And therefore, they were still keeping them active cards. And so when they manage their cost well, they look and say, well, how can we not make those cards active since they have been buying anything anyway, in some case, years. So they did that. So therefore, it’s taken a while for that to catch up. As Matt said, we expect to get license revenue in the first half of next year again. Hopefully, the first quarter, it could push out to the second. But the bank card program Goldman has is really good and continues to grow really well. And we’ll get back on track with that next year, once we’re caught up with these, this sort of cleanup of cards that have gone inactive now. By the way, I added to that to your question simply because I felt like I need to make that explanation, so people don’t go with the wrong.
, there’s big program is not growing. It’s growing, it’s growing well and doing very well.
Hal Goetsch: So to summarize, there’s still growing new cards, but then there’s also an inactive card group within the whole portfolio that they’re looking to make sure they’re not paying for things that fit — to watch in the costs really closely and by taking some cards to inactive status, they trade money.
Leland Strange: Right, that’s right. But you can really think of it as almost a one-time cleanup. Now of course, you all can continuously but it was a one-time period they clean up that won’t happen again.
Hal Goetsch: Okay. And that was a Q3 event?
Matt White: Yes, that’s right.
Leland Strange: Yeah, yeah. Oh, yeah.
Hal Goetsch: Okay, okay. All right, thank you.
Leland Strange: As came into the office this morning and said, dang, it looks good, but yet, it looks so good. I mean, it looks bad. It wants us, but it looks so good. We’re fine the way we see growth going longer term here. And with longer term, we’re talking about next year, whatever. But we’ve had a couple of these things that have hit us like the ParkMobile and likely, you’ll cut in professional service revenue and then the cleanup of cards. So those are short-term things that we’re comfortable with the rest of the business sort of growing
Hal Goetsch: Yeah. Okay, great. I’ll get back in the queue. Thanks.
Matt White: Thanks, Hal.
Hal Goetsch: Thank you.
Operator: Your next question is from the line of Avi Fisher from Long Cast Advisers.
Avi Fisher: Very good morning. The 10-Q calls out expectations that 4Q will see some, at long last, possibly some marketing spend. Can you sort of offer some color around that? How much? What’s it for? Why now? What’s the appropriate expectation on a payoff from that?
Leland Strange: Well, yes, we finally have a salesperson who came from a competitor. So got experience in the business and they’ll be focus on selling financial institutions. So it will — it would not be short term. They’ll be calling on financial institutions who, in many of them, it will be like credit unions or smaller banks, who either have a credit program with someone else or want a credit program. So they’ll be looking to try to generate business through that process. Now, again. you’re free to tell me you waited too long, Leland. And I will accept that. But I certainly more than sense that the economic environment changed, I think, faster than any of us expected based on the in our resulting. That put a hold on a lot of folks, a lot of people in banking. Now I didn’t expect that. We do have it. So we recognize reality. And we now have a Vice President of Financial Institution partnerships, FI partnerships.
Avi Fisher: All right. And what you’re saying is if it’s a long-term investments, don’t expect anything in the near term on that?
Leland Strange: I would be very surprised if you get anything from that in 2024, but I would love to be surprised.
