Accounts Payable and Accrued Expenses (Tables)

9 Months Ended

Sep. 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):

	September 30,		December 31,
	2015		2014
		(unaudited)
Accounts payable	$	1,014	$	979
Accrued processing and disbursement costs		3,282		2,793
Accrued marketing expense		2,205		3,421
BlueKite Acquisition holdback liability		—		1,500
Accrued professional services		1,768		1,294
Disbursement payable		2,966		291
Accrued payroll and employee benefits		1,727		1,307
Other accrued expenses		3,003		2,948
Total accounts payable and accrued expenses	$	15,965	$	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		9,871
Losses incurred, net of recoveries		(9,741)
Balance as of September 30, 2015	$	319