This is a great announcement to confirm that transaction processing is growing strongly. The upcoming 4C will be interesting to compare to previous quarters. I would expect that costs associated with the RADI licence will still be towards $500k for this quarter (prior to costs being transferred to NHBC)
The 2020 calendar year will be very impressive now that the RADI licence costs (highlighted in yellow) will be paid by NHBC (the banking subsidiary)... NOV will start to increase cash each QTR.
Ann: Transaction Processing Revenue Update, page-6
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