Accounts Payable and Accrued Expenses (Tables)

3 Months Ended

Mar. 31, 2013

Summary of Accounts Payable and Accrued Expenses

The following is a summary of accounts payable and accrued expenses (in thousands):

	March 31,		December 31,
	2013		2012
	(unaudited)
Accounts payable	$	1,866	$	1,076
Accrued processing and disbursement costs		1,722		1,055
Other accrued expenses		4,354		5,019
	$	7,942	$	7,150

Reserve for Transaction Losses

Reserve for Transaction Losses

The following table summarizes the Company’s reserve for transaction losses for the following period (in thousands):

	Balance at beginning of period		Additions to Expense		Losses Incurred			Balance at end of period
March 31, 2013 (unaudited)	$	547	$	2,380	$	(2,418	)	$	509