Accounts Payable and Accrued Expenses (Tables)

6 Months Ended

Jun. 30, 2015

Accounts Payable and Accrued Expenses [Abstract]

Summary of Accounts Payable and Accrued Expenses

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

	June 30,		December 31,
	2015		2014
		(unaudited)
Accounts payable	$	1,965	$	979
Accrued processing and disbursement costs		2,913		2,793
Accrued marketing expense		2,402		3,421
BlueKite Acquisition holdback liability		1,500		1,500
Accrued professional services		3,144		1,294
Disbursement payable		1,391		291
Accrued payroll and employee benefits		1,824		1,307
Other accrued expenses		2,299		2,948
Total accounts payable and accrued expenses	$	17,438	$	14,533

Reserve for Transaction Losses

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

		(unaudited)
Balance as of December 31, 2014	$	189
Additions to expense		6,249
Losses incurred, net of recoveries		(6,098)
Balance as of June 30, 2015	$	340