Accounts Payable and Accrued Expenses (Tables)

9 Months Ended

Sep. 30, 2013

Summary of Accounts Payable and Accrued Expenses

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

	September 30, 2013		December 31, 2012
	(unaudited)
Accounts payable	$	2,837	$	1,076
Accrued processing and disbursement costs		1,679		1,055
Accrued marketing expense		864		708
Other accrued expenses		3,794		4,311
	$	9,174	$	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, unaudited):

Balance at December 31, 2012		Additions to Expense		Losses Incurred			Balance at September 30, 2013
$	547	$	10,175	$	(10,276	)	$	446