1,246
Total Outstanding	1,217	1,247
Installment | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2	1
Installment | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Installment | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Secured credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,682	4,202
Total Current or Less Than 30 Days Past Due	12,378	12,445
Total Outstanding	14,060	16,647
Secured credit card | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	488	1,080
Secured credit card | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	435	939
Secured credit card | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 759	$ 2,183

Loans to Bank Customers - Nonpe

Loans to Bank Customers - Nonperforming Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Nonperforming Loans [Line Items]
Nonperforming loans	$ 1,152	$ 2,620
Residential
Nonperforming Loans [Line Items]
Nonperforming loans	262	290
Installment
Nonperforming Loans [Line Items]
Nonperforming loans	131	147
Secured credit card
Nonperforming Loans [Line Items]
Nonperforming loans	$ 759	$ 2,183

Loans to Bank Customers - Credi

Loans to Bank Customers - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Outstanding Loans [Line Items]
Nonperforming loans	$ 19,551	$ 21,417
Non-Classified
Outstanding Loans [Line Items]
Nonperforming loans	18,945	19,921
Classified
Outstanding Loans [Line Items]
Nonperforming loans	1,176	2,662
Residential | Non-Classified
Outstanding Loans [Line Items]
Nonperforming loans	3,508	4,241
Residential | Classified
Outstanding Loans [Line Items]
Nonperforming loans	262	290
Commercial | Non-Classified
Outstanding Loans [Line Items]
Nonperforming loans	1,074	158
Commercial | Classified
Outstanding Loans [Line Items]
Nonperforming loans	0	0
Installment | Non-Classified
Outstanding Loans [Line Items]
Nonperforming loans	1,062	1,058
Installment | Classified
Outstanding Loans [Line Items]
Nonperforming loans	155	189
Secured credit card | Non-Classified
Outstanding Loans [Line Items]
Nonperforming loans	13,301	14,464
Secured credit card | Classified
Outstanding Loans [Line Items]
Nonperforming loans	$ 759	$ 2,183

Loans to Bank Customers - Troub

Loans to Bank Customers - Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Residential
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 262	$ 290
Carrying Value	196	221
Installment
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	142	160
Carrying Value	$ 138	$ 48

Loans to Bank Customers - Allow

Loans to Bank Customers - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Allowance for Loan Losses [Roll Forward]
Balance, beginning of period	$ 1,057	$ 948	$ 1,166	$ 1,144
Provision for loans	62	590	254	1,256
Loans charged off	(634)	(637)	(1,121)	(1,549)
Recoveries of loans previously charged off	85	69	271	119
Balance, end of period	$ 570	$ 970	$ 570	$ 970

Equity Method Investment (Detai

Equity Method Investment (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Jan. 02, 2020
Schedule of Equity Method Investments [Line Items]
Losses in equity method investment	$ 2,900,000	$ 2,716,000	$ 0
Walmart Program Agreement
Schedule of Equity Method Investments [Line Items]
Capital contributions, authorized amount				$ 35,000,000
Walmart Program Agreement | TailFin Labs
Schedule of Equity Method Investments [Line Items]
Equity interest				20.00%

Deposits - Summary of Deposits

Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Noninterest-bearing Deposit Liabilities, by Component [Abstract]
Non-interest bearing deposit accounts	$ 1,964,690	$ 1,055,818
Interest-bearing deposit accounts
Checking accounts	8,304	95,995
Savings	8,110	6,619
GPR deposits	14,576	11,892
Time deposits, denominations greater than or equal to $100	3,830	3,854
Time deposits, denominations less than $100	1,060	1,163
Total interest-bearing deposit accounts	35,880	119,523
Total deposits	$ 2,000,570	$ 1,175,341

Deposits - Contractual Maturiti

Deposits - Contractual Maturities (Details) $ in Thousands	Jun. 30, 2020USD ($)
Deposits [Abstract]
Due in 2020	$ 818
Due in 2021	1,150
Due in 2022	1,484
Due in 2023	627
Due in 2024	454
Thereafter	357
Total time deposits	$ 4,890

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	1 Months Ended			3 Months Ended		6 Months Ended
	Oct. 31, 2019	Mar. 31, 2019	Oct. 31, 2014	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Amount outstanding				$ 0		$ 0		$ 35,000,000
Repayments of notes payable						$ 0	$ 60,000,000
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Commitment fee percentage						0.20%
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Commitment fee percentage						0.35%
Revolving Credit Facility | Line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 100,000,000
Debt term (in years)	5 years
Line of Credit Facility, Remaining Borrowing Capacity				100,000,000		$ 100,000,000
Bank Of America, N.A., Wells Fargo Bank, National Association, And Other Lenders | Line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 225,000,000
Interest expense				$ 400,000	$ 0	$ 600,000	$ 600,000
Bank Of America, N.A., Wells Fargo Bank, National Association, And Other Lenders | Line of credit | Federal funds rate
Debt Instrument [Line Items]
Spread on interest rate	0.50%
Bank Of America, N.A., Wells Fargo Bank, National Association, And Other Lenders | Line of credit | Base rate
Debt Instrument [Line Items]
Spread on interest rate	1.00%
Bank Of America, N.A., Wells Fargo Bank, National Association, And Other Lenders | Secured Debt | Line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 150,000,000
Debt term (in years)			5 years
Repayments of notes payable		$ 60,000,000
Bank Of America, N.A., Wells Fargo Bank, National Association, And Other Lenders | Revolving Credit Facility | Line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 75,000,000
Debt term (in years)			5 years
Amount outstanding								$ 35,000,000
Wells Fargo Bank | Line of credit | Minimum | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Wells Fargo Bank | Line of credit | Minimum | Base rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.25%
Wells Fargo Bank | Line of credit | Maximum | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Wells Fargo Bank | Line of credit | Maximum | Base rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%

Income Taxes - Effective Tax Ra

Income Taxes - Effective Tax Rate Reconciliation (Details)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate (percent)	21.00%	21.00%
State income taxes, net of federal tax benefit	(0.60%)	1.70%
General business credits	(6.60%)	(1.50%)
Employee stock-based compensation	1.80%	(3.70%)
IRC 162(m) limitation	8.10%	2.40%
Nondeductible expenses	0.70%	0.10%
Other	(0.50%)	0.20%
Effective tax rate (percent)	23.90%	20.20%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Operating Loss Carryforwards [Line Items]
Increase (Decrease) In IRC 162(m) Limitation		$ 2,400,000
Decrease in excess tax benefit, shared-based compensation and additional expenses	$ 5,800,000
Discrete tax benefits related to excess tax benefits from stock-based compensation	1,200,000	(4,600,000)
Deferred tax assets, valuation allowance		0
Unrecognized tax benefits	9,660,000	$ 8,481,000	$ 8,300,000
Unrecognized tax benefits, income tax penalties and interest accrued	700,000		$ 500,000
Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	31,900,000
State
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	57,900,000
Operating loss carryforward, subject to expiration	31,700,000
Operating loss carryforward, not subject to expiration	26,200,000
State | Latest tax year
Operating Loss Carryforwards [Line Items]
Tax credit carryforwards	16,300,000
State | Tax year 2023-2027
Operating Loss Carryforwards [Line Items]
Tax credit carryforwards	$ 1,100,000

Income Taxes - Rollforward of U

Income Taxes - Rollforward of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Beginning balance	$ 8,398	$ 6,965
Increases related to positions taken during prior years	235	0
Increases related to positions taken during the current year	1,200	1,569
Ending balance	9,833	8,534
The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate	$ 9,660	$ 8,481	$ 8,300

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	1 Months Ended
	Aug. 31, 2019	May 31, 2019	Jun. 30, 2020	Jan. 02, 2020	Dec. 31, 2019	May 31, 2017
Class of Stock [Line Items]
Share repurchase program authorized amount						$ 150,000,000
Stock repurchased during period, value		$ 100,000,000
Treasury stock acquired (in shares)	2,100,000
Shares repurchased, average cost per share (in usd per share)	$ 48.26
Stock repurchase program, remaining authorized repurchase amount			$ 50,000,000
Common stock, shares issued (in shares)			53,297,000		51,807,000
Private Placement | Common Class A | Walmart Program Agreement
Class of Stock [Line Items]
Common stock, shares issued (in shares)				975,000
Common stock, shares issued and unvested (in shares)			812,502

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative and Grant Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock-based compensation	$ 13.6	$ 8.4	$ 25	$ 23.2
2010 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based stock options granted (in shares)			1,750
Weighted-average exercise price (in usd per share)			$ 25.70
Weighted-average grant-date fair value (in usd per share)			$ 11.48
2010 Equity Incentive Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units granted (in shares)	266	53	1,500	89
Weighted-average grant-date fair value (in usd per share)	$ 38.49	$ 48.63	$ 28.62	$ 55.92
2010 Equity Incentive Plan | Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units granted (in shares)	128	627	572	883
Weighted-average grant-date fair value (in usd per share)	$ 41.84	$ 49.17	$ 32.18	$ 50.15
Award vesting period (in years)			4 years
2010 Equity Incentive Plan | Performance-based restricted stock units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target share percentage for shares issued			0.00%
2010 Equity Incentive Plan | Performance-based restricted stock units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target share percentage for shares issued			200.00%
2010 Equity Incentive Plan- Executive Employees | Stock options | Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)			3 years
Term of award (in years)			7 years
Performance period			5 years

Stock-Based Compensation - Fair

Stock-Based Compensation - Fair Value Assumptions (Details) - Stock options - 2010 Equity Incentive Plan	6 Months Ended
	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	0.68%
Expected term (in years)	3 years 2 months 4 days
Expected dividends	0.00%
Expected volatility	53.40%

Earnings per Common Share - Bas

Earnings per Common Share - Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 3,294	$ 34,692	$ 50,139	$ 98,735
Net income allocated to Class A common stockholders	$ 3,242	$ 34,692	$ 49,311	$ 98,735
Basic weighted-average common shares issued and outstanding (in shares)	52,275	52,588	52,084	52,818
Basic earnings per common share (in usd per share)	$ 0.06	$ 0.66	$ 0.95	$ 1.87
Earnings Per Share, Diluted [Abstract]
Net income allocated to Class A common stockholders	$ 3,242	$ 34,692	$ 49,311	$ 98,735
Re-allocated earnings	1	0	13	0
Diluted net income allocated to Class A common stockholders	$ 3,243	$ 34,692	$ 49,324	$ 98,735
Basic weighted-average common shares issued and outstanding (in shares)	52,275	52,588	52,084	52,818
Diluted weighted-average Class A shares issued and outstanding (in shares)	53,164	53,811	52,913	54,154
Diluted earnings per common share (in usd per share)	$ 0.06	$ 0.64	$ 0.93	$ 1.82
Other Classes of Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income allocated to Class A common stockholders	$ (52)	$ 0	$ (828)	$ 0
Earnings Per Share, Diluted [Abstract]
Net income allocated to Class A common stockholders	(52)	0	(828)	0
Common Class A
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income allocated to Class A common stockholders	3,242	34,692	49,311	98,735
Earnings Per Share, Diluted [Abstract]
Net income allocated to Class A common stockholders	$ 3,242	$ 34,692	$ 49,311	$ 98,735
Stock options
Earnings Per Share, Diluted [Abstract]
Dilutive potential common shares (in shares)	58	131	57	150
Restricted stock units
Earnings Per Share, Diluted [Abstract]
Dilutive potential common shares (in shares)	567	456	469	586
Performance-based restricted stock units
Earnings Per Share, Diluted [Abstract]
Dilutive potential common shares (in shares)	258	630	299	592
Employee stock purchase plan
Earnings Per Share, Diluted [Abstract]
Dilutive potential common shares (in shares)	6	6	4	8

Earnings per Common Share - Ant

Earnings per Common Share - Antidilutive Shares (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Antidilutive Shares [Line Items]
Antidilutive shares (in shares)	2,356	760	2,228	443
Stock options
Antidilutive Shares [Line Items]
Antidilutive shares (in shares)	795	0	772	0
Restricted stock units
Antidilutive Shares [Line Items]
Antidilutive shares (in shares)	268	329	295	226
Performance-based restricted stock units
Antidilutive Shares [Line Items]
Antidilutive shares (in shares)	453	431	286	217
Unvested Walmart restricted shares
Antidilutive Shares [Line Items]
Antidilutive shares (in shares)	840	0	875	0

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 241,534	$ 277,439
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	10,058	10,012
Agency bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	15,044	20,000
Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	191,804	211,033
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	4,418	4,342
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	20,210	32,052
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	241,534	277,439
Contingent consideration	7,300	9,300
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Contingent consideration	0	0
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	241,534	277,439
Contingent consideration	0	0
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Contingent consideration	7,300	9,300
Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	10,058	10,012
Recurring | Corporate bonds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Recurring | Corporate bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	10,058	10,012
Recurring | Corporate bonds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Recurring | Agency bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	15,044	20,000
Recurring | Agency bond securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Recurring | Agency bond securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	15,044	20,000
Recurring | Agency bond securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Recurring | Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	191,804	211,033
Recurring | Agency mortgage-backed securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Recurring | Agency mortgage-backed securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	191,804	211,033
Recurring | Agency mortgage-backed securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Recurring | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	4,418	4,342
Recurring | Municipal bonds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Recurring | Municipal bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	4,418	4,342
Recurring | Municipal bonds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Recurring | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	20,210	32,052
Recurring | Asset-backed securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Recurring | Asset-backed securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	20,210	32,052
Recurring | Asset-backed securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 0	$ 0

Fair Value Measurements - Conti

Fair Value Measurements - Contingent Consideration Payable (Details) - Contingent consideration payable - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	$ 8,300	$ 15,800	$ 9,300	$ 15,800
Payments of contingent consideration	(1,000)	(2,634)	(2,000)	(2,634)
Balance, end of period	$ 7,300	$ 13,166	$ 7,300	$ 13,166

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans to bank customers, net of allowance	$ 19,551	$ 21,417
Deposits	2,000,570	1,175,341
Line of credit	0	35,000
Fair Value | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans to bank customers, net of allowance	18,056	19,563
Fair Value | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deposits	2,000,512	1,175,298
Line of credit	$ 0	$ 35,000

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 2.2	$ 2.7	$ 4.6	$ 4.6
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year		1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	5 years		5 years

Leases - Supplemental Informati

Leases - Supplemental Information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Leases [Abstract]
Cash paid for operating lease liabilities (in thousands)	$ 4,993
Weighted average remaining lease term (years)	3 years 8 months 12 days
Weighted average discount rate	4.70%

Leases - Maturities of Operatin

Leases - Maturities of Operating Leases (Details) $ in Thousands	Jun. 30, 2020USD ($)
Operating Leases
Remainder of 2020	$ 4,871
2021	9,707
2022	8,740
2023	3,500
2024	3,464
Thereafter	1,732
Payments due	32,014
Less: imputed interest	(3,027)
Total lease liabilities	$ 28,987

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	Feb. 28, 2017	Jun. 30, 2020	Jan. 02, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Loss contingency accrual		$ 0		$ 0
Walmart Program Agreement
Business Acquisition [Line Items]
Capital contributions, authorized amount			$ 35,000,000
UniRush, LLC
Business Acquisition [Line Items]
Contingent consideration, earn-out payable	$ 20,000,000
Contingent consideration, earn-out period	5 years

Significant Retailer Concentr_3

Significant Retailer Concentrations (Details) - Customer concentration risk - Walmart	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Percent of total operating revenues
Concentration Risk [Line Items]
Concentration risk, percentage	29.00%	35.00%	27.00%	32.00%
Settlement assets
Concentration Risk [Line Items]
Concentration risk, percentage				13.00%

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)segment	Jun. 30, 2019USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments (in segments) | segment			2
Operating revenues	$ 316,240	$ 278,326	$ 678,409	$ 618,840
Operating expenses	310,850	234,363	614,170	493,492
Operating income	5,390	43,963	64,239	125,348
Operating segments | Account Services
Segment Reporting Information [Line Items]
Operating revenues	255,766	216,032	501,116	455,665
Operating expenses	228,723	165,574	440,266	342,361
Operating income	27,043	50,458	60,850	113,304
Operating segments | Processing and Settlement Services
Segment Reporting Information [Line Items]
Operating revenues	67,877	70,040	193,507	180,689
Operating expenses	49,669	45,867	116,988	100,382
Operating income	18,208	24,173	76,519	80,307
Corporate and Other
Segment Reporting Information [Line Items]
Operating revenues	(7,403)	(7,746)	(16,214)	(17,514)
Operating expenses	32,458	22,922	56,916	50,749
Operating income	$ (39,861)	$ (30,668)	$ (73,130)	$ (68,263)