Concentration of credit risk (Tables)

3 Months Ended

Mar. 31, 2013

Accounts Receivable

Schedule of concentrations of 10% and greater

	As of March 31, 2013		As of December 31, 2012
Customer A	23	%	26	%
Customer B (*)	14		14
Customer C	12		11
Customer D	14

(*) Customer B is a sponsoring bank for certain merchants within the Company’s payment processing services. Customer B serves as an aggregator of merchant transactions and therefore, there is a concentration risk relating to receivables. However, revenues are generated from individual merchants that individually do not exceed 10% of the Company’s revenue.

Revenue

Concentration of credit risk

Schedule of concentrations of 10% and greater

	Three months ended March 31,
	2013		2012
Customer A	20	%	23	%
Customer C	17		20

- Definition

Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

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