Planet Payment 10-K 7 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Feb. 28, 2014	Jun. 28, 2013
Document and Entity Information	'	'	'
Entity Registrant Name	'Planet Payment Inc	'	'
Entity Central Index Key	'0001362925	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Public Float	'	'	$78,161,378
Entity Common Stock, Shares Outstanding	'	54,829,295	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

Consolidated_balance_sheets

Consolidated balance sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
Current assets:	'	'
Cash and cash equivalents	$6,572,468	$6,002,457
Restricted cash	3,471,023	2,517,616
Accounts receivable, net of allowances of $0.2 million and $1.5 million, as of December 31, 2013 and 2012, respectively	6,016,296	5,585,815
Prepaid expenses and other assets	1,457,660	2,395,137
Total current assets	17,517,447	16,501,025
Other assets:	'	'
Restricted cash	446,044	669,406
Property and equipment, net	2,198,640	1,396,154
Software development costs, net	4,904,415	4,776,320
Intangible assets, net	2,820,909	3,289,590
Goodwill	362,063	347,599
Security deposits and other assets	2,141,620	338,408
Total other assets	12,873,691	10,817,477
Total assets	30,391,138	27,318,502
Current liabilities:	'	'
Accounts payable	585,604	889,118
Accrued expenses	5,032,620	5,298,789
Due to merchants	3,018,900	2,546,140
Current portion of capital leases	466,010	337,588
Total current liabilities	9,103,134	9,071,635
Long-term liabilities:	'	'
Long-term portion of capital leases and deferred revenue	1,432,513	364,010
Total long-term liabilities	1,432,513	364,010
Total liabilities	10,535,647	9,435,645
Commitments and contingencies (Note 8)	'	'
Stockholders' equity:	'	'
Convertible preferred stock-10,000,000 shares authorized as of December 31, 2013 and 2012, $0.01 par value: Series A-2,243,750 issued and outstanding as of December 31, 2013 and 2012; $8,975,000 aggregate liquidation preference	22,438	22,438
Common stock-250,000,000 shares authorized as of December 31, 2013 and 2012, $0.01 par value, and 55,037,488 and 53,658,857 shares issued and outstanding as of December 31, 2013 and 2012, respectively	550,375	536,589
Additional paid-in capital	101,038,685	99,199,149
Accumulated other comprehensive income	135,231	37,925
Accumulated deficit	-81,891,238	-81,913,244
Total stockholders' equity	19,855,491	17,882,857
Total liabilities and stockholders' equity	$30,391,138	$27,318,502

Consolidated_balance_sheets_Pa

Consolidated balance sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Consolidated balance sheets	'	'
Accounts receivable, allowances (in dollars)	$200,000	$1,500,000
Series A Convertible preferred stock, shares authorized	10,000,000	10,000,000
Series A Convertible preferred stock, par value (in dollars per share)	$0.01	$0.01
Series A Convertible preferred stock, shares issued	2,243,750	2,243,750
Series A Convertible preferred stock, shares outstanding	2,243,750	2,243,750
Series A Convertible preferred stock, aggregate liquidation preference (in dollars)	$8,975,000	$8,975,000
Common stock, shares authorized	250,000,000	250,000,000
Common stock par value (in dollars per share)	$0.01	$0.01
Common stock, shares issued	55,037,488	53,658,857
Common stock, shares outstanding	55,037,488	53,658,857

Consolidated_statements_of_ope

Consolidated statements of operations (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenue:	'	'	'
Net revenue	$46,566,065	$43,578,016	$41,858,166
Cost of revenue:	'	'	'
Payment processing service fees	11,236,262	10,943,290	11,677,012
Processing and service costs	13,048,294	11,010,778	9,093,674
Total cost of revenue	24,284,556	21,954,068	20,770,686
Selling, general and administrative expenses	22,241,656	25,865,652	18,152,014
Total operating expenses	46,526,212	47,819,720	38,922,700
Income (loss) from operations	39,853	-4,241,704	2,935,466
Other income (expense):	'	'	'
Interest expense	-66,905	-55,987	-319,098
Interest income	1,038	1,236	1,582
Other income (expense), net	88,889	-8,739	98,682
Total other income (expense), net	23,022	-63,490	-218,834
Income (loss) from operations before provision for income taxes	62,875	-4,305,194	2,716,632
Provision for income taxes	-40,869	-147,111	-331,903
Net income (loss)	$22,006	($4,452,305)	$2,384,729
Basic net income (loss) per share applicable to common stockholders (in dollars per share)	$0	($0.09)	$0.04
Diluted net income (loss) per share applicable to common stockholders (in dollars per share)	$0	($0.09)	$0.04
Weighted average common stock outstanding (basic) (in shares)	52,943,203	52,187,144	49,348,033
Weighted average common stock outstanding (diluted) (in shares)	54,465,285	52,187,144	52,167,492

Consolidated_statements_of_com

Consolidated statements of comprehensive income (loss) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Consolidated statements of comprehensive income (loss)	'	'	'
Net income (loss)	$22,006	($4,452,305)	$2,384,729
Foreign currency translation adjustment	97,306	78,654	-13,129
Total comprehensive income (loss)	$119,312	($4,373,651)	$2,371,600

Consolidated_statements_of_cas

Consolidated statements of cash flows (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Cash flows from operating activities:	'		'		'
Net income (loss)	$22,006		($4,452,305)		$2,384,729
Adjustments to reconcile net income (loss) to net cash provided by operating activities:	'		'		'
Stock-based compensation expense	1,227,369		1,075,079		555,882
Depreciation and amortization expense	2,872,167		2,831,379		2,416,873
Provision for doubtful accounts	326,457		136,350		75,384
Deferred tax benefit	-583,420		-66,009		'
Disposal of property and equipment	4,979		86,388		'
Expensing of deferred IPO costs	'		2,346,210		'
Accrued insurance proceeds	'		-100,000		'
Gain on insurance settlement	-301,281		'		'
Non-cash interest expense on convertible debt	'		'		254,636
Warrant expense	'		'		14,928
Common stock issued for payment of account payable	'		'		20,000
Derecognition of note payable	'		'		-700,000
Non-cash prepayment fee on conversion of convertible debt	'		'		601,318
Changes in operating assets and liabilities net of effects of acquisitions:	'		'		'
(Increase) decrease in settlement assets	-703,407		-575,707		118,448
Increase in accounts receivables, prepaid expenses and other current assets	-657,188		-1,725,523		-1,825,403
(Increase) decrease in security deposits and other assets	-482,065		-11,575		32,051
Increase in accounts payable and accrued expenses	336,367		1,713,071		2,088,190
Increase (decrease) in due to merchants	472,760		409,076		-157,188
Other	-14,594		-65,018		-13,128
Net cash provided by operating activities	2,520,150		1,601,416		5,866,720
Cash flows from investing activities:	'		'		'
Insurance proceeds	401,281		'		'
(Increase) decrease in restricted cash	-26,638		-9,448		90,042
Purchase of property and equipment	-828,730		-269,557		-161,705
Capitalized software development	-1,443,010		-1,360,091		-1,862,653
Purchase of intangible assets	-162,181		-149,420		-78,453
Cash paid for business combination, net of cash acquired	'		-1,577,829		'
Net cash used in investing activities	-2,059,278		-3,366,345		-2,012,769
Cash flows from financing activities:	'		'		'
Proceeds from issuance of common stock	589,131		774,749		269,965
Principal payments on capital lease obligations	-479,992		-324,795		-284,682
Payment of IPO costs	'		-354,531		-1,349,770
Net cash provided by (used in) financing activities	109,139		95,423		-1,364,487
Effect of exchange rate changes on cash and cash equivalents	0	[1]	0	[1]	0	[1]
Net increase (decrease) in cash and cash equivalents	570,011		-1,669,506		2,489,464
Beginning of period	6,002,457		7,671,963		5,182,499
End of period	6,572,468		6,002,457		7,671,963
Cash paid for:	'		'		'
Interest	63,352		53,994		64,462
Income taxes	568,055		541,933		233,535
Non cash investing and financing activities:	'		'		'
Convertible debt converted to common stock	'		'		8,979,926
Common stock issued for BPS acquisition	'		1,596,862		'
Common stock issued for stock options and warrants exercised	2,273		13,335		354
Assets acquired under capital leases	728,082		530,984		349,484
Accrued capitalized hardware, software and fixed assets	27,566		'		'
Capitalized stock-based compensation	52,133		'		'
Accrued IPO costs	'		'		$301,019
[1]	For the year ended December 31, 2013, 2012 and 2011, the effect of exchange rate changes on cash and cash equivalents was inconsequential.

Consolidated_statements_of_cha

Consolidated statements of changes in convertible preferred stock and stockholders' equity (USD $)	Total	Convertible preferred stock $0.01 par value-4,000,000 shares authorized as of December 31, 2010 and 2011 and 10,000,000 shares authorized as of December 31, 2012 and 2013 Series A	Common stock $0.01 par value-70,000,000 shares authorized as of December 31, 2010 and 80,000,000 shares authorized as of December 31, 2011 and 250,000,000 shares authorized as of December 31, 2012 and 2013	Additional paid-In capital	Accumulated other comprehensive (loss) income	Accumulated deficit
Balance at Dec. 31, 2010	$5,676,710	$22,438	$460,684	$85,066,856	($27,600)	($79,845,668)
Balance (in shares) at Dec. 31, 2010	'	2,243,750	46,068,496	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Stock issued	9,855,881	'	44,848	9,811,033	'	'
Stock issued (in shares)	'	'	4,484,776	'	'	'
Restricted stock issued	9,150	'	9,150	'	'	'
Restricted stock issued (in shares)	'	'	915,000	'	'	'
Warrants exercised	'	'	286	-286	'	'
Warrants exercised (in shares)	'	'	28,560	'	'	'
Options exercised	260,815	'	2,676	258,139	'	'
Options exercised (in shares)	'	'	267,573	'	'	'
Warrant expense	14,928	'	'	14,928	'	'
Stock-based compensation expense	555,882	'	'	555,882	'	'
Cumulative translation adjustment	-13,129	'	'	'	-13,129	'
Net income (loss)	2,384,729	'	'	'	'	2,384,729
Balance at Dec. 31, 2011	18,744,966	22,438	517,644	95,706,552	-40,729	-77,460,939
Balance (in shares) at Dec. 31, 2011	'	2,243,750	51,764,405	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Stock issued	1,601,746	'	4,884	1,596,862	'	'
Stock issued (in shares)	'	'	488,337	'	'	'
Warrants exercised	'	'	9,176	-9,176	'	'
Warrants exercised (in shares)	'	'	917,602	'	'	'
Options exercised	774,749	'	4,885	769,864	'	'
Options exercised (in shares)	'	'	488,513	'	'	'
Stock-based compensation expense	1,135,047	'	'	1,135,047	'	'
Cumulative translation adjustment	78,654	'	'	'	78,654	'
Net income (loss)	-4,452,305	'	'	'	'	-4,452,305
Balance at Dec. 31, 2012	17,882,857	22,438	536,589	99,199,149	37,925	-81,913,244
Balance (in shares) at Dec. 31, 2012	'	2,243,750	53,658,857	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Restricted stock issued	-15,311	'	8,607	-23,918	'	'
Restricted stock issued (in shares)	'	'	860,739	'	'	'
Warrants exercised	'	'	2,131	-2,131	'	'
Warrants exercised (in shares)	'	'	213,123	'	'	'
Options exercised	589,131	'	3,048	586,083	'	'
Options exercised (in shares)	'	'	304,769	'	'	'
Stock-based compensation expense	1,279,502	'	'	1,279,502	'	'
Cumulative translation adjustment	97,306	'	'	'	97,306	'
Net income (loss)	22,006	'	'	'	'	22,006
Balance at Dec. 31, 2013	$19,855,491	$22,438	$550,375	$101,038,685	$135,231	($81,891,238)
Balance (in shares) at Dec. 31, 2013	'	2,243,750	55,037,488	'	'	'

Consolidated_statements_of_cha1

Consolidated statements of changes in convertible preferred stock and stockholders' equity (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 14, 2012	Dec. 31, 2011	Dec. 31, 2010
Consolidated statements of changes in convertible preferred stock and stockholders' equity	'	'	'	'	'
Series A Convertible preferred stock, par value (in dollars per share)	$0.01	$0.01	'	$0.01	$0.01
Series A Convertible preferred stock, shares authorized	10,000,000	10,000,000	10,000,000	4,000,000	4,000,000
Common stock par value (in dollars per share)	$0.01	$0.01	'	$0.01	$0.01
Common stock, shares authorized	250,000,000	250,000,000	250,000,000	80,000,000	70,000,000

Business_description_and_basis

Business description and basis of presentation	12 Months Ended
	Dec. 31, 2013
Business description and basis of presentation	'
Business description and basis of presentation	'
	1. Business description and basis of presentation
	Business description
	Planet Payment, Inc. together with its wholly owned subsidiaries ("Planet Payment," the "Company," "we," or "our") is a provider of international payment and transaction processing and multi-currency processing services. The Company provides its services to approximately 61,000 active merchant locations in 22 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through its acquiring bank and processor customers, as well as through its own direct sales force. The Company provides banks and their merchants with innovative services to accept, process and reconcile electronic payments. The Company's point-of-sale and e-commerce services are integrated within the international payment card transaction process enabling its acquiring customers to process and reconcile payment transactions in multiple currencies, geographies and channels. The Company's ATM services provide its domestic and international acquirers with additional processing capabilities to help them increase revenue and improve customer satisfaction. The Company also offers non-financial transaction processing services that allow merchants to offer a range of commercial services including pre-paid mobile phone top-up, bill payments and insurance premium payments, using the same point-of-sale devices deployed to accept payment cards. The Company is a registered third party processor with the major card associations and operates in accordance with industry standards, including the Payment Card Industry, or PCI, Security Council's Data Security Standards.
	Company structure
	Planet Payment was incorporated in the State of Delaware on October 12, 1999 as Planet Group Inc. and changed its name to Planet Payment, Inc. on June 18, 2007.
	Since March 20, 2006, shares of the Company's common stock have traded on the AIM of the London Stock Exchange under the symbol "PPT". From March 2006 until June 2013 shares of our common stock were also traded on AIM under the symbol "PPTR." From November 19, 2008 until December 14, 2012, shares of our common stock were traded on the OTCQX under the symbol "PLPM." On December 17, 2012 shares of our common stock began trading on NASDAQ under the symbol "PLPM."
	Basis of presentation
	The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP").
	The accompanying consolidated financial statements include the accounts of Planet Payment, Inc. and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated.
	The Company combined the equity classification line item "Warrants" (previously presented separately) with additional paid-in capital on the consolidated balance sheets as of December 31, 2013 and 2012.

Summary_of_significant_account

Summary of significant accounting policies	12 Months Ended
	Dec. 31, 2013
Summary of significant accounting policies	'
Summary of significant accounting policies	'
	2. Summary of significant accounting policies
	Use of estimates
	The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates.
	On an on-going basis, the Company evaluates its estimates, including those related to the accounts receivable allowance, recoverability of goodwill, intangibles and other long-lived assets, and other assets and liabilities; the useful lives of intangible assets, property and equipment, capitalized software development costs; assumptions used to calculate stock-based compensation expense including volatility, expected life and forfeiture rate; and income taxes (including recoverability of deferred taxes), among others. The Company bases its estimates on historical experience and on other various assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
	Revenue recognition
	The Company derives revenue principally through fees earned under fixed contractual arrangements with customers who use our international payment and multi-currency processing services. The Company has two revenue streams:
	Multi-currency processing services revenue
	Multi-currency processing services revenue is the foreign currency transaction fee earned on processing and converting of a credit or debit card transaction from one currency into another currency. Multi-currency transaction processing services revenue is recognized upon settlement of the transaction.
	Payment processing services revenue
	The Company follows the requirements of Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") topic 605-45 Revenue Recognition—Principal Agent Consideration, in determining its payment processing services revenue reporting. Generally, where the Company has merchant portability, credit risk and ultimate responsibility for the merchant, revenue is reported at the time of settlement on a gross basis equal to the full amount of the discount charged to the merchant. This amount may include interchange paid to card issuing banks and assessments paid to payment card associations.
	Payment processing services revenue is transaction based and priced either as a fixed fee per transaction or calculated based on a percentage of the transaction value. The fees are charged for processing services provided in facilitating the sale of goods and services by means of credit, debit and prepaid cards and other electronic payments and do not include the gross sales price paid by the ultimate buyer. Payment processing services revenue is recognized upon settlement of the transaction.
	Our revenue is presented net of a provision for sales credits, which is estimated based on historical results and established in the period in which services are provided. As of the periods presented, there were no such provisions.
	Cash and cash equivalents
	Cash and cash equivalents consist of cash and highly liquid investments purchased with original maturity of three months or less.
	Restricted cash
	Restricted cash is primarily held by either processing partners where the Company holds a share of underwriting risk and for other potential liabilities under processing or by the Company on behalf of an automated clearing house, or ACH, transaction processing customer. The long-term portion of restricted cash is contractually required to be held by some of the Company's processing partners and will remain restricted as long as the associated contracts are effective. As such, the Company classifies these portions as long-term.
	Translation of non-U.S. currencies
	The translation of assets and liabilities denominated in foreign currency into U.S. Dollars is made at the prevailing rate of exchange at the balance sheet date. Revenue and expenses are translated at the average exchange rates during the period. Translation adjustments are reflected in accumulated other comprehensive income (loss) on our consolidated balance sheets, while gains and losses resulting from foreign currency transactions are included in our consolidated statements of operations. Amounts resulting from foreign currency transactions included in our statement of operations were $0.1 million for the year ended December 31, 2013 and were not material for the two years ended December 31, 2012.
	Allowance for doubtful accounts
	The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of our customers to make payments due to the Company. The amount of the allowance is based on historical experience and our analysis of the accounts receivable balance outstanding. While credit losses have historically been within the Company's expectations and the provisions established, the Company cannot guarantee that it will continue to experience the same credit loss rates that it has in the past. If the financial condition of our customers were to deteriorate, resulting in their inability to make payments, additional allowances may be required which would result in an additional expense in the period that this determination was made. As of December 31, 2013 and 2012, the Company has included an allowance for doubtful accounts of approximately $0.2 million and $1.5 million, respectively. As of December 31, 2013 the Company wrote-off a previously fully reserved trade receivable in the amount of $1.4 million.
	Property, equipment and depreciation
	Property and equipment are stated at cost less accumulated depreciation, which is provided for by charges to income over the estimated useful lives of the assets using the straight-line method. Maintenance and repairs, which do not improve or extend the useful life of the respective asset, are charged to operating expenses as incurred. Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount, less proceeds from disposal, is charged or credited to income.
	Software development costs and amortization
	The Company capitalizes costs of materials, consultants and payroll and payroll-related costs incurred by employees involved in developing internal use computer software during the application development stage. Costs incurred during the preliminary project and post-implementation stages are charged to processing and service costs, which are included in cost of revenue as incurred. Software development costs are amortized to processing and service costs, which are included in cost of revenue on a straight-line basis over estimated useful lives of approximately three to five years. The Company performs periodic reviews to ensure that unamortized software costs remain recoverable from future cash flows. Capitalized software development costs, net, were $4.9 million and $4.8 million as of December 31, 2013 and 2012, respectively. Amortization expense totaled $1.6 million, $1.7 million and $1.5 million for the years ended December 31, 2013, 2012 and 2011, respectively.
	Goodwill, intangibles and long-lived assets
	The Company records as goodwill the excess of purchase price over the fair value of the tangible and identifiable intangible assets acquired. Other acquired intangible assets, which primarily include identifiable acquired technology, are being amortized on a straight-line basis over five years, which approximates the pattern in which the assets are expected to be utilized, over their estimated useful lives.
	The Company performs reviews to determine if the carrying value of its goodwill is impaired. The Company reviews goodwill for impairment at least annually during the fourth quarter, or more frequently if an event occurs indicating the potential for impairment. The Company reviews goodwill for impairment utilizing either a qualitative assessment or a two-step process. If the Company decides that it is appropriate to perform a qualitative assessment and conclude that the fair value of a reporting unit more likely than not exceeds its carrying value, no further evaluation is necessary. For reporting units where the Company performs the two-step process, the first step requires us to estimate the fair value of each reporting unit and compare that fair value to the respective carrying value, which includes goodwill. If the fair value of the reporting unit exceeds its carrying value, the goodwill is not considered impaired and no further evaluation is necessary. If the carrying value is higher than the estimated fair value, there is an indication that impairment may exist and the second step is required. In the second step, the implied fair value of goodwill is calculated as the excess of the fair value of a reporting unit over the fair values assigned to its assets and liabilities. If the implied fair value of goodwill is less than the carrying value of the reporting unit's goodwill, the difference is recognized as an impairment charge.
	For reporting units where the Company decides to perform a qualitative assessment, management assesses and makes judgments regarding a variety of factors which potentially impact the fair value of a reporting unit, including general economic conditions, industry and market-specific conditions, customer behavior, cost factors, our financial performance and trends, our strategies and business plans, capital requirements, management and personnel issues, and the Company's stock price, among others. Management then considers the totality of these and other factors, placing more weight on the events and circumstances that are judged to most affect a reporting unit's fair value or the carrying amount of its net assets, to reach a qualitative conclusion regarding whether it is more likely than not that the fair value of a reporting unit exceeds its carrying amount.
	For reporting units where the Company performs the two-step process, it may utilize a combination of the following approaches to assess fair value: (a) an income based approach, using projected discounted cash flows, (b) a market based approach, using multiples of comparable companies, and (c) a transaction based approach, using multiples for recent acquisitions of similar businesses made in the marketplace.
	The Company's estimate of fair value of each reporting unit may be based on a number of subjective factors, including: (a) appropriate consideration of valuation approaches (income approach, comparable public company approach, and comparable transaction approach), (b) estimates of future cost structure, (c) discount rates for estimated cash flows, (d) selection of peer group companies for the public company and the market transaction approaches, (e) required levels of working capital, (f) assumed terminal value, and (g) time horizon of cash flow forecasts.
	The entire goodwill balance as of December 31, 2013 is attributable to the acquisition of Branded Payment Solutions Ltd (BPS). The Company did not record any impairment of goodwill for the three years ended December 31, 2013, 2012 and 2011.
	The Company evaluates long-lived assets, including property and equipment, capitalized software and finite-lived intangible assets for potential impairment on an individual asset basis or at the lowest level asset grouping for which cash flows can be separately identified. Long-lived asset impairments are assessed whenever changes in circumstances could indicate that the carrying amounts of those productive assets exceed their projected undiscounted cash flows. When it is determined that impairment exists, the related asset group is written down to its estimated fair market value. The determination of future cash flows and the estimated fair value of long-lived assets, involve significant estimates on the part of management. In order to estimate the fair value of a long-lived asset, the Company may engage a third party to assist with the valuation. The Company did not record any impairment of long-lived assets for the years ended December 31, 2013, 2012 and 2011.
	The Company's process for assessing potential triggering events may include, but is not limited to, analysis of the following:
	•
	any sustained decline in the Company's stock price below book value;
	•
	results of the Company's goodwill impairment test;
	•
	sales and operating trends affecting products and groupings;
	•
	the impact of current and future operating results;
	•
	any losses of key acquired customer relationships; and
	•
	changes to or obsolescence of acquired technology, data, and trademarks.
	The Company also evaluates the remaining useful life of its long-lived assets on a periodic basis to determine whether events or circumstances warrant a revision to the remaining estimated amortization period.
	Deferred initial public offering ("IPO") costs
	In connection with the preparation of the financial statements as of and for the periods ended September 30, 2012, the Company determined that it was likely that its IPO would be postponed for a period in excess of 90 days and as a result deemed it to be an aborted offering in accordance with the guidance set forth in ASC 340-10-S99-1. During the three months ending September 30, 2012, the Company expensed previously deferred IPO costs of $2.3 million associated with our registration statement on Form S-1 as well as any IPO costs incurred in the third quarter to selling, general and administrative expenses. The total amount of the third quarter 2012 expense was $2.6 million.
	Due to merchants
	Due to merchants represents funds collected on behalf of all the Company's acquired merchants using the iPAY gateway ACH product or funds collected on behalf of directly acquired merchants as security deposits. The ACH funds are generally held for an average of three days before payment to the merchant.
	Income taxes
	The Company accounts for income taxes on the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequence attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in results of operations in the period during which the tax change occurs. The Company's operations are conducted in various geographies with different tax rates. As the Company's operations evolve this may impact the Company's future effective tax rate.
	The Company assesses whether it is necessary to establish a valuation allowance to reduce the deferred tax assets if it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company's process includes evaluating both positive (for example, sources of taxable income) and negative (for example, historical losses) evidence and determining whether it is more likely than not that the deferred tax assets will not be realized.
	ASC topic 740-10, Income Taxes, prescribes a comprehensive model for how companies should recognize, measure, present, and disclose uncertain tax positions taken or expected to be taken on a tax return. The company shall initially and subsequently measure such tax positions as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and all relevant facts. The Company has reviewed and evaluated the relevant technical merits of each of its tax positions, for all periods presented, and determined that there are no uncertain tax positions that would have a material impact on the financial statements of the Company.
	Concentration of credit risk
	The Company's assets that are exposed to concentrations of credit risk consist primarily of cash, cash equivalents, restricted cash and receivables from clients. The Company places its cash, cash equivalents, and restricted cash with financial banking institutions that are insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000. The Company also maintains cash balances at foreign banking institutions, which are not insured by the FDIC. As of December 31, 2013 and 2012, the Company's uninsured cash balances totaled $5.8 million and $5.3 million, respectively.
	The Company maintains an allowance for uncollectible accounts receivable based on expected collectability and perform ongoing credit evaluations of customers' financial condition.
	The Company's accounts receivable concentrations of 10% and greater are as follows:
		As of
		December 31,
		2013			2012
	Customer A		22	%		26	%
	Customer B*		**			14
Customer C		13			11
Customer D*		12			**
*
Customers B and D are sponsoring banks for certain merchants within the Company's payment processing services. Customers B and D serve 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.
**
Less than 10% accounts receivable concentration.
The Company's revenue concentrations of 10% and greater are as follows:
	Year ended
	December 31,
	2013			2012			2011
Customer A		21	%		23	%		28	%
Customer C		12			17			12
Net income (loss) per share
The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share ("ASC topic 260"). Under ASC topic 260, securities that contain rights to receive non-forfeitable dividends (whether paid or unpaid) are participating securities and should be included in the two-class method of computing earnings per share. The Company's preferred stockholders are entitled to participate in dividends and earnings when, and if, dividends are declared on the common stock. As such, the Company calculates net income (loss) per share using the two-class method. The two-class method is an earnings formula that treats a participating security as having rights to dividends that otherwise would have been available to common and preferred stockholders based on their respective rights to receive dividends. Losses are not allocated to the preferred stockholders for computing net loss per share under the two-class method because the preferred stockholders do not have contractual obligations to share in the losses of the Company.
Basic earnings per share is calculated by dividing net income (loss), adjusted for amounts allocated to participating securities under the two-class method, if applicable, by the weighted average number of common stock outstanding during the period.
Diluted earnings per share is calculated by dividing net income (loss) by the weighted average number of shares of the Company's common stock outstanding, assuming dilution, during the period. The diluted earnings per share calculation assumes (i) all stock options and warrants which are in the money are exercised at the beginning of the period and (ii) each issue or series of issues of potential common stock are considered in sequence from the most dilutive to the least dilutive. That is, dilutive potential common stock with the lowest "earnings add-back per incremental share" shall be included in dilutive earnings per share before those with higher earnings add back per incremental share.
The following table sets forth the computation of basic and diluted net income (loss) per share:
	Year ended December 31,
	2013			2012			2011
Numerator:
Net income (loss)	$	22,006		$	(4,452,305	)	$	2,384,729
Amounts allocated to participating preferred stockholders under the two-class method		(2,507	)		—			(283,154	)
Net income (loss) applicable to common stockholders (basic and dilutive)	$	19,499		$	(4,452,305	)	$	2,101,575
Denominator:
Weighted average common stock outstanding (basic)		52,943,203			52,187,144			49,348,033
Common equivalent shares from options and warrants to purchase common stock		1,522,082			—			2,819,459
Weighted average common stock outstanding (diluted)(1)		54,465,285			52,187,144			52,167,492
Basic net income (loss) per share applicable to common stockholders	$	0		$	(0.09	)	$	0.04
Diluted net income (loss) per share applicable to common stockholders(1)	$	0		$	(0.09	)	$	0.04
-1
In accordance with ASC 260-10-45-48 for the year ended December 31, 2013, 2012 and 2011, the Company has excluded 1.6 million, 0.9 million and 0.9 million, respectively, contingently issued restricted shares from diluted weighted average common stock outstanding as the contingencies (a) have not been satisfied at the reporting date nor (b) would have been satisfied if the reporting date was at the end of the contingency period.
The following table sets forth the weighted securities outstanding that have been excluded from the diluted net income (loss) per share calculation because the effect would have been anti-dilutive:
	Year ended December 31,
	2013			2012			2011
Stock options		2,458,471			8,528,816			170,543
Warrants		85,629			2,055,722			182,539
Convertible debt(1)		—			—			1,316,071
Convertible preferred stock(1)		6,851,144			6,851,144			6,851,144
Total antidilutive securities		9,395,244			17,435,682			8,520,297
-1
Diluted net income per share increases when the convertible debt and convertible preferred stock are included in the required sequence in the diluted earnings per share computation. As such both the convertible debt and convertible preferred stock are excluded from the computation of diluted earnings per share for the years ended December 31, 2013, 2012 and 2011. In April 2011, the convertible debt holders converted their entire holdings.
Stock-based compensation expense and assumptions
During the year ended December 31, 2013, 0.9 million stock options with a fair value of $1.0 million were granted to certain employees of the Company. The actual number of shares that will be issued upon exercise of options is subject to the achievement of vesting conditions.
During the year ended December 31, 2013, 0.9 million restricted stock awards with an award fair value of $1.9 million were granted to certain employees and members of the Company's Board of Directors. The actual number of vested shares is subject to the achievement of certain performance targets and/or other vesting conditions.
Refer to sub-section "Long-term incentive restricted stock agreements assumptions and vesting requirements" for information regarding a separate award granted to Carl Williams at the time he was appointed President of the Company on November 15, 2013.
Stock-based compensation expense is measured at the grant date based on fair value and recognized as an expense over the requisite service period, net of an estimated forfeiture rate.
The following summarizes stock-based compensation expense recognized by income statement classification:
	Year ended December 31,
	2013			2012			2011
Processing and service costs	$	238,101		$	262,775		$	135,444
Selling, general and administrative expenses		989,268			872,272			435,366
Total stock-based compensation expense	$	1,227,369		$	1,135,047		$	570,810
The following summarizes stock-based compensation expense recognized by type:
	Year ended December 31,
	2013			2012			2011
Stock options	$	983,810		$	1,135,047		$	555,882
Restricted stock awards		243,559			—			—
Warrants		—			—			14,928
Total stock-based compensation expense	$	1,227,369		$	1,135,047		$	570,810
For the years ended December 31, 2013 and 2012, stock-based compensation expense included $0.1 million of capitalized stock-based compensation. Capitalized stock-based compensation for 2011 was immaterial.
A summary of the unamortized stock-based compensation expense and associated weighted average remaining amortization periods is presented below:
	As of						As of
	December 31, 2013						December 31, 2012
	Unamortized			Weighted			Unamortized			Weighted
	stock-based			average remaining			stock-based			average remaining
	compensation			amortization period			compensation			amortization period
	expense			(in years)			expense			(in years)
Stock options	$	1,263,133			1.79		$	1,383,725			1.8
Restricted stock awards		1,624,187			2.05			—			—
Stock-based compensation expense assumptions and vesting requirements
Determining the appropriate fair value model and calculating the fair value of stock-based awards require the input of highly subjective assumptions, including the expected life, expected stock price volatility, and the number of expected stock-based awards that will be forfeited prior to the completion of the vesting requirements. The Company uses the Black-Scholes Option Pricing Model and binomial lattice-based valuation pricing models to value its stock-based awards.
Expected life
Due to the Company's limited public company history, the expected life for the Company's stock-based awards granted was determined based on the "simplified" method under the provisions of ASC 718-10, Compensation—Stock Compensation.
Expected stock price volatility
Due to the Company's limited public company history, expected stock price volatility prior to December 31, 2011 was determined based upon the expected volatility of similar entities whose shares are publicly traded and have trading history commensurate with the expected life.
For stock-based awards granted after January 1, 2012, the Company began estimating its expected volatility using a time-weighted average of its historical volatility in combination with the historical volatility of similar entities whose common shares are publicly traded.
Risk-free interest rate and dividend yield
The risk-free interest rates used for the Company's stock-based awards granted were the U.S. Treasury zero-coupon rates for bonds matching the expected life of a stock-based award on the date of grant.
The expected dividend yield is not applicable as the Company has not paid any dividends and intends to retain any future earnings for use in its business.
Vesting requirements
Options granted to employees generally vest 1/3rd of the amount of shares subject to each option on each 12-month anniversary from the vesting commencement date over a three year period and expire ten years from the grant date.
Restricted stock awards are earned upon the achievement of certain performance targets and/or other vesting conditions.
A director's annual grant vests and becomes exercisable as to 1/12th of the shares each month from the vesting commencement date. A director's initial grant vests and becomes exercisable as to 1/3rd of the shares on the 12-month anniversary from the vesting commencement date and then 1/36th of the shares each month thereafter, such that the grant vests in full after three years. All directors' options expire ten years from the grant date.
The Company's 2000 Stock Incentive Plan allows for acceleration of the vesting of outstanding options granted upon the occurrence of certain events related to change of control, merger, and the sale of substantially all of our assets or liquidation of the company, at the discretion of the Company's Board of Directors. The Company's 2006 Equity Incentive Plan provides that if outstanding options are not assumed or replaced by a successor corporation, options shall immediately vest as to 100% of the shares at such time and on such conditions as the Company's Board of Directors shall determine. The Company's 2012 Equity Incentive Plan provides that if outstanding options are not assumed or replaced by successor corporations options shall immediately vest as to 100% of the shares (and any applicable right of repurchase shall fully lapse prior to relevant event).
Fair value inputs
The fair market value of each stock based award granted has been estimated on the grant date using the Black-Scholes Option Pricing Model with the following assumptions:
	Year ended December 31,
	2013			2012			2011
Expected life (in years)		5.51 - 5.98			5.25 - 6.00			5.00 - 6.32
Expected volatility (percentage)		40.74 - 42.41			45.13 - 47.36			27.80 - 36.68
Risk-free interest rate (percentage)		0.94 - 1.77			0.91 - 1.39			1.58 - 2.72
Expected dividend yield		—			—			—
For all option grants the Company's Board of Directors set the exercise price of stock options based on a price per share not less than the fair value of our common stock on the date of grant. Since our shares of common stock began trading on AIM in 2006 and until the Company's shares of common stock began trading on NASDAQ, the Company's Board of Directors determined that the fair value of the shares of common stock on the date of grant was the closing price of shares of our common stock that traded under the AIM symbol "PPTR." The underlying security for all options and warrants issued prior to the effectiveness of our registration statement on Form S-8 was our common stock trading under "PPTR."
Following the effectiveness of our Registration Statement on Form 10 and Registration Statement on Form S-8 the Company's Board of Directors has determined that the fair value of the shares of common stock on the date of grant is the closing price of shares of our common stock that trade under the NASDAQ symbol "PLPM." The underlying security for all issued and outstanding options and warrants is our common stock trading under "PLPM" / "PPT."
Long-term incentive restricted stock agreements assumptions and vesting requirements
On July 26, 2011, the Company made a restricted stock grant of 915,000 shares of the Company's common stock to Philip Beck pursuant to a Long-Term Incentive Restricted Stock Agreement. The 915,000 shares vest in four separate tranches, each with a different long-term performance goal. The agreement provides that (1) upon a corporate transaction, certain unvested shares accelerate and become vested, and (2) upon Mr. Beck's involuntary termination, certain unvested shares shall remain outstanding and become vested only at such time as the performance goals applicable to such unvested shares are satisfied. The performance goals for each tranche are outlined below:
•
Tranche one (expires 12/31/2014): Performance condition award consisting of 305,000 shares that vest based upon the achievement of adjusted EBITDA (as will be defined in the Company's earnings releases for the relevant periods) per fully diluted share greater than or equal to $0.36 per share for any fiscal year concluding after the date of the restricted stock grant and on or prior to the expiration date. The fair value of tranche one is $0.7 million.
•
Tranche two (expires 12/31/2017): Performance condition award consisting of 47,000 shares that vest based upon the achievement of adjusted EBITDA (as will be defined in the Company's earnings releases for the relevant periods) per fully diluted share greater than or equal to $0.64 per share for any fiscal year concluding after the date of the restricted stock grant and on or prior to the expiration date. The fair value of tranche two is $0.1 million.
•
Tranche three (expires 12/31/2017): Performance condition award consisting of 469,000 shares that vest based upon the achievement of adjusted EBITDA (as will be defined in the Company's earnings releases for the relevant periods) per fully diluted share greater than or equal to $0.71 per share for any fiscal year concluding after the date of the restricted stock grant and on or prior to the expiration date. The fair value of tranche three is $1.0 million.
•
Tranche four (expires 12/31/2017): Market condition award consisting of 94,000 shares that vest based upon the fair market value of the Company's stock being greater than or equal to $12.00 per share for 75 consecutive trading days in the United States for any period of time beginning after the date of the restricted stock grant and concluding on or prior to the expiration date. The fair value of tranche four is $5,600.
For further information on this award please refer to Note 18 Subsequent events.
In accordance with ASC 718-10, the Company valued the performance condition and market condition awards using the Black-Scholes and binomial lattice models, respectively. The fair values of the performance condition awards are based upon the closing price of shares of the Company's common stock that trade on AIM under the symbol "PPTR" on the date of grant. The total fair value of all three tranches of the performance condition awards is $1.8 million, of which no amounts have been expensed as it was not deemed probable that the performance conditions would be satisfied based on the financial assessment of December 31, 2013. The Company will reassess the probability of achieving each performance condition metric at each reporting period. The total fair value of the market condition award is $5,600. Given the inconsequential nature of the amount, the Company recorded the entire expense at the time of grant. The expense related to the market condition award is not reversed even if the market conditions are not satisfied.
The fair value of the market condition award has been estimated on the grant date using a binomial lattice-based valuation pricing model with the following assumptions:
	July 26,
	2011
Expected life (in years)		5.3
Expected volatility (percentage)		31.68
Risk-free interest rate (percentage)		2.04
Expected dividend yield		—
On November 15, 2013, the Company made a restricted stock grant of 200,000 shares of our common stock to Carl Williams, its Director, Chief Executive Officer and President, pursuant to the Company's 2012 Equity Incentive Plan. The 200,000 shares will become vested if, prior to May 31, 2015, the closing price of the Company's common stock on NASDAQ is at least $6.00 per share for 30 consecutive trading days. Additionally, in the event that the Company completes a change of control transaction, the shares shall become vested if the consideration for such transaction is at least $6.00 per share, or the fair market value of the Company's common stock immediately following such change of control transaction is at least $6.00 per share.
In accordance with ASC 718-10, the Company valued the market condition awards using a binomial lattice-based valuation pricing model. The total fair value of the market condition award is $2,000. Given the inconsequential nature of the amount, we recorded the entire expense at the time of grant. The expense related to the market condition award is not reversed even if the market conditions are not satisfied.
The fair value of the market condition award has been estimated on the grant date using a binomial lattice-based valuation pricing model with the following assumptions:
	November 15,
	2013
Expected life (in years)		1.37
Expected volatility (percentage)		27.3
Risk-free interest rate (percentage)		0.23
Expected dividend yield		—
For further information on the Company's equity plans, please refer to Notes 14 and 15.
Fair value measurements
Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Inputs used to measure fair value are prioritized into a three-level fair value hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair values are as follows:
•
Level 1—Fair value measurements of the asset or liability using observable inputs such as quoted prices in active markets for identical assets and liabilities;
•
Level 2—Fair value measurements of the asset or liability using inputs other than quoted prices that are observable for the applicable asset or liability, either directly or indirectly, such as quoted prices for similar (as opposed to identical) assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active; and
•
Level 3—Fair value measurements of the asset or liability using unobservable inputs that reflect the Company's own assumptions regarding the applicable asset or liability.
The Company's cash and cash equivalents balances are residing in cash operating accounts and are not invested in money market funds or an equivalent. The Company's remaining asset and liability accounts are reflected in the consolidated financial statement at cost which approximates fair value because of the short-term nature of these items.
Derecogniton of note payable
In 2003, the Company entered into an agreement with First Horizon Merchant Services, Inc. ("FHMS") and First Tennessee Bank National Association ("FTB") and recorded a liability. Due to a breach of the contractual terms by FHMS and FTB, the Company did not believe it was liable to repay these amounts. As of March 31, 2011, the statute of limitations had expired on $0.66 million of the $0.7 million balance and as of September 30, 2011, the statute of limitations had expired on the remaining $40,000. For the year ended December 31, 2011, the Company recorded other income due to the derecognition of the note payable in the amount of $0.7 million.
Hurricane Sandy
In October 2012, the east coast of the United States was hit by Hurricane Sandy, including the city of Long Beach, where the Company's corporate headquarters are located. For the year ended December 31, 2012 we recorded a selling, general and administration expense of $0.1 million primarily related to disposal of property and equipment that was damaged in the hurricane which was offset by a pre-funding insurance reimbursement of $0.1 million. For the year ended December 31, 2013, we recorded capital additions related to Hurricane Sandy of approximately $0.5 million primarily related to leasehold improvements, furniture and fixtures and computer hardware. In 2013 we received $0.3 million in insurance proceeds, which was recorded as a gain in selling, general and administrative expenses.
Other Comprehensive Income
Other Comprehensive income includes all changes in equity from non-owner sources. All the activity in other comprehensive income relates to foreign currency translation adjustments. The Company accounts for other comprehensive income in accordance with ASC 220, Comprehensive Income.
Recent accounting pronouncements
In February 2013, the FASB issued an update to existing guidance on the presentation of comprehensive income. This update requires companies to report the effect of significant reclassifications out of accumulated other comprehensive income, or AOCI, by component. For significant items reclassified out of AOCI to net income in their entirety during the reporting period, companies must report the effect on the line items in the statement where net income is presented. For significant items not reclassified to net income in their entirety during the period, companies must provide cross-references in the notes to other disclosures that already provide information about those amounts. The Company adopted this update effective January 1, 2013 and it did not have a material impact on the Company's condensed consolidated financial statements.

Branded_Payment_Solutions_Acqu

Branded Payment Solutions Acquisition	12 Months Ended
	Dec. 31, 2013
Branded Payment Solutions Acquisition	'
Branded Payment Solutions Acquisition	'
	3. Branded Payment Solutions Acquisition
	On May 23, 2012, the Company acquired all of the outstanding shares of Branded Payment Solutions Limited ("BPS") for a purchase price of approximately $3.4 million consisting of approximately $1.8 million in cash and $1.6 million in equity or 488,337 shares of Common Stock of $0.01 par value each of Planet Payment, Inc. issued to the BPS shareholders. Of the 488,337 consideration shares, 72,887 (valued on the date of closing at $0.2 million) were subject to certain technology development milestones that were deemed satisfied in May 2013 and, as a result, all of the contingent shares have been earned.
	The Company expensed approximately $0.1 million of professional fees associated with the acquisition for the year ended December 31, 2012, which is classified in selling, general and administrative expenses.
	This business combination resulted in the total purchase price being allocated to the assets acquired and liabilities assumed according to their estimated fair values at the date of acquisition with the remaining unallocated purchase price recorded as goodwill as follows:
	Current assets	$	818,601
	Property and equipment		29,758
	Non-current assets		113,603
	Developed technology		2,796,411
	Goodwill		335,791
	Total assets acquired		4,094,164
	Total liabilities assumed		(672,684	)
	Net assets acquired	$	3,421,480
	Included in current assets is approximately $0.2 million of cash acquired.
	The amount allocated to developed technology (the acquired intangible asset) is $2.8 million. The fair values assigned to developed technology was determined primarily by using the income approach, which discounts expected future cash flows to present value using estimates and assumptions determined by management. The acquired identifiable intangible assets are being amortized on a straight-line basis over five years, which approximates the pattern in which the assets are utilized, over their estimated useful lives.
	Goodwill represents the excess of the purchase price over the fair values of the acquired net tangible and intangible assets. In accordance with the provisions of ASC 350, Intangibles—Goodwill and Other, goodwill is not amortized but will be tested for impairment at least annually. The allocated value of goodwill of $0.3 million primarily relates to the anticipated synergies resulting from adding BPS to our current products and the acquired workforce. The goodwill amount has been assigned to the payment processing services segment. Neither the acquired goodwill nor intangible assets are deductible for tax purposes.
	The liabilities assumed includes a $0.3 million deferred tax liability that relates primarily to the future amortization of acquired intangibles offset by a $0.2 million deferred tax asset that relates primarily to acquired net operating loss carryovers.
	The results of BPS were included in our consolidated statement of operations from the date of acquisition.

Property_and_equipment

Property and equipment	12 Months Ended
	Dec. 31, 2013
Property and equipment	'
Property and equipment	'
	4. Property and equipment
	Property and equipment, net consist of the following:
				As of December 31,
		Estimated
		useful life
		(in years)		2013			2012
	Equipment		2 - 5	$	939,129		$	923,356
	Computer hardware		3 - 5		2,493,658			1,688,262
	Furniture and fixtures		5 - 7		182,562			72,155
	Leasehold improvements		5 - 9		689,648			263,691
	Total property and equipment, gross				4,304,997			2,947,464
	Less: Accumulated depreciation and amortization				(2,106,357	)		(1,551,310	)
	Total property and equipment, net			$	2,198,640		$	1,396,154
	Property and equipment depreciation and amortization expense is as follows:
		Year ended December 31,
		2013		2012			2011
	Depreciation and amortization expense	$	554,765	$	532,784		$	656,837

Goodwill_and_intangible_assets

Goodwill and intangible assets	12 Months Ended
	Dec. 31, 2013
Goodwill and intangible assets	'
Goodwill and intangible assets	'
	5. Goodwill and intangible assets
	The changes in carrying amount of goodwill are as follows:
	Goodwill, gross, as of December 31, 2011	$	—
	Acquisition of BPS		335,791
	Impact of change in Euro exchange rate		11,808
	Accumulated impairment losses as of December 31, 2012		—
	Goodwill, gross, as of December 31, 2012		347,599
	Impact of change in Euro exchange rate		14,464
	Accumulated impairment losses as of December 31, 2013		—
	Goodwill, net, as of December 31, 2013	$	362,063
	The entire goodwill balance is assigned to the payment processing services segment. As this is the reporting unit expected to benefit from the synergies of the combination.
	Intangible assets are recorded at estimated fair value and are amortized ratably over their estimated useful lives to processing and service costs, which are included in cost of revenue.
	At December 31, the gross book value, accumulated amortization and amortization periods of intangible assets were as follows:
		As of December 31, 2013							As of December 31, 2012
		Gross book		Accumulated			Net book		Gross book		Accumulated			Net book		Amortization
		value		amortization			value		value		amortization			value		period
																(in years)
	Trademarks and patents	$	1,100,696	$	(327,200	)	$	773,496	$	917,456	$	(258,325	)	$	659,131		15
	Technology		3,015,192		(967,779	)		2,047,413		2,894,742		(351,018	)		2,543,724		5
	Customer contracts		867,354		(867,354	)		—		867,354		(780,619	)		86,735		5
	Intangible assets, net	$	4,983,242	$	(2,162,333	)	$	2,820,909	$	4,679,552	$	(1,389,962	)	$	3,289,590
	Amortization expense related to intangible assets is as follows:
		Year ended December 31,
		2013		2012			2011
	Amortization expense	$	735,265	$	569,721		$	224,486
	Intangible amortization expense that will be charged to income for the subsequent five years and thereafter is estimated on the December 31, 2013 book value, as follows:
	2014	$	677,007
	2015		675,774
	2016		675,378
	2017		309,773
	2018		70,912
	Thereafter		412,065
	Total	$	2,820,909

Long_and_shortterm_capital_lea

Long and short-term capital leases	12 Months Ended
	Dec. 31, 2013
Long and short-term capital leases	'
Long and short-term capital leases	'
	6. Long and short-term capital leases
	Long and short-term capital leases consisted of the following:
		December 31,
		2013			2012
	Capital leases to various lessors secured by financed equipment with interest rates ranging from 4.67% to 14.51%. Principal and interest are payable monthly through May 2018	$	949,596		$	701,598
	Total long and short-term portions of capital leases		949,596			701,598
	Less: short-term portion capital leases		(466,010	)		(337,588	)
	Long-term portion of capital leases	$	483,586		$	364,010
	Interest expense related to capital leases is as follows:
		Year ended December 31,
		2013			2012			2011
	Capital leases		60,106			55,699			64,462

Convertible_debt

Convertible debt	12 Months Ended
	Dec. 31, 2013
Convertible debt	'
Convertible debt	'
	7. Convertible debt
	In February 2007, in connection with a $7.6 million private placement, the Company issued a $5.0 million five-year term note convertible into 2,272,727 shares of common stock at a conversion price of $2.20 per share and issued $2.6 million or 1,141,491 new shares of common stock at a price of $2.28 per share. The $5.0 million note carried an annual interest rate of 9% and was convertible at any time at the option of the note holders or automatically upon the achievement by the Company of certain events, namely a qualified U.S. initial public offering or the achievement of certain liquidity and market value of shares of the Company's common stock. At the Company's election, interest payments were payable in the form of cash or common stock. Interest payments of $0.8 million through December 31, 2008 were not paid and added to the principal amount. Interest payments after December 31, 2008 were paid out in the form of common stock.
	In April 2008, the Company issued a $3.0 million four-year term note convertible into 1,333,333 shares of common stock at a conversion price of $2.25 per share. The $3.0 million note carried an annual interest rate of 9% (payable semi-annually commencing June 30, 2008) and was convertible at any time at the option of the note holders or automatically upon the achievement by the Company of certain events, namely a qualified U.S. initial public offering or the achievement of certain liquidity and market value of shares of the Company's common stock. At the Company's election interest payments were payable in the form of cash or common stock. Interest payments of $0.2 million through December 31, 2008 were not paid and added to the principal amount. Interest payments after December 31, 2008 were paid out in the form of common stock.
	In April 2011, the convertible debt holders converted their entire $9.0 million under convertible notes issued in 2007 and 2008 into an aggregate of 4,049,776 shares of common stock. In addition, we issued 127,318 shares of common stock valued at $0.3 million in lieu of cash payments for accrued interest and 297,682 shares of common stock valued at $0.6 million as a prepayment fee negotiated at the time of conversion. The shares issued for the accrued interest and the prepayment fee were valued at the average closing price of the Company's common stock on AIM under the symbol "PPTR" during the period immediately prior to the conversion. For the year ended December 31, 2011, the Company recorded the prepayment fee as an "other" expense of $0.6 million, which is included in Other income, net on the Consolidated Statements of Operations.
	Total interest expense related to convertible debt is as follows:
		Year ended December 31,
		2013		2012		2011
	Convertible debt interest expense (non-cash)	$	—	$	—	$	254,636

Commitments_and_contingencies

Commitments and contingencies	12 Months Ended
	Dec. 31, 2013
Commitments and contingencies	'
Commitments and contingencies	'
	8. Commitments and contingencies
	Operating leases
	The Company leases office space and various office equipment under cancelable and non-cancelable operating leases which expire on various dates through 2018. In general, leases relating to real estate include rent escalation clauses relating to increases in operating costs. Some leases also include renewal options of up to three years.
	Operating lease expense is as follows:
		Year ended December 31,
		2013			2012			2011
	Operating lease expense	$	1,509,465		$	1,515,189		$	1,396,122
	Future minimum rental payments under non-cancelable operating leases are as follows:
	Years ending December 31,
	2014	$	1,475,095
	2015		1,347,295
	2016		1,266,001
	2017		80,602
	2018		5,489
	Thereafter		—
	Total minimum lease payments	$	4,174,482
	Capital leases
	The following is an analysis of the leased property under capital leases:
		December 31,
		2013			2012
	Computer hardware	$	1,607,602		$	882,246
	Computer software		258,306			—
	Total capital leases, gross		1,865,908			882,246
	Less: Accumulated depreciation		(662,082	)		(257,615	)
	Total capital leases, net	$	1,203,826		$	624,631
	Future minimum rental payments under capital leases are as follows:
	Years ending December 31,
	2014	$	509,083
	2015		371,305
	2016		123,179
	2017		10,968
	2018		3,620
	Thereafter		—
	Total minimum lease payments		1,018,155
	Less: Amounts representing taxes, included in total minimum lease payments(*)		—
	Net minimum lease payments		1,018,155
	Less: Amounts representing interest payments		(68,559	)
	Present value of net minimum lease payments	$	949,596
	*
	Tax amounts related to capital lease payments are inconsequential.
	Acquiring bank sponsorship agreements
	In order to offer merchant acquiring services for Visa and MasterCard transactions, the Company must be sponsored by a financial institution that is a principal member of the Visa and MasterCard networks.
	The Company has entered into a new five year agreement with a sponsoring bank effective September 1, 2013, which replaces an existing sponsoring agreement. The Company is required to pay minimum annual sponsorship transaction fees, escalating each year, with total minimum fees of $1.8 million to be paid over the term of the agreement. Sponsorship fees are recorded to cost of sales with the total agreement minimum of $1.8 million recognized on a straight line basis over the term of the agreement.
	Pursuant to the agreement, the Company is liable for all losses incurred by the sponsoring bank with respect to the activities of our merchants sponsored under the agreement. No contingent liability has been recorded as December 31, 2013 as the risk of material loss is considered remote based on historical information. The Company monitors this contingent liability on a quarterly basis and will provide for a reserve if deemed necessary.
	The Company has two acquiring bank sponsoring agreements expiring at various dates through 2018. The future minimum payments under those agreements are as follows:
	Years ending December 31,
	2014	$	356,667
	2015		316,667
	2016		366,667
	2017		416,667
	2018		300,000
	Thereafter		—
	Total payments	$	1,756,668
	Employment agreements
	Pursuant to employment agreements with certain employees, the Company had a commitment to pay severance of approximately $2.0 million and $1.6 million as of December 31, 2013 and 2012, respectively, in the event of termination without cause, as defined in the agreements. Additionally, in the event of termination upon a change of control, as defined in the agreements, the Company had a commitment to pay severance of approximately$2.3 million and $1.9 million as of December 31, 2013 and 2012, respectively. For further information on the employment agreements activity subsequent to December 31, 2013, please refer to Note 18 Subsequent events.
	Contingent liabilities
	In instances where the Company is acting as the merchant acquirer, the Company bears a risk that a merchant may engage in fraud by submitting for payment certain credit card transactions that may have been manipulated, are fictitious, or are otherwise not bona fide. Similarly, the Company bears the risk that a merchant becomes insolvent, owing money to cardholders. To the extent that such fraud or insolvency occurs in circumstances where the Company is liable to make good any resultant losses, this could affect the Company's operating results and cash flows. The Company has required certain merchants to post cash reserves of approximately $0.2 million with the acquirer against such liabilities and has itself paid the acquirer a security deposit in connection therewith, as shown on the consolidated balance sheets. Under FASB ASC 460, Guarantees, the Company evaluates its ultimate risk and records an estimate of potential loss for chargebacks related to merchant fraud based upon an assessment of actual historical fraud rates compared to recent bank card processing volume levels. No contingent liability has been recorded as of December 31, 2013, as the risk of material loss is considered remote. The Company monitors this contingent liability on a quarterly basis and will provide for a reserve if deemed necessary.
	Outstanding litigation
	From time to time, the Company may be subject to legal proceedings and claims in the ordinary course of business. The Company currently has no material legal proceedings pending against it.

Convertible_preferred_stock

Convertible preferred stock	12 Months Ended
	Dec. 31, 2013
Convertible preferred stock	'
Convertible preferred stock	'
	9. Convertible preferred stock
	The preferred stock consists of 2,243,750 shares designated (and issued) as Series A Preferred Stock, and 1,756,250 shares which are undesignated (and unissued). Each issued share of Series A Preferred Stock is convertible into approximately 3.05 shares of common stock, for a total of 6,851,144 shares of common stock. Series A Preferred Stock may be converted into shares of common stock at any time at the election of the holder. In addition, all issued Series A Preferred Stock automatically convert into shares of common stock upon the consent of the holders of at least two-thirds of the voting power of the issued Series A Preferred Stock, or immediately prior to the closing of an initial public offering of common stock registered with the U.S. Securities and Exchange Commission in which the valuation of the Company is at least $50.0 million and the net proceeds of the offering are at least $25.0 million.
	Upon the admission of the Company's common stock to AIM in March 2006, substantially all of the rights, preferences and privileges of the Series A preferred stockholders, except for the liquidation preference, terminated. The only difference in rights between the Series A Preferred Stock and the common stock is the payment of a liquidation preference on the Series A Preferred Stock in the event of an acquisition, liquidation or winding up of the Company. "Acquisition" is defined for purposes of payment of the liquidation preference as a consolidation or merger (or similar transaction) of the Company with or into any other corporation or the sale of all of the capital stock of the Company, in each case where the shareholders immediately prior to such transaction fail to retain a majority voting power of the Company's stock following such transaction, or a sale, lease, exclusive license or other disposition of all or substantially all of the Company's assets. Upon such a liquidation event, each share of Series A Preferred Stock entitles its holder to receive an amount equal to the original purchase price for the Series A Preferred Stock prior to payment on the common stock. The aggregate liquidation preference for the Series A Preferred Stock is approximately $9.0 million. In the event of an acquisition of the Company, the holders of Series A Preferred Stock would be entitled to receive the first approximately $9.0 million of the purchase price. After payment of this liquidation preference, the remaining proceeds would be distributed pro rata among the holders of common stock. The Series A Preferred Stock otherwise has identical rights to common stock on an as converted basis, including with respect to voting and dividends.

Common_stock

Common stock	12 Months Ended
	Dec. 31, 2013
Common stock	'
Common stock	'
	10. Common stock
	The common stockholders are entitled to a distribution of all remaining assets (which may be more or less than the original investment), on a proportionate basis, in the event of the dissolution or winding up of the Company, after payment of all liabilities of the Company and the liquidation preference of all series of preferred stock then outstanding. The common stock has no conversion or redemption rights. The common stock is entitled to one vote per share at all general meetings of the Company. The common stockholders are entitled to share in all dividends and distributions, which may be declared by the Company, on a proportionate basis with all other classes and series of stock outstanding.
	During the year ended December 31, 2013, the Company issued 1,378,631 shares of common stock as follows:
	Restricted stock grants	860,739
	Employee option exercises	304,769
	Warrant exercises	213,123
	Total common stock issued	1,378,631
	On December 14, 2012 the Company filed an amended and restated certificate of incorporation increasing the number of shares the Company authorized to issue to 250,000,000 common shares and 10,000,000 preferred shares. During the year ended December 31, 2012, the Company issued 1,894,452 shares of common stock as follows:
	Inter-Atlantic warrant exercise	917,602
	Employee option exercises	488,513
	Consideration shares upon acquisition of BPS	488,337
	Total common stock issued	1,894,452
	During the year ended December 31, 2011 the Company issued 5,695,909 shares of common stock as follows:
	April 2011 debt conversion(1)	4,474,776
	Restricted stock grant to Philip D. Beck(2)	915,000
	Exercise of options and warrants	296,133
	Other	10,000
	Total common stock issued	5,695,909
	-1
	In April 2011, the convertible debt holders converted the outstanding principal amount of $9.0 million under convertible notes issued in 2007 and 2008 into an aggregate of 4,049,776 shares of common stock. In addition, the Company issued 127,318 shares of common stock valued at $0.3 million in lieu of cash payments for accrued interest and 297,682 shares of common stock valued at $0.6 million as a prepayment fee negotiated at the time of conversion. The shares issued for the accrued interest and the prepayment fee were valued at the average closing price of the Company's common stock on AIM under the symbol "PPTR" during the 10 trading day period ending two days prior to the conversion.
	-2
	Please Refer to Note 2, Stock-based compensation expense and assumptions, for further information regarding the restricted stock grant to Philip D. Beck.

Related_party_transactions

Related party transactions	12 Months Ended
	Dec. 31, 2013
Related party transactions	'
Related party transactions	'
	11. Related party transactions
	The Company incurred the following amounts to companies that are principally owned by executives, directors or stockholders of the Company or their families:
		Year ended December 31,
		2013		2012		2011
	Rent	$	422,882	$	500,785	$	487,677
	Consulting and professional fees		56,986		132,103		74,246
	Rent was paid to BDP Realty Associates LLC a company in which Philip Beck has a 1/3rd interest.
	Consulting and professional fees were paid to a professional services company where a family member of Philip Beck has a substantial interest but Philip Beck does not have any financial interest in such company.

Accrued_expenses

Accrued expenses	12 Months Ended
	Dec. 31, 2013
Accrued expenses	'
Accrued expenses	'
	12. Accrued expenses
	The following are the components of accrued expenses:
		As of
		December 31,
		2013		2012
	Gift card liabilities	$	1,150,096	$	778,237
	Professional fees		322,547		1,095,526
	Bonus		419,205		852,274
	Deferred revenue(*)		549,390		292,001
	Other(**)		2,591,382		2,280,751
	Total accrued expenses	$	5,032,620	$	5,298,789
	(*)
	Current deferred revenue will be recognized as revenue ratably over the next 12 months. As of December 31, 2013, included in the balance sheet classification "Long-term portion of capital leases and deferred revenue" is the non-current portion of deferred revenue in the amount of $0.9 million. The non-current deferred revenue balance as of December 31, 2012 is zero.
	(**)
	No amounts included in "other" exceed 5% of total current liabilities.

Income_taxes

Income taxes	12 Months Ended
	Dec. 31, 2013
Income taxes	'
Income taxes	'
	13. Income taxes
	The components of the Company's income (loss) before provision for income taxes by jurisdiction are as follows:
		Year ended December 31,
		2013			2012			2011
	United States	$	537,097		$	(6,307,445	)	$	(1,570,453	)
	Outside United States		(474,222	)		2,002,251			4,287,085
	Income (loss) before provision for income taxes, net	$	62,875		$	(4,305,194	)	$	2,716,632
	The components of the provision for income taxes are as follows:
		Year ended December 31,
		2013			2012			2011
	Current tax:
	United States—Federal	$	—		$	—		$	—
	United States—State and local		5,754			11,056			5,111
	Outside United States		619,043			417,837			326,792
	Total current tax		624,797			428,893			331,903
	Deferred tax:
	United States—Federal		—			—			—
	United States—State and local		—			—			—
	Outside United States		(583,928	)		(281,782	)		—
	Total deferred tax		(583,928	)		(281,782	)		—
	Provision for income taxes, net	$	40,869		$	147,111		$	331,903
	For 2013, the provision for income taxes of $40,869 related primarily to foreign entities. The Company has tax carryforwards in its federal, state and foreign jurisdictions. Based on all available evidence, it is not more likely than not that the Company would realize the benefit from $31.2 million of the deferred tax assets. Therefore, a valuation allowance of $29.4 million is recorded, which takes into account a deferred tax liability of $1.0 million. The Company has recorded a tax benefit for tax attribute carryforwards in the jurisdictions in which there is sufficient positive evidence that the deferred tax asset will be realized, resulting in a net deferred tax asset of $0.8 million.
	For 2012, the provision for income taxes of $0.1 million related primarily to foreign entities. The Company has tax attribute carryforwards in its federal, state and foreign jurisdictions. Based on all available evidence, it is not more likely than not that the Company would realize the benefit from $29.2 million of the deferred tax assets. Therefore, a valuation allowance of $29.2 million is recorded and a deferred tax benefit of $0.2 million is recorded. The Company has recorded a tax benefit for tax attribute carryforwards in the jurisdictions in which there is sufficient positive evidence that the deferred tax asset will be realized, resulting in a net deferred tax asset of $0.2 million.
	For 2011, the tax provision of $0.3 million related primarily to foreign entities. The Company has tax attribute carryforwards in its federal, state and foreign jurisdictions that based on all available evidence it is not more likely than not that the Company would realize the benefit from a significant portion of the deferred tax assets. Therefore, a full valuation allowance is recorded on these deferred tax assets and no deferred tax provision or benefit is recorded. There are no tax attribute carryforwards in the jurisdictions that are currently generating income.
	The table below shows reconciliation from the U.S. Federal statutory income rate of 34.0% to the effective income tax rate:
		Year ended
		December 31,
		2013			2012			2011
	Federal statutory rate		34	%		34	%		34	%
	State tax (less than 0.2% for 2012 and 2011)		9.2			—			—
	Permanent differences		54.3			(4.8	)		15.1
	Foreign tax rates at rates different from U.S. rates		(82.7	)		18.8			(48.9	)
	Valuation allowance		50.2			(51.4	)		12
	Total tax provision		65	%		(3.4	)%		12.2	%
	With few exceptions, the statute of limitations for the years 2009 and prior has expired. Earlier years related to certain foreign jurisdictions remain subject to examination. There are no income tax returns currently under examination. However, to the extent allowed by law, the tax authorities may have the right to examine prior periods where net operating losses were generated and carried forward, and may make adjustments up to the amount of the net operating loss carry forward. As of December 31, 2013 and 2012, the Company has no significant uncertain tax positions and, therefore, has not recorded any significant liabilities, interest or penalties for uncertain tax positions. To the extent that the Company records any interest or penalties, these amounts will be recorded as part of the income tax provision. If the Company's positions are sustained by the taxing authorities, there will be no impact to the Company's income tax provision. There were no significant changes to the Company's unrecognized tax benefits during the year ended December 31, 2013, and the Company does not anticipate any other significant changes to the unrecognized tax benefits during the next twelve months.
	The components of deferred tax assets and liabilities are as follows:
		As of December 31,
		2013			2012
	Deferred tax assets:
	Net operating loss carry-forwards	$	27,188,180		$	26,186,094
	Stock options		3,514,890			3,312,860
	Bonuses and salaries		33,111			279,424
	Restricted stock		73,538			—
	Provision for doubtful accounts		13,703			492,002
	Foreign nonrefundable withholding tax		318,163			—
	Other		22,937			159,225
	Total deferred tax assets		31,164,522			30,429,605
	Less: Valuation allowance		(29,416,464	)		(29,238,264	)
	Net deferred tax assets		1,748,058			1,191,341
	Deferred tax liabilities:
	Depreciation and amortization		(981,816	)		(1,008,449	)
	Total deferred tax liabilities		(981,816	)		(1,008,449	)
	Total deferred tax assets, net(*)	$	766,242		$	182,892
	(*)
	As of December 31, 2013 and 2012, deferred tax assets, net, are included in the balance sheet classification "Security deposits and other assets".
	As of December 31, 2013, the Company has available federal net operating loss carryforwards of $70.4 million, state net operating loss carryforwards, primarily New York State, of $71.3 million, and various foreign net operating loss carryforwards, the most significant of which expire from 2020 through 2033.
	The Company assesses the recoverability of its net operating loss carryforwards and other deferred tax assets and records a valuation allowance to the extent recoverability does not satisfy the "more likely than not" recognition criteria. The Company continues to maintain the valuation allowance until sufficient positive evidence exists to support full or partial reversal. As of December 31, 2013, the Company had a valuation allowance totaling $29.4 million against its deferred tax assets, net of deferred tax liabilities, due to insufficient positive evidence, primarily consisting of historical losses within the taxing jurisdictions that have tax attributes and deferred tax assets.

Stock_incentive_plan

Stock incentive plan	12 Months Ended
	Dec. 31, 2013
Stock incentive plan	'
Stock incentive plan	'
	14. Stock incentive plan
	2000 Stock Incentive Plan
	Options granted under the 2000 Stock Incentive Plan were all non-qualified stock options. As of December 31, 2013 and December 31, 2012, options to purchase 50,000 shares were outstanding and no shares were available for future grant under the 2000 Stock Incentive Plan.
	2006 Equity Incentive Plan
	As of December 31, 2013 and December 31, 2012, 9,330,588 and 9,494,355 shares were reserved for issuance under the Plan, respectively. As of December 31, 2013 and December 31, 2012, 915,000 restricted shares have been issued (see Note 2 (Summary of significant accounting policies—long-term incentive restricted stock agreement assumptions and vesting requirements)) and no options have been issued below fair value. As of December 31, 2013 and December 31, 2012, zero shares of common stock were available for future issuance under the Plan.
	2012 Equity Incentive Plan
	The Company's 2012 Equity Incentive Plan, which authorizes the issuance of an aggregate of 5,000,000 shares plus (i) any shares available for issuance under the Company's 2006 Equity Incentive Plan, which was terminated upon the effective date of the 2012 Plan, and (ii) any shares subject to outstanding options under the Company's 2000 Stock Incentive Plan and the Company's 2006 Equity Incentive Plan which are forfeited, cancel or which expire. The number of shares of common stock reserved for issuance under the Company's 2012 Equity Incentive Plan will increase automatically on the first day of January of each of 2015 and 2016 by an amount equal to 4% of the number of shares of common stock outstanding on the preceding December 31, unless the Company's Board of Directors elects to authorize a lesser number of shares in any given year. As of December 31, 2013, 7,037,950 shares were reserved for issuance under the Company's 2012 Equity Incentive Plan.
	A summary of stock option activity for the year ended December 31, 2013 is as follows:
		Number of			Weighted-		Weighted-		Aggregate
		options			average		average		intrinsic
					exercise		remaining		value
					price		contractual
							life (in years)
	Outstanding as of December 31, 2012		8,052,473		$	2.34		5.46	$	9,221,448
	Options granted		949,300
	Options exercised		(540,879	)
	Options cancelled		(65,666	)
	Options forfeited		(157,345	)
	Outstanding as of December 31, 2013		8,237,883		$	2.38		5.62		3,766,674
	Options exercisable as of December 31, 2013		6,774,584			2.31		4.92		3,565,363
	Vested and expected to vest as of December 31, 2013		8,190,603			2.38		5.6		3,761,252
	The following table provides additional information pertaining to the Company's stock options:
		Year ended December 31,
		2013			2012		2011
	Weighted-average grant date fair value for options granted during the period	$	1.14		$	1.2	$	0.7
	Total fair value of options vested during the period		949,588			1,126,087		549,802
	Total intrinsic value of options exercised during the period		212,580			360,371		348,153
	The exercise prices range from $1.20 to $4.00 for stock options outstanding and exercisable as of December 31, 2013.
	The aggregate intrinsic value of stock options outstanding, vested and unvested expected to vest, and exercisable, represent the total pre-tax intrinsic value, based on the closing prices of $2.78 and $3.48 of PLPM as reported on NASDAQ on December 31, 2013 and 2012, respectively.
	The following table summarizes the status of the non-vested shares of restricted stock grants as of December 31, 2013:
		Number of			Weighted Average
		Awards			Grant Date Fair
					Value
	Non-vested awards as of January 1, 2013		915,000		$	1.97
	Awards granted		875,583			2.22
	Awards vested		(16,250	)		2.92
	Awards cancelled and forfeited		(9,000	)		2.92
	Non-vested awards as of December 31, 2013		1,765,333		$	2.08
	For further information on the non-vested awards activity subsequent to December 31, 2013, please refer to Note 18 Subsequent events.
	2012 Employee Stock Purchase Plan
	The Company's 2012 Employee Stock Purchase Plan, which authorizes the issuance of an aggregate of 800,000 shares of common stock. The number of shares of common stock reserved for issuance under the Company's 2012 Employee Stock Purchase Plan will increase automatically on the first day of January of each of 2015 through 2019 by an amount equal to 1% of the number of shares of common stock outstanding on the preceding December 31, unless the Company's Board of Directors elects to authorize a lesser number of shares in any given year. As of December 31, 2013 no shares are issued or outstanding under the 2012 Employee Stock Purchase Plan.
	Under the Company's 2012 Employee Stock Purchase Plan, eligible employees will be able to acquire shares of our common stock by accumulating funds through payroll deductions. The purchase price for shares of our common stock purchased under the Company's 2012 Employee Stock Purchase Plan will be 85% of the lesser of the fair market value of our common stock on (1) the first trading day of the applicable offering period and (2) the last trading day of each purchase period in the applicable offering period. The Company's 2012 Employee Stock Purchase Plan will terminate on the tenth anniversary of the first purchase date, unless it is terminated earlier by the Company's Board of Directors or as a result of the issuance of all of the shares of our common stock reserved for issuance under the Company's 2012 Employee Stock Purchase Plan.

Warrants

Warrants	12 Months Ended
	Dec. 31, 2013
Warrants	'
Warrants	'
	15. Warrants
	Warrants granted are generally issued for services performed by third parties or investors.
	A summary of warrant activity during the year ended December 31, 2013 is as follows:
		Number of			Weighted-		Weighted-		Aggregate
		warrants			average		average		intrinsic
					exercise		remaining		value
					price		contractual
							life (in years)
	Outstanding as of December 31, 2012		726,858		$	2.29		1.26	$	1,236,845
	Warrants granted		—			—
	Warrants exercised		(247,950	)		0.38
	Warrants cancelled		(257,008	)		3.94
	Warrants forfeited		—			—
	Outstanding as of December 31, 2013		221,900			2.5		0.34		224,707
	Warrants exercisable as of December 31, 2013		221,900			2.5		0.34		224,707
	Vested and expected to vest as of December 31, 2013		221,900			2.5		0.34		224,707
	The exercise prices range from $0.25 to $5.50 for warrants outstanding and exercisable as of December 31, 2013.
		Year ended December 31,
		2013			2012		2011
	Weighted-average grant date fair value for warrants granted during the period	$	—		$	—	$	2.83
	Total fair value of warrants vested during the period		—			—		11,254
	Total intrinsic value of warrants exercised during the period		594,002			2,376,589		26,975
	On December 17, 2012, Inter-Atlantic Fund L.P. exercised its warrant in accordance with its terms and as a result, 917,602 new shares of common stock were issued to Inter-Atlantic. The warrant was net exercised under which 464,115 shares subject to the warrant were cancelled as payment for the shares being issued.
	In 2013, various parties exercised their warrants in accordance with its terms and as a result 213,123 new shares of common stock were issued. The warrants were net exercised under which 34,827 shares subject to the warrant were cancelled as payment for the shares being issued.
	The aggregate intrinsic value of warrants outstanding, vested and unvested expected to vest, and exercisable, represent the total pre-tax intrinsic value, based on the closing prices of $2.78 and $3.48 of PLPM as reported on NASDAQ on December 31, 2013 and 2012, respectively, and $2.27 of PPTR as reported on AIM on December 31, 2011.

Retirement_plan

Retirement plan	12 Months Ended
	Dec. 31, 2013
Retirement plan	'
Retirement plan	'
	16. Retirement plan
	All U.S. employees are eligible to participate in a 401(k) plan which covers U.S. employees meeting certain age requirements in accordance with section 401(k) of the Internal Revenue Code. Under the provisions of the 401(k) plan, the Company has the ability to make matching contributions equal to a percentage of the employee's voluntary contribution, as well as a non-elective contribution. From the inception of the 401(k) plan the Company has not made a contribution of any type.

Segment_information

Segment information	12 Months Ended
	Dec. 31, 2013
Segment information	'
Segment information	'
	17. Segment information
	General information
	The segment and geographic information provided in the table below is being reported consistent with the Company's method of internal reporting. Operating segments are defined as components of an enterprise for which separate financial information is available and which is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The chief operating decision maker, or CODM, reviews net revenue and gross profit by service by geographical region. The Company operates in two reportable segments; multi-currency processing services and payment processing services.
	Information about revenue, profit and assets
	The CODM evaluates performance and allocates resources based on net revenue and gross profit of each segment. For purposes of analyzing segments, gross profit of the multi-currency processing services segment is equal to net revenue less multi-currency cost of sales of $1.7 million which is included in "processing and services costs" for the year ended December 31, 2013 and for the year ended December 31, 2012 and 2011, the amount of multi-currency cost of sales is immaterial. The gross profit for the payment processing services segment includes net revenue of the segment less the cost of revenue component "payment processing services fees", which includes interchange and card network fees and assessments. Net revenue and gross profit by geographical region is based upon where the transaction originated. Lastly, the Company does not evaluate performance or allocate resources using segment asset data. Long-lived assets are primarily located in North America and Europe and as of December 31, 2013 and December 31, 2012, long-lived asset amounts are $10.3 million and $9.8 million, respectively.
	The Company conducts its business primarily in three geographical regions: Asia Pacific ("APAC"), North America, and Central Europe, Middle East and Africa ("CEMEA"). The following table provides revenue concentration by geographic region. Analysis of revenue by segment and geographical region and reconciliations to consolidated revenue and gross profit are as follows:
		Year ended December 31,
		2013			2012			2011
	Net Revenue:
	APAC	$	15,666,192		$	16,248,880		$	18,337,513
	North America		6,165,431			5,000,064			3,991,374
	CEMEA		7,981,826			7,558,146			4,909,875
	Total multi-currency processing services revenue		29,813,449			28,807,090			27,238,762
	Payment processing services revenue		16,752,616			14,770,926			14,619,404
	Net revenue	$	46,566,065		$	43,578,016		$	41,858,166
	Gross Profit:
	APAC	$	15,572,813		$	16,248,880		$	18,337,513
	North America		6,045,441			5,000,064			3,991,374
	CEMEA		6,515,668			7,558,146			4,909,875
	Total multi-currency processing services gross profit		28,133,922			28,807,090			27,238,762
	Payment processing services gross profit		5,516,354			3,827,636			2,942,392
	Total gross profit	$	33,650,276		$	32,634,726		$	30,181,154
	Payment processing service revenue and gross profit is the result of transactions that primarily originated in North America and no individual merchant of the payment processing segment was greater than 10% of segment revenue.
	Concentration of revenue by customer by geographical region:
		Year ended
		December 31,
		2013			2012			2011
	Multi-currency processing services revenue:
	APAC:
	Customer A		63	%		62	%		63	%
	Customer I		*			12			13
	North America:
	Customer E		25			18			11
	Customer F		32			44			54
	Customer G		11			11			21
	CEMEA:
	Customer C		71			97			100
	Customer H		28			*			*
	*
	Revenue less than 10%.

Subsequent_events

Subsequent events	12 Months Ended
	Dec. 31, 2013
Subsequent events	'
Subsequent events	'
	18. Subsequent events
	Appointment of Carl Williams as Chief Executive Officer
	In February 2014, Carl Williams, a member of the Board of Directors and the Company President since November of 2013, has been appointed by the Board to also serve as Chief Executive Officer. Carl Williams succeeds Philip Beck, who will continue as Chairman of the Board.
	Philip Beck separation agreement
	In February 2014, the Company entered into a separation agreement with Philip Beck. The key financial terms of the agreement are as follows:
	•
	The Company will pay the aggregate gross amount of $370,000, which equals twelve months base salary;
	•
	The Company will be returned $120,000 in advanced payments of a 2013 bonus for which the achievement of specified corporate objectives were not attained; and
	•
	The 915,000 restricted shares of common stock granted pursuant to that certain Long-Term Incentive Restricted Stock Agreement dated July 26, 2011 shall remain in full force and effect without modification or amendment. In accordance with the incentive agreement the Company exercised its repurchase option of 35% or 320,250 of the restricted shares at the price of $1.00 in the aggregate.
	Restricted stock cancellation
	Effective upon the filing of Form 10-K, 416,239 shares of restricted stock were cancelled due to the applicable performance targets not being fulfilled.

Schedule_II_Valuation_and_qual

Schedule II - Valuation and qualifying accounts	12 Months Ended
	Dec. 31, 2013
Schedule II - Valuation and qualifying accounts	'
Schedule II - Valuation and qualifying accounts	'
	Schedule II—Valuation and qualifying accounts
	Description	Balance at		Additions		Deductions			Other		Balance at
		beginning of		charged to					adjustments		end of
		period		expenses							period
	As of December 31, 2013:
	Allowance for doubtful accounts(1)	$	1,484,087	$	326,457	$	(1,640,870	)	$	—	$	169,674
	Deferred tax valuation allowance(2)		29,238,264		903,463		(725,263	)		—		29,416,464
	As of December 31, 2012:
	Allowance for doubtful accounts	$	1,415,638	$	65,623	$	—		$	2,826	$	1,484,087
	Deferred tax valuation allowance(3)		26,452,590		2,845,531		(59,857	)		—		29,238,264
	As of December 31, 2011:
	Allowance for doubtful accounts	$	1,354,694	$	60,944	$	—		$	—	$	1,415,638
	Deferred tax valuation allowance(4)		26,326,256		1,218,415		(1,092,081	)		—		26,452,590
	-1
	For the year ended December 31, 2013, the decrease to the allowance for doubtful accounts is primarily due to the write-off of a previously reserved trade receivable in the amount of $1.3 million.
	-2
	For the year ended December 31, 2013, the deferred tax valuation allowance was increased by $0.9 million consisting primarily of an increase of $0.4 million due to the Company's net operating losses and an increase of $0.2 million due to stock options and restricted stock. These increases were offset by decreases in bonus of $0.2 million and bad debt of $0.5 million.
	-3
	For the year ended December 31, 2012, the deferred tax valuation allowance was increased by $2.8 million consisting of an increase of $1.1 million due to the Company's net operating losses, an increase of $0.7 million due to an increase in stock options and salaries and bonuses, and $1.0 million due to a reduction in the deferred tax liability related to depreciation and amortization that resulted in more deferred tax valuation allowance recorded.
	-4
	For the year ended December 31, 2011, the deferred tax valuation allowance was increased by $1.2 million consisting of an increase of $0.9 million due to the Company's net operating losses and an increase of $0.3 million due to an increase in stock options and salaries and bonuses. For the year ended December 31, 2011, the deferred tax valuation allowance also decreased by $1.1 million, consisting of an increase of $0.9 million in the deferred tax liability related to depreciation and amortization and a reduction in the allowance for doubtful accounts of $0.2 million that resulted in less deferred tax valuation allowance recorded.

Summary_of_significant_account1

Summary of significant accounting policies (Policies)

12 Months Ended

Dec. 31, 2013

Summary of significant accounting policies

'

Use of estimates

'

Use of estimates

The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates.

On an on-going basis, the Company evaluates its estimates, including those related to the accounts receivable allowance, recoverability of goodwill, intangibles and other long-lived assets, and other assets and liabilities; the useful lives of intangible assets, property and equipment, capitalized software development costs; assumptions used to calculate stock-based compensation expense including volatility, expected life and forfeiture rate; and income taxes (including recoverability of deferred taxes), among others. The Company bases its estimates on historical experience and on other various assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.

Revenue recognition

'

Revenue recognition

The Company derives revenue principally through fees earned under fixed contractual arrangements with customers who use our international payment and multi-currency processing services. The Company has two revenue streams:

Multi-currency processing services revenue

Multi-currency processing services revenue is the foreign currency transaction fee earned on processing and converting of a credit or debit card transaction from one currency into another currency. Multi-currency transaction processing services revenue is recognized upon settlement of the transaction.

Payment processing services revenue

The Company follows the requirements of Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") topic 605-45 Revenue Recognition—Principal Agent Consideration, in determining its payment processing services revenue reporting. Generally, where the Company has merchant portability, credit risk and ultimate responsibility for the merchant, revenue is reported at the time of settlement on a gross basis equal to the full amount of the discount charged to the merchant. This amount may include interchange paid to card issuing banks and assessments paid to payment card associations.

Payment processing services revenue is transaction based and priced either as a fixed fee per transaction or calculated based on a percentage of the transaction value. The fees are charged for processing services provided in facilitating the sale of goods and services by means of credit, debit and prepaid cards and other electronic payments and do not include the gross sales price paid by the ultimate buyer. Payment processing services revenue is recognized upon settlement of the transaction.

Our revenue is presented net of a provision for sales credits, which is estimated based on historical results and established in the period in which services are provided. As of the periods presented, there were no such provisions.

Cash and cash equivalents

'

Cash and cash equivalents

Cash and cash equivalents consist of cash and highly liquid investments purchased with original maturity of three months or less.

Restricted cash

'

Restricted cash

Restricted cash is primarily held by either processing partners where the Company holds a share of underwriting risk and for other potential liabilities under processing or by the Company on behalf of an automated clearing house, or ACH, transaction processing customer. The long-term portion of restricted cash is contractually required to be held by some of the Company's processing partners and will remain restricted as long as the associated contracts are effective. As such, the Company classifies these portions as long-term.

Translation of non-U.S. currencies

'

Translation of non-U.S. currencies

The translation of assets and liabilities denominated in foreign currency into U.S. Dollars is made at the prevailing rate of exchange at the balance sheet date. Revenue and expenses are translated at the average exchange rates during the period. Translation adjustments are reflected in accumulated other comprehensive income (loss) on our consolidated balance sheets, while gains and losses resulting from foreign currency transactions are included in our consolidated statements of operations. Amounts resulting from foreign currency transactions included in our statement of operations were $0.1 million for the year ended December 31, 2013 and were not material for the two years ended December 31, 2012.

Allowance for doubtful accounts

'

Allowance for doubtful accounts

The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of our customers to make payments due to the Company. The amount of the allowance is based on historical experience and our analysis of the accounts receivable balance outstanding. While credit losses have historically been within the Company's expectations and the provisions established, the Company cannot guarantee that it will continue to experience the same credit loss rates that it has in the past. If the financial condition of our customers were to deteriorate, resulting in their inability to make payments, additional allowances may be required which would result in an additional expense in the period that this determination was made. As of December 31, 2013 and 2012, the Company has included an allowance for doubtful accounts of approximately $0.2 million and $1.5 million, respectively. As of December 31, 2013 the Company wrote-off a previously fully reserved trade receivable in the amount of $1.4 million.

Property, equipment and depreciation

'

Property, equipment and depreciation

Property and equipment are stated at cost less accumulated depreciation, which is provided for by charges to income over the estimated useful lives of the assets using the straight-line method. Maintenance and repairs, which do not improve or extend the useful life of the respective asset, are charged to operating expenses as incurred. Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount, less proceeds from disposal, is charged or credited to income.

Software development costs and amortization

'

Software development costs and amortization

The Company capitalizes costs of materials, consultants and payroll and payroll-related costs incurred by employees involved in developing internal use computer software during the application development stage. Costs incurred during the preliminary project and post-implementation stages are charged to processing and service costs, which are included in cost of revenue as incurred. Software development costs are amortized to processing and service costs, which are included in cost of revenue on a straight-line basis over estimated useful lives of approximately three to five years. The Company performs periodic reviews to ensure that unamortized software costs remain recoverable from future cash flows. Capitalized software development costs, net, were $4.9 million and $4.8 million as of December 31, 2013 and 2012, respectively. Amortization expense totaled $1.6 million, $1.7 million and $1.5 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Goodwill, intangibles and long-lived assets

'

Goodwill, intangibles and long-lived assets

The Company records as goodwill the excess of purchase price over the fair value of the tangible and identifiable intangible assets acquired. Other acquired intangible assets, which primarily include identifiable acquired technology, are being amortized on a straight-line basis over five years, which approximates the pattern in which the assets are expected to be utilized, over their estimated useful lives.

The Company performs reviews to determine if the carrying value of its goodwill is impaired. The Company reviews goodwill for impairment at least annually during the fourth quarter, or more frequently if an event occurs indicating the potential for impairment. The Company reviews goodwill for impairment utilizing either a qualitative assessment or a two-step process. If the Company decides that it is appropriate to perform a qualitative assessment and conclude that the fair value of a reporting unit more likely than not exceeds its carrying value, no further evaluation is necessary. For reporting units where the Company performs the two-step process, the first step requires us to estimate the fair value of each reporting unit and compare that fair value to the respective carrying value, which includes goodwill. If the fair value of the reporting unit exceeds its carrying value, the goodwill is not considered impaired and no further evaluation is necessary. If the carrying value is higher than the estimated fair value, there is an indication that impairment may exist and the second step is required. In the second step, the implied fair value of goodwill is calculated as the excess of the fair value of a reporting unit over the fair values assigned to its assets and liabilities. If the implied fair value of goodwill is less than the carrying value of the reporting unit's goodwill, the difference is recognized as an impairment charge.

For reporting units where the Company decides to perform a qualitative assessment, management assesses and makes judgments regarding a variety of factors which potentially impact the fair value of a reporting unit, including general economic conditions, industry and market-specific conditions, customer behavior, cost factors, our financial performance and trends, our strategies and business plans, capital requirements, management and personnel issues, and the Company's stock price, among others. Management then considers the totality of these and other factors, placing more weight on the events and circumstances that are judged to most affect a reporting unit's fair value or the carrying amount of its net assets, to reach a qualitative conclusion regarding whether it is more likely than not that the fair value of a reporting unit exceeds its carrying amount.

For reporting units where the Company performs the two-step process, it may utilize a combination of the following approaches to assess fair value: (a) an income based approach, using projected discounted cash flows, (b) a market based approach, using multiples of comparable companies, and (c) a transaction based approach, using multiples for recent acquisitions of similar businesses made in the marketplace.

The Company's estimate of fair value of each reporting unit may be based on a number of subjective factors, including: (a) appropriate consideration of valuation approaches (income approach, comparable public company approach, and comparable transaction approach), (b) estimates of future cost structure, (c) discount rates for estimated cash flows, (d) selection of peer group companies for the public company and the market transaction approaches, (e) required levels of working capital, (f) assumed terminal value, and (g) time horizon of cash flow forecasts.

The entire goodwill balance as of December 31, 2013 is attributable to the acquisition of Branded Payment Solutions Ltd (BPS). The Company did not record any impairment of goodwill for the three years ended December 31, 2013, 2012 and 2011.

The Company evaluates long-lived assets, including property and equipment, capitalized software and finite-lived intangible assets for potential impairment on an individual asset basis or at the lowest level asset grouping for which cash flows can be separately identified. Long-lived asset impairments are assessed whenever changes in circumstances could indicate that the carrying amounts of those productive assets exceed their projected undiscounted cash flows. When it is determined that impairment exists, the related asset group is written down to its estimated fair market value. The determination of future cash flows and the estimated fair value of long-lived assets, involve significant estimates on the part of management. In order to estimate the fair value of a long-lived asset, the Company may engage a third party to assist with the valuation. The Company did not record any impairment of long-lived assets for the years ended December 31, 2013, 2012 and 2011.

The Company's process for assessing potential triggering events may include, but is not limited to, analysis of the following:

•

any sustained decline in the Company's stock price below book value;

•

results of the Company's goodwill impairment test;

•

sales and operating trends affecting products and groupings;

•

the impact of current and future operating results;

•

any losses of key acquired customer relationships; and

•

changes to or obsolescence of acquired technology, data, and trademarks.

The Company also evaluates the remaining useful life of its long-lived assets on a periodic basis to determine whether events or circumstances warrant a revision to the remaining estimated amortization period.

Deferred initial public offering ("IPO") costs

'

Deferred initial public offering ("IPO") costs

In connection with the preparation of the financial statements as of and for the periods ended September 30, 2012, the Company determined that it was likely that its IPO would be postponed for a period in excess of 90 days and as a result deemed it to be an aborted offering in accordance with the guidance set forth in ASC 340-10-S99-1. During the three months ending September 30, 2012, the Company expensed previously deferred IPO costs of $2.3 million associated with our registration statement on Form S-1 as well as any IPO costs incurred in the third quarter to selling, general and administrative expenses. The total amount of the third quarter 2012 expense was $2.6 million.

Due to merchants

'

Due to merchants

Due to merchants represents funds collected on behalf of all the Company's acquired merchants using the iPAY gateway ACH product or funds collected on behalf of directly acquired merchants as security deposits. The ACH funds are generally held for an average of three days before payment to the merchant.

Income taxes

'

Income taxes

The Company accounts for income taxes on the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequence attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in results of operations in the period during which the tax change occurs. The Company's operations are conducted in various geographies with different tax rates. As the Company's operations evolve this may impact the Company's future effective tax rate.

The Company assesses whether it is necessary to establish a valuation allowance to reduce the deferred tax assets if it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company's process includes evaluating both positive (for example, sources of taxable income) and negative (for example, historical losses) evidence and determining whether it is more likely than not that the deferred tax assets will not be realized.

ASC topic 740-10, Income Taxes, prescribes a comprehensive model for how companies should recognize, measure, present, and disclose uncertain tax positions taken or expected to be taken on a tax return. The company shall initially and subsequently measure such tax positions as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and all relevant facts. The Company has reviewed and evaluated the relevant technical merits of each of its tax positions, for all periods presented, and determined that there are no uncertain tax positions that would have a material impact on the financial statements of the Company.

Concentration of credit risk

'

Concentration of credit risk

The Company's assets that are exposed to concentrations of credit risk consist primarily of cash, cash equivalents, restricted cash and receivables from clients. The Company places its cash, cash equivalents, and restricted cash with financial banking institutions that are insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000. The Company also maintains cash balances at foreign banking institutions, which are not insured by the FDIC. As of December 31, 2013 and 2012, the Company's uninsured cash balances totaled $5.8 million and $5.3 million, respectively.

The Company maintains an allowance for uncollectible accounts receivable based on expected collectability and perform ongoing credit evaluations of customers' financial condition.

The Company's accounts receivable concentrations of 10% and greater are as follows:

As of

December 31,

2013

2012

Customer A

22

%

26

%

Customer B*

**

14

Customer C

13

11

Customer D*

12

**

*

Customers B and D are sponsoring banks for certain merchants within the Company's payment processing services. Customers B and D serve 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.

**

Less than 10% accounts receivable concentration.

The Company's revenue concentrations of 10% and greater are as follows:

Year ended

December 31,

2013

2012

2011

Customer A

21

%

23

%

28

%

Customer C

12

17

12

Net income (loss) per share

'

Net income (loss) per share

The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share ("ASC topic 260"). Under ASC topic 260, securities that contain rights to receive non-forfeitable dividends (whether paid or unpaid) are participating securities and should be included in the two-class method of computing earnings per share. The Company's preferred stockholders are entitled to participate in dividends and earnings when, and if, dividends are declared on the common stock. As such, the Company calculates net income (loss) per share using the two-class method. The two-class method is an earnings formula that treats a participating security as having rights to dividends that otherwise would have been available to common and preferred stockholders based on their respective rights to receive dividends. Losses are not allocated to the preferred stockholders for computing net loss per share under the two-class method because the preferred stockholders do not have contractual obligations to share in the losses of the Company.

Basic earnings per share is calculated by dividing net income (loss), adjusted for amounts allocated to participating securities under the two-class method, if applicable, by the weighted average number of common stock outstanding during the period.

Diluted earnings per share is calculated by dividing net income (loss) by the weighted average number of shares of the Company's common stock outstanding, assuming dilution, during the period. The diluted earnings per share calculation assumes (i) all stock options and warrants which are in the money are exercised at the beginning of the period and (ii) each issue or series of issues of potential common stock are considered in sequence from the most dilutive to the least dilutive. That is, dilutive potential common stock with the lowest "earnings add-back per incremental share" shall be included in dilutive earnings per share before those with higher earnings add back per incremental share.

The following table sets forth the computation of basic and diluted net income (loss) per share:

Year ended December 31,

2013

2012

2011

Numerator:

Net income (loss)

$

22,006

$

(4,452,305

)

$

2,384,729

Amounts allocated to participating preferred stockholders under the two-class method

(2,507

)

—

(283,154

)

Net income (loss) applicable to common stockholders (basic and dilutive)

$

19,499

$

(4,452,305

)

$

2,101,575

Denominator:

Weighted average common stock outstanding (basic)

52,943,203

52,187,144

49,348,033

Common equivalent shares from options and warrants to purchase common stock

1,522,082

—

2,819,459

Weighted average common stock outstanding (diluted)(1)

54,465,285

52,187,144

52,167,492

Basic net income (loss) per share applicable to common stockholders

$

0

$

(0.09

)

$

0.04

Diluted net income (loss) per share applicable to common stockholders(1)

$

0

$

(0.09

)

$

0.04

-1

In accordance with ASC 260-10-45-48 for the year ended December 31, 2013, 2012 and 2011, the Company has excluded 1.6 million, 0.9 million and 0.9 million, respectively, contingently issued restricted shares from diluted weighted average common stock outstanding as the contingencies (a) have not been satisfied at the reporting date nor (b) would have been satisfied if the reporting date was at the end of the contingency period.

The following table sets forth the weighted securities outstanding that have been excluded from the diluted net income (loss) per share calculation because the effect would have been anti-dilutive:

Year ended December 31,

2013

2012

2011

Stock options

2,458,471

8,528,816

170,543

Warrants

85,629

2,055,722

182,539

Convertible debt(1)

—

—

1,316,071

Convertible preferred stock(1)

6,851,144

6,851,144

6,851,144

Total antidilutive securities

9,395,244

17,435,682

8,520,297

-1

Diluted net income per share increases when the convertible debt and convertible preferred stock are included in the required sequence in the diluted earnings per share computation. As such both the convertible debt and convertible preferred stock are excluded from the computation of diluted earnings per share for the years ended December 31, 2013, 2012 and 2011. In April 2011, the convertible debt holders converted their entire holdings.

Stock-based compensation expense and assumptions

'

Stock-based compensation expense and assumptions

During the year ended December 31, 2013, 0.9 million stock options with a fair value of $1.0 million were granted to certain employees of the Company. The actual number of shares that will be issued upon exercise of options is subject to the achievement of vesting conditions.

During the year ended December 31, 2013, 0.9 million restricted stock awards with an award fair value of $1.9 million were granted to certain employees and members of the Company's Board of Directors. The actual number of vested shares is subject to the achievement of certain performance targets and/or other vesting conditions.

Refer to sub-section "Long-term incentive restricted stock agreements assumptions and vesting requirements" for information regarding a separate award granted to Carl Williams at the time he was appointed President of the Company on November 15, 2013.

Stock-based compensation expense is measured at the grant date based on fair value and recognized as an expense over the requisite service period, net of an estimated forfeiture rate.

The following summarizes stock-based compensation expense recognized by income statement classification:

Year ended December 31,

2013

2012

2011

Processing and service costs

$

238,101

$

262,775

$

135,444

Selling, general and administrative expenses

989,268

872,272

435,366

Total stock-based compensation expense

$

1,227,369

$

1,135,047

$

570,810

The following summarizes stock-based compensation expense recognized by type:

Year ended December 31,

2013

2012

2011

Stock options

$

983,810

$

1,135,047

$

555,882

Restricted stock awards

243,559

—

—

Warrants

—

—

14,928

Total stock-based compensation expense

$

1,227,369

$

1,135,047

$

570,810

For the years ended December 31, 2013 and 2012, stock-based compensation expense included $0.1 million of capitalized stock-based compensation. Capitalized stock-based compensation for 2011 was immaterial.

A summary of the unamortized stock-based compensation expense and associated weighted average remaining amortization periods is presented below:

As of

As of

December 31, 2013

December 31, 2012

Unamortized

Weighted

Unamortized

Weighted

stock-based

average remaining

stock-based

average remaining

compensation

amortization period

compensation

amortization period

expense

(in years)

expense

(in years)

Stock options

$

1,263,133

1.79

$

1,383,725

1.8

Restricted stock awards

1,624,187

2.05

—

—

Stock-based compensation expense assumptions and vesting requirements

Determining the appropriate fair value model and calculating the fair value of stock-based awards require the input of highly subjective assumptions, including the expected life, expected stock price volatility, and the number of expected stock-based awards that will be forfeited prior to the completion of the vesting requirements. The Company uses the Black-Scholes Option Pricing Model and binomial lattice-based valuation pricing models to value its stock-based awards.

Expected life

Due to the Company's limited public company history, the expected life for the Company's stock-based awards granted was determined based on the "simplified" method under the provisions of ASC 718-10, Compensation—Stock Compensation.

Expected stock price volatility

Due to the Company's limited public company history, expected stock price volatility prior to December 31, 2011 was determined based upon the expected volatility of similar entities whose shares are publicly traded and have trading history commensurate with the expected life.

For stock-based awards granted after January 1, 2012, the Company began estimating its expected volatility using a time-weighted average of its historical volatility in combination with the historical volatility of similar entities whose common shares are publicly traded.

Risk-free interest rate and dividend yield

The risk-free interest rates used for the Company's stock-based awards granted were the U.S. Treasury zero-coupon rates for bonds matching the expected life of a stock-based award on the date of grant.

The expected dividend yield is not applicable as the Company has not paid any dividends and intends to retain any future earnings for use in its business.

Vesting requirements

Options granted to employees generally vest 1/3rd of the amount of shares subject to each option on each 12-month anniversary from the vesting commencement date over a three year period and expire ten years from the grant date.

Restricted stock awards are earned upon the achievement of certain performance targets and/or other vesting conditions.

A director's annual grant vests and becomes exercisable as to 1/12th of the shares each month from the vesting commencement date. A director's initial grant vests and becomes exercisable as to 1/3rd of the shares on the 12-month anniversary from the vesting commencement date and then 1/36th of the shares each month thereafter, such that the grant vests in full after three years. All directors' options expire ten years from the grant date.

The Company's 2000 Stock Incentive Plan allows for acceleration of the vesting of outstanding options granted upon the occurrence of certain events related to change of control, merger, and the sale of substantially all of our assets or liquidation of the company, at the discretion of the Company's Board of Directors. The Company's 2006 Equity Incentive Plan provides that if outstanding options are not assumed or replaced by a successor corporation, options shall immediately vest as to 100% of the shares at such time and on such conditions as the Company's Board of Directors shall determine. The Company's 2012 Equity Incentive Plan provides that if outstanding options are not assumed or replaced by successor corporations options shall immediately vest as to 100% of the shares (and any applicable right of repurchase shall fully lapse prior to relevant event).

Fair value inputs

The fair market value of each stock based award granted has been estimated on the grant date using the Black-Scholes Option Pricing Model with the following assumptions:

Year ended December 31,

2013

2012

2011

Expected life (in years)

5.51 - 5.98

5.25 - 6.00

5.00 - 6.32

Expected volatility (percentage)

40.74 - 42.41

45.13 - 47.36

27.80 - 36.68

Risk-free interest rate (percentage)

0.94 - 1.77

0.91 - 1.39

1.58 - 2.72

Expected dividend yield

—

—

—

For all option grants the Company's Board of Directors set the exercise price of stock options based on a price per share not less than the fair value of our common stock on the date of grant. Since our shares of common stock began trading on AIM in 2006 and until the Company's shares of common stock began trading on NASDAQ, the Company's Board of Directors determined that the fair value of the shares of common stock on the date of grant was the closing price of shares of our common stock that traded under the AIM symbol "PPTR." The underlying security for all options and warrants issued prior to the effectiveness of our registration statement on Form S-8 was our common stock trading under "PPTR."

Following the effectiveness of our Registration Statement on Form 10 and Registration Statement on Form S-8 the Company's Board of Directors has determined that the fair value of the shares of common stock on the date of grant is the closing price of shares of our common stock that trade under the NASDAQ symbol "PLPM." The underlying security for all issued and outstanding options and warrants is our common stock trading under "PLPM" / "PPT."

Long-term incentive restricted stock agreements assumptions and vesting requirements

'

Long-term incentive restricted stock agreements assumptions and vesting requirements

On July 26, 2011, the Company made a restricted stock grant of 915,000 shares of the Company's common stock to Philip Beck pursuant to a Long-Term Incentive Restricted Stock Agreement. The 915,000 shares vest in four separate tranches, each with a different long-term performance goal. The agreement provides that (1) upon a corporate transaction, certain unvested shares accelerate and become vested, and (2) upon Mr. Beck's involuntary termination, certain unvested shares shall remain outstanding and become vested only at such time as the performance goals applicable to such unvested shares are satisfied. The performance goals for each tranche are outlined below:

•

Tranche one (expires 12/31/2014): Performance condition award consisting of 305,000 shares that vest based upon the achievement of adjusted EBITDA (as will be defined in the Company's earnings releases for the relevant periods) per fully diluted share greater than or equal to $0.36 per share for any fiscal year concluding after the date of the restricted stock grant and on or prior to the expiration date. The fair value of tranche one is $0.7 million.

•

Tranche two (expires 12/31/2017): Performance condition award consisting of 47,000 shares that vest based upon the achievement of adjusted EBITDA (as will be defined in the Company's earnings releases for the relevant periods) per fully diluted share greater than or equal to $0.64 per share for any fiscal year concluding after the date of the restricted stock grant and on or prior to the expiration date. The fair value of tranche two is $0.1 million.

•

Tranche three (expires 12/31/2017): Performance condition award consisting of 469,000 shares that vest based upon the achievement of adjusted EBITDA (as will be defined in the Company's earnings releases for the relevant periods) per fully diluted share greater than or equal to $0.71 per share for any fiscal year concluding after the date of the restricted stock grant and on or prior to the expiration date. The fair value of tranche three is $1.0 million.

•

Tranche four (expires 12/31/2017): Market condition award consisting of 94,000 shares that vest based upon the fair market value of the Company's stock being greater than or equal to $12.00 per share for 75 consecutive trading days in the United States for any period of time beginning after the date of the restricted stock grant and concluding on or prior to the expiration date. The fair value of tranche four is $5,600.

For further information on this award please refer to Note 18 Subsequent events.

In accordance with ASC 718-10, the Company valued the performance condition and market condition awards using the Black-Scholes and binomial lattice models, respectively. The fair values of the performance condition awards are based upon the closing price of shares of the Company's common stock that trade on AIM under the symbol "PPTR" on the date of grant. The total fair value of all three tranches of the performance condition awards is $1.8 million, of which no amounts have been expensed as it was not deemed probable that the performance conditions would be satisfied based on the financial assessment of December 31, 2013. The Company will reassess the probability of achieving each performance condition metric at each reporting period. The total fair value of the market condition award is $5,600. Given the inconsequential nature of the amount, the Company recorded the entire expense at the time of grant. The expense related to the market condition award is not reversed even if the market conditions are not satisfied.

The fair value of the market condition award has been estimated on the grant date using a binomial lattice-based valuation pricing model with the following assumptions:

July 26,

2011

Expected life (in years)

5.3

Expected volatility (percentage)

31.68

Risk-free interest rate (percentage)

2.04

Expected dividend yield

—

On November 15, 2013, the Company made a restricted stock grant of 200,000 shares of our common stock to Carl Williams, its Director, Chief Executive Officer and President, pursuant to the Company's 2012 Equity Incentive Plan. The 200,000 shares will become vested if, prior to May 31, 2015, the closing price of the Company's common stock on NASDAQ is at least $6.00 per share for 30 consecutive trading days. Additionally, in the event that the Company completes a change of control transaction, the shares shall become vested if the consideration for such transaction is at least $6.00 per share, or the fair market value of the Company's common stock immediately following such change of control transaction is at least $6.00 per share.

In accordance with ASC 718-10, the Company valued the market condition awards using a binomial lattice-based valuation pricing model. The total fair value of the market condition award is $2,000. Given the inconsequential nature of the amount, we recorded the entire expense at the time of grant. The expense related to the market condition award is not reversed even if the market conditions are not satisfied.

The fair value of the market condition award has been estimated on the grant date using a binomial lattice-based valuation pricing model with the following assumptions:

November 15,

2013

Expected life (in years)

1.37

Expected volatility (percentage)

27.3

Risk-free interest rate (percentage)

0.23

Expected dividend yield

—

For further information on the Company's equity plans, please refer to Notes 14 and 15.

Fair value measurements

'

Fair value measurements

Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Inputs used to measure fair value are prioritized into a three-level fair value hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair values are as follows:

•

Level 1—Fair value measurements of the asset or liability using observable inputs such as quoted prices in active markets for identical assets and liabilities;

•

Level 2—Fair value measurements of the asset or liability using inputs other than quoted prices that are observable for the applicable asset or liability, either directly or indirectly, such as quoted prices for similar (as opposed to identical) assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active; and

•

Level 3—Fair value measurements of the asset or liability using unobservable inputs that reflect the Company's own assumptions regarding the applicable asset or liability.

The Company's cash and cash equivalents balances are residing in cash operating accounts and are not invested in money market funds or an equivalent. The Company's remaining asset and liability accounts are reflected in the consolidated financial statement at cost which approximates fair value because of the short-term nature of these items.

Derecognition of note payable

'

Derecogniton of note payable

In 2003, the Company entered into an agreement with First Horizon Merchant Services, Inc. ("FHMS") and First Tennessee Bank National Association ("FTB") and recorded a liability. Due to a breach of the contractual terms by FHMS and FTB, the Company did not believe it was liable to repay these amounts. As of March 31, 2011, the statute of limitations had expired on $0.66 million of the $0.7 million balance and as of September 30, 2011, the statute of limitations had expired on the remaining $40,000. For the year ended December 31, 2011, the Company recorded other income due to the derecognition of the note payable in the amount of $0.7 million.

Hurricane Sandy

'

Hurricane Sandy

In October 2012, the east coast of the United States was hit by Hurricane Sandy, including the city of Long Beach, where the Company's corporate headquarters are located. For the year ended December 31, 2012 we recorded a selling, general and administration expense of $0.1 million primarily related to disposal of property and equipment that was damaged in the hurricane which was offset by a pre-funding insurance reimbursement of $0.1 million. For the year ended December 31, 2013, we recorded capital additions related to Hurricane Sandy of approximately $0.5 million primarily related to leasehold improvements, furniture and fixtures and computer hardware. In 2013 we received $0.3 million in insurance proceeds, which was recorded as a gain in selling, general and administrative expenses.

Other Comprehensive Income

'

Other Comprehensive Income

Other Comprehensive income includes all changes in equity from non-owner sources. All the activity in other comprehensive income relates to foreign currency translation adjustments. The Company accounts for other comprehensive income in accordance with ASC 220, Comprehensive Income.

Recent accounting pronouncements

'

Recent accounting pronouncements

In February 2013, the FASB issued an update to existing guidance on the presentation of comprehensive income. This update requires companies to report the effect of significant reclassifications out of accumulated other comprehensive income, or AOCI, by component. For significant items reclassified out of AOCI to net income in their entirety during the reporting period, companies must report the effect on the line items in the statement where net income is presented. For significant items not reclassified to net income in their entirety during the period, companies must provide cross-references in the notes to other disclosures that already provide information about those amounts. The Company adopted this update effective January 1, 2013 and it did not have a material impact on the Company's condensed consolidated financial statements.

Summary_of_significant_account2

Summary of significant accounting policies (Tables)	12 Months Ended
	Dec. 31, 2013
Summary of significant accounting policies	'
Schedule of computation of basic and diluted net income (loss) per share	'
		Year ended December 31,
		2013			2012			2011
	Numerator:
	Net income (loss)	$	22,006		$	(4,452,305	)	$	2,384,729
	Amounts allocated to participating preferred stockholders under the two-class method		(2,507	)		—			(283,154	)
	Net income (loss) applicable to common stockholders (basic and dilutive)	$	19,499		$	(4,452,305	)	$	2,101,575
	Denominator:
	Weighted average common stock outstanding (basic)		52,943,203			52,187,144			49,348,033
	Common equivalent shares from options and warrants to purchase common stock		1,522,082			—			2,819,459
	Weighted average common stock outstanding (diluted)(1)		54,465,285			52,187,144			52,167,492
	Basic net income (loss) per share applicable to common stockholders	$	0		$	(0.09	)	$	0.04
	Diluted net income (loss) per share applicable to common stockholders(1)	$	0		$	(0.09	)	$	0.04
	-1
	In accordance with ASC 260-10-45-48 for the year ended December 31, 2013, 2012 and 2011, the Company has excluded 1.6 million, 0.9 million and 0.9 million, respectively, contingently issued restricted shares from diluted weighted average common stock outstanding as the contingencies (a) have not been satisfied at the reporting date nor (b) would have been satisfied if the reporting date was at the end of the contingency period.
Schedule of weighted securities outstanding that have been excluded from the diluted net income (loss) per share calculation because the effect would have been anti-dilutive	'
		Year ended December 31,
		2013			2012			2011
	Stock options		2,458,471			8,528,816			170,543
	Warrants		85,629			2,055,722			182,539
	Convertible debt(1)		—			—			1,316,071
	Convertible preferred stock(1)		6,851,144			6,851,144			6,851,144
	Total antidilutive securities		9,395,244			17,435,682			8,520,297
	-1
	Diluted net income per share increases when the convertible debt and convertible preferred stock are included in the required sequence in the diluted earnings per share computation. As such both the convertible debt and convertible preferred stock are excluded from the computation of diluted earnings per share for the years ended December 31, 2013, 2012 and 2011. In April 2011, the convertible debt holders converted their entire holdings.
Summary of stock-based compensation expense recognized by income statement classification	'
		Year ended December 31,
		2013			2012			2011
	Processing and service costs	$	238,101		$	262,775		$	135,444
	Selling, general and administrative expenses		989,268			872,272			435,366
	Total stock-based compensation expense	$	1,227,369		$	1,135,047		$	570,810
Summary of stock-based compensation expense recognized by type	'
		Year ended December 31,
		2013			2012			2011
	Stock options	$	983,810		$	1,135,047		$	555,882
	Restricted stock awards		243,559			—			—
	Warrants		—			—			14,928
	Total stock-based compensation expense	$	1,227,369		$	1,135,047		$	570,810
Summary of the unamortized stock-based compensation expense and associated weighted average remaining amortization periods for stock options and warrants	'
		As of						As of
		December 31, 2013						December 31, 2012
		Unamortized			Weighted			Unamortized			Weighted
		stock-based			average remaining			stock-based			average remaining
		compensation			amortization period			compensation			amortization period
		expense			(in years)			expense			(in years)
	Stock options	$	1,263,133			1.79		$	1,383,725			1.8
	Restricted stock awards		1,624,187			2.05			—			—
Schedule of valuation assumptions used for the estimated fair market value of each stock based award granted on the grant date using the Black-Scholes Option Pricing Model	'
		Year ended December 31,
		2013			2012			2011
	Expected life (in years)		5.51 - 5.98			5.25 - 6.00			5.00 - 6.32
	Expected volatility (percentage)		40.74 - 42.41			45.13 - 47.36			27.80 - 36.68
	Risk-free interest rate (percentage)		0.94 - 1.77			0.91 - 1.39			1.58 - 2.72
	Expected dividend yield		—			—			—
Schedule of valuation assumptions used for estimated fair value of the market condition award on the grant date using a binomial lattice-based valuation pricing model	'
		July 26,
		2011
	Expected life (in years)		5.3
	Expected volatility (percentage)		31.68
	Risk-free interest rate (percentage)		2.04
	Expected dividend yield		—
		November 15,
		2013
	Expected life (in years)		1.37
	Expected volatility (percentage)		27.3
	Risk-free interest rate (percentage)		0.23
	Expected dividend yield		—
Accounts Receivable	'
Concentration of credit risk	'
Schedule of concentrations of 10% and greater	'
		As of
		December 31,
		2013			2012
	Customer A		22	%		26	%
	Customer B*		**			14
	Customer C		13			11
	Customer D*		12			**
	*
	Customers B and D are sponsoring banks for certain merchants within the Company's payment processing services. Customers B and D serve 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.
	**
	Less than 10% accounts receivable concentration.
Revenue	'
Concentration of credit risk	'
Schedule of concentrations of 10% and greater	'
		Year ended
		December 31,
		2013			2012			2011
	Customer A		21	%		23	%		28	%
	Customer C		12			17			12

Branded_Payment_Solutions_Acqu1

Branded Payment Solutions Acquisition (Tables)	12 Months Ended
	Dec. 31, 2013
Branded Payment Solutions Acquisition	'
Schedule of total purchase price being allocated to the assets acquired and liabilities assumed according to their estimated fair values at the date of acquisition with the remaining unallocated purchase price recorded as goodwill	'
	Current assets	$	818,601
	Property and equipment		29,758
	Non-current assets		113,603
	Developed technology		2,796,411
	Goodwill		335,791
	Total assets acquired		4,094,164
	Total liabilities assumed		(672,684	)
	Net assets acquired	$	3,421,480

Property_and_equipment_Tables

Property and equipment (Tables)	12 Months Ended
	Dec. 31, 2013
Property and equipment	'
Schedule of property and equipment, net	'
				As of December 31,
		Estimated
		useful life
		(in years)		2013			2012
	Equipment		2 - 5	$	939,129		$	923,356
	Computer hardware		3 - 5		2,493,658			1,688,262
	Furniture and fixtures		5 - 7		182,562			72,155
	Leasehold improvements		5 - 9		689,648			263,691
	Total property and equipment, gross				4,304,997			2,947,464
	Less: Accumulated depreciation and amortization				(2,106,357	)		(1,551,310	)
	Total property and equipment, net			$	2,198,640		$	1,396,154
Schedule of property and equipment depreciation and amortization expense	'
		Year ended December 31,
		2013		2012			2011
	Depreciation and amortization expense	$	554,765	$	532,784		$	656,837

Goodwill_and_intangible_assets1

Goodwill and intangible assets (Tables)	12 Months Ended
	Dec. 31, 2013
Goodwill and intangible assets	'
Schedule of changes in carrying amount of goodwill	'
	Goodwill, gross, as of December 31, 2011	$	—
	Acquisition of BPS		335,791
	Impact of change in Euro exchange rate		11,808
	Accumulated impairment losses as of December 31, 2012		—
	Goodwill, gross, as of December 31, 2012		347,599
	Impact of change in Euro exchange rate		14,464
	Accumulated impairment losses as of December 31, 2013		—
	Goodwill, net, as of December 31, 2013	$	362,063
Schedule of the gross book value, accumulated amortization and amortization periods of intangible assets	'
		As of December 31, 2013							As of December 31, 2012
		Gross book		Accumulated			Net book		Gross book		Accumulated			Net book		Amortization
		value		amortization			value		value		amortization			value		period
																(in years)
	Trademarks and patents	$	1,100,696	$	(327,200	)	$	773,496	$	917,456	$	(258,325	)	$	659,131		15
	Technology		3,015,192		(967,779	)		2,047,413		2,894,742		(351,018	)		2,543,724		5
	Customer contracts		867,354		(867,354	)		—		867,354		(780,619	)		86,735		5
	Intangible assets, net	$	4,983,242	$	(2,162,333	)	$	2,820,909	$	4,679,552	$	(1,389,962	)	$	3,289,590
Schedule of amortization expense related to intangible assets	'
		Year ended December 31,
		2013		2012			2011
	Amortization expense	$	735,265	$	569,721		$	224,486
Schedule of intangible amortization expense that will be charged to income and is estimated on the basis of book value	'
	2014	$	677,007
	2015		675,774
	2016		675,378
	2017		309,773
	2018		70,912
	Thereafter		412,065
	Total	$	2,820,909

Long_and_shortterm_capital_lea1

Long and short-term capital leases (Tables)	12 Months Ended
	Dec. 31, 2013
Long and short-term capital leases	'
Schedule of long and short-term capital leases	'
		December 31,
		2013			2012
	Capital leases to various lessors secured by financed equipment with interest rates ranging from 4.67% to 14.51%. Principal and interest are payable monthly through May 2018	$	949,596		$	701,598
	Total long and short-term portions of capital leases		949,596			701,598
	Less: short-term portion capital leases		(466,010	)		(337,588	)
	Long-term portion of capital leases	$	483,586		$	364,010
Schedule of interest expense related to capital leases	'
		Year ended December 31,
		2013			2012			2011
	Capital leases		60,106			55,699			64,462

Convertible_debt_Tables

Convertible debt (Tables)	12 Months Ended
	Dec. 31, 2013
Convertible debt	'
Schedule of total interest expense related to convertible debt	'
		Year ended December 31,
		2013		2012		2011
	Convertible debt interest expense (non-cash)	$	—	$	—	$	254,636

Commitments_and_contingencies_

Commitments and contingencies (Tables)	12 Months Ended
	Dec. 31, 2013
Commitments and contingencies	'
Schedule of operating lease expense	'
		Year ended December 31,
		2013			2012			2011
	Operating lease expense	$	1,509,465		$	1,515,189		$	1,396,122
Schedule of future minimum rental payments under non-cancelable operating leases	'
	Years ending December 31,
	2014	$	1,475,095
	2015		1,347,295
	2016		1,266,001
	2017		80,602
	2018		5,489
	Thereafter		—
	Total minimum lease payments	$	4,174,482
Schedule of leased property under capital leases	'
		December 31,
		2013			2012
	Computer hardware	$	1,607,602		$	882,246
	Computer software		258,306			—
	Total capital leases, gross		1,865,908			882,246
	Less: Accumulated depreciation		(662,082	)		(257,615	)
	Total capital leases, net	$	1,203,826		$	624,631
Schedule of future minimum rental payment under capital leases	'
	Years ending December 31,
	2014	$	509,083
	2015		371,305
	2016		123,179
	2017		10,968
	2018		3,620
	Thereafter		—
	Total minimum lease payments		1,018,155
	Less: Amounts representing taxes, included in total minimum lease payments(*)		—
	Net minimum lease payments		1,018,155
	Less: Amounts representing interest payments		(68,559	)
	Present value of net minimum lease payments	$	949,596
	*
	Tax amounts related to capital lease payments are inconsequential.
Schedule of future minimum payments under those agreements	'
	Years ending December 31,
	2014	$	356,667
	2015		316,667
	2016		366,667
	2017		416,667
	2018		300,000
	Thereafter		—
	Total payments	$	1,756,668

Common_stock_Tables

Common stock (Tables)	12 Months Ended
	Dec. 31, 2013
Common stock	'
Schedule of common stock issued	'
	During the year ended December 31, 2013, the Company issued 1,378,631 shares of common stock as follows:
	Restricted stock grants	860,739
	Employee option exercises	304,769
	Warrant exercises	213,123
	Total common stock issued	1,378,631
	During the year ended December 31, 2012, the Company issued 1,894,452 shares of common stock as follows:
	Inter-Atlantic warrant exercise	917,602
	Employee option exercises	488,513
	Consideration shares upon acquisition of BPS	488,337
	Total common stock issued	1,894,452
	During the year ended December 31, 2011 the Company issued 5,695,909 shares of common stock as follows:
	April 2011 debt conversion(1)	4,474,776
	Restricted stock grant to Philip D. Beck(2)	915,000
	Exercise of options and warrants	296,133
	Other	10,000
	Total common stock issued	5,695,909
	-1
	In April 2011, the convertible debt holders converted the outstanding principal amount of $9.0 million under convertible notes issued in 2007 and 2008 into an aggregate of 4,049,776 shares of common stock. In addition, the Company issued 127,318 shares of common stock valued at $0.3 million in lieu of cash payments for accrued interest and 297,682 shares of common stock valued at $0.6 million as a prepayment fee negotiated at the time of conversion. The shares issued for the accrued interest and the prepayment fee were valued at the average closing price of the Company's common stock on AIM under the symbol "PPTR" during the 10 trading day period ending two days prior to the conversion.
	-2
	Please Refer to Note 2, Stock-based compensation expense and assumptions, for further information regarding the restricted stock grant to Philip D. Beck.

Related_party_transactions_Tab

Related party transactions (Tables)	12 Months Ended
	Dec. 31, 2013
Related party transactions	'
Schedule of amounts incurred to companies that are principally owned by executives, directors or stockholders of the Company or their families	'
		Year ended December 31,
		2013		2012		2011
	Rent	$	422,882	$	500,785	$	487,677
	Consulting and professional fees		56,986		132,103		74,246

Accrued_expenses_Tables

Accrued expenses (Tables)	12 Months Ended
	Dec. 31, 2013
Accrued expenses	'
Schedule of the components of accrued expenses	'
		As of
		December 31,
		2013		2012
	Gift card liabilities	$	1,150,096	$	778,237
	Professional fees		322,547		1,095,526
	Bonus		419,205		852,274
	Deferred revenue(*)		549,390		292,001
	Other(**)		2,591,382		2,280,751
	Total accrued expenses	$	5,032,620	$	5,298,789
	(*)
	Current deferred revenue will be recognized as revenue ratably over the next 12 months. As of December 31, 2013, included in the balance sheet classification "Long-term portion of capital leases and deferred revenue" is the non-current portion of deferred revenue in the amount of $0.9 million. The non-current deferred revenue balance as of December 31, 2012 is zero.
	(**)
	No amounts included in "other" exceed 5% of total current liabilities.

Income_taxes_Tables

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2013
Income taxes	'
Schedule of components of the Company's income (loss) before provision for income taxes by jurisdiction	'
		Year ended December 31,
		2013			2012			2011
	United States	$	537,097		$	(6,307,445	)	$	(1,570,453	)
	Outside United States		(474,222	)		2,002,251			4,287,085
	Income (loss) before provision for income taxes, net	$	62,875		$	(4,305,194	)	$	2,716,632
Schedule of components of the provision for income taxes	'
		Year ended December 31,
		2013			2012			2011
	Current tax:
	United States—Federal	$	—		$	—		$	—
	United States—State and local		5,754			11,056			5,111
	Outside United States		619,043			417,837			326,792
	Total current tax		624,797			428,893			331,903
	Deferred tax:
	United States—Federal		—			—			—
	United States—State and local		—			—			—
	Outside United States		(583,928	)		(281,782	)		—
	Total deferred tax		(583,928	)		(281,782	)		—
	Provision for income taxes, net	$	40,869		$	147,111		$	331,903
Schedule of reconciliation from the U.S. Federal statutory income rate of 34.0% to the effective income tax rate	'
		Year ended
		December 31,
		2013			2012			2011
	Federal statutory rate		34	%		34	%		34	%
	State tax (less than 0.2% for 2012 and 2011)		9.2			—			—
	Permanent differences		54.3			(4.8	)		15.1
	Foreign tax rates at rates different from U.S. rates		(82.7	)		18.8			(48.9	)
	Valuation allowance		50.2			(51.4	)		12
	Total tax provision		65	%		(3.4	)%		12.2	%
Schedule of components of deferred tax assets and liabilities	'
		As of December 31,
		2013			2012
	Deferred tax assets:
	Net operating loss carry-forwards	$	27,188,180		$	26,186,094
	Stock options		3,514,890			3,312,860
	Bonuses and salaries		33,111			279,424
	Restricted stock		73,538			—
	Provision for doubtful accounts		13,703			492,002
	Foreign nonrefundable withholding tax		318,163			—
	Other		22,937			159,225
	Total deferred tax assets		31,164,522			30,429,605
	Less: Valuation allowance		(29,416,464	)		(29,238,264	)
	Net deferred tax assets		1,748,058			1,191,341
	Deferred tax liabilities:
	Depreciation and amortization		(981,816	)		(1,008,449	)
	Total deferred tax liabilities		(981,816	)		(1,008,449	)
	Total deferred tax assets, net(*)	$	766,242		$	182,892
	(*)
	As of December 31, 2013 and 2012, deferred tax assets, net, are included in the balance sheet classification "Security deposits and other assets".

Stock_incentive_plan_Tables

Stock incentive plan (Tables)	12 Months Ended
	Dec. 31, 2013
Stock incentive plan	'
Summary of stock option activity	'
		Number of			Weighted-		Weighted-		Aggregate
		options			average		average		intrinsic
					exercise		remaining		value
					price		contractual
							life (in years)
	Outstanding as of December 31, 2012		8,052,473		$	2.34		5.46	$	9,221,448
	Options granted		949,300
	Options exercised		(540,879	)
	Options cancelled		(65,666	)
	Options forfeited		(157,345	)
	Outstanding as of December 31, 2013		8,237,883		$	2.38		5.62		3,766,674
	Options exercisable as of December 31, 2013		6,774,584			2.31		4.92		3,565,363
	Vested and expected to vest as of December 31, 2013		8,190,603			2.38		5.6		3,761,252
Schedule of additional information pertaining to the stock options	'
		Year ended December 31,
		2013			2012		2011
	Weighted-average grant date fair value for options granted during the period	$	1.14		$	1.2	$	0.7
	Total fair value of options vested during the period		949,588			1,126,087		549,802
	Total intrinsic value of options exercised during the period		212,580			360,371		348,153
Summary of the status of the non-vested shares of restricted stock grants	'
		Number of			Weighted Average
		Awards			Grant Date Fair
					Value
	Non-vested awards as of January 1, 2013		915,000		$	1.97
	Awards granted		875,583			2.22
	Awards vested		(16,250	)		2.92
	Awards cancelled and forfeited		(9,000	)		2.92
	Non-vested awards as of December 31, 2013		1,765,333		$	2.08

Warrants_Tables

Warrants (Tables)	12 Months Ended
	Dec. 31, 2013
Warrants	'
Summary of warrant activity	'
		Number of			Weighted-		Weighted-		Aggregate
		warrants			average		average		intrinsic
					exercise		remaining		value
					price		contractual
							life (in years)
	Outstanding as of December 31, 2012		726,858		$	2.29		1.26	$	1,236,845
	Warrants granted		—			—
	Warrants exercised		(247,950	)		0.38
	Warrants cancelled		(257,008	)		3.94
	Warrants forfeited		—			—
	Outstanding as of December 31, 2013		221,900			2.5		0.34		224,707
	Warrants exercisable as of December 31, 2013		221,900			2.5		0.34		224,707
	Vested and expected to vest as of December 31, 2013		221,900			2.5		0.34		224,707
Schedule of additional information related to warrants	'
		Year ended December 31,
		2013			2012		2011
	Weighted-average grant date fair value for warrants granted during the period	$	—		$	—	$	2.83
	Total fair value of warrants vested during the period		—			—		11,254
	Total intrinsic value of warrants exercised during the period		594,002			2,376,589		26,975

Segment_information_Tables

Segment information (Tables)	12 Months Ended
	Dec. 31, 2013
Segment information	'
Schedule of revenue by segment and geographical region and reconciliations to consolidated revenue and gross profit	'
		Year ended December 31,
		2013			2012			2011
	Net Revenue:
	APAC	$	15,666,192		$	16,248,880		$	18,337,513
	North America		6,165,431			5,000,064			3,991,374
	CEMEA		7,981,826			7,558,146			4,909,875
	Total multi-currency processing services revenue		29,813,449			28,807,090			27,238,762
	Payment processing services revenue		16,752,616			14,770,926			14,619,404
	Net revenue	$	46,566,065		$	43,578,016		$	41,858,166
	Gross Profit:
	APAC	$	15,572,813		$	16,248,880		$	18,337,513
	North America		6,045,441			5,000,064			3,991,374
	CEMEA		6,515,668			7,558,146			4,909,875
	Total multi-currency processing services gross profit		28,133,922			28,807,090			27,238,762
	Payment processing services gross profit		5,516,354			3,827,636			2,942,392
	Total gross profit	$	33,650,276		$	32,634,726		$	30,181,154
Schedule of concentration of revenue by customer by geographical region	'
		Year ended
		December 31,
		2013			2012			2011
	Multi-currency processing services revenue:
	APAC:
	Customer A		63	%		62	%		63	%
	Customer I		*			12			13
	North America:
	Customer E		25			18			11
	Customer F		32			44			54
	Customer G		11			11			21
	CEMEA:
	Customer C		71			97			100
	Customer H		28			*			*
	*
	Revenue less than 10%.

Business_description_and_basis1

Business description and basis of presentation (Details)	Dec. 31, 2013
	item
Business description and basis of presentation	'
Number of active merchant locations to which the Company provides services	61,000
Number of countries in which the entity provides services	22

Summary_of_significant_account3

Summary of significant accounting policies (Details) (USD $)	3 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
		item
Revenue recognition	'	'	'	'
Number of revenue streams	'	2	'	'
Payment processing services revenue	'	'	'	'
Provision for sales credits	'	$0	$0	$0
Translation of non-U.S. currencies	'	'	'	'
Amounts resulting from foreign currency transactions included in statement of operations	'	100,000	'	'
Allowance for doubtful accounts	'	'	'	'
Allowance for doubtful accounts	'	200,000	1,500,000	'
Trade receivable written-off	'	1,400,000	'	'
Goodwill, intangibles and long-lived assets	'	'	'	'
Amortization period of acquired identifiable intangible assets	'	'5 years	'	'
Software development costs and amortization	'	'	'	'
Capitalized software development costs	'	4,904,415	4,776,320	'
Amortization expense	'	1,600,000	1,700,000	1,500,000
Deferred initial public offering ("IPO") costs	'	'	'	'
Minimum period for which initial public offering was likely to be postponed	'	'90 days	'	'
Write-off of deferred IPO costs	2,300,000	'	2,346,210	'
Initial public offering costs	2,600,000	'	'	'
Due to merchants	'	'	'	'
Number of average days for which ACH funds are generally held before payment to merchant	'	'3 days	'	'
Income taxes	'	'	'	'
Uncertain tax positions	'	$0	$0	'
Minimum	'	'	'	'
Software development costs and amortization	'	'	'	'
Estimated useful live	'	'3 years	'	'
Maximum	'	'	'	'
Software development costs and amortization	'	'	'	'
Estimated useful live	'	'5 years	'	'

Summary_of_significant_account4

Summary of significant accounting policies (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Concentration of credit risk	'	'	'
Cash, cash equivalents, and restricted cash with financial banking institutions that are insured by the Federal Deposit Insurance Corporation ("FDIC")	250,000	'	'
Cash balances at foreign banking institutions which are not insured by the FDIC	5,800,000	5,300,000	'
Accounts Receivable | Credit concentration risk | Customer A	'	'	'
Concentration of credit risk	'	'	'
Concentration risk (as a percent)	22.00%	26.00%	'
Accounts Receivable | Credit concentration risk | Customer B	'	'	'
Concentration of credit risk	'	'	'
Concentration risk (as a percent)	'	14.00%	'
Accounts Receivable | Credit concentration risk | Customer C	'	'	'
Concentration of credit risk	'	'	'
Concentration risk (as a percent)	13.00%	11.00%	'
Accounts Receivable | Credit concentration risk | Customer D	'	'	'
Concentration of credit risk	'	'	'
Concentration risk (as a percent)	12.00%	'	'
Revenue | Customer concentration risk | Customer A	'	'	'
Concentration of credit risk	'	'	'
Concentration risk (as a percent)	21.00%	23.00%	28.00%
Revenue | Customer concentration risk | Customer C	'	'	'
Concentration of credit risk	'	'	'
Concentration risk (as a percent)	12.00%	17.00%	12.00%

Summary_of_significant_account5

Summary of significant accounting policies (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Numerator:	'	'	'
Net income (loss)	$22,006	($4,452,305)	$2,384,729
Amounts allocated to participating preferred stockholders under the two-class method	-2,507	'	-283,154
Net income (loss) applicable to common stockholders - basic	19,499	-4,452,305	2,101,575
Net income (loss) applicable to common stockholders - dilutive	$19,499	($4,452,305)	$2,101,575
Denominator:	'	'	'
Weighted average common stock outstanding (basic) (in shares)	52,943,203	52,187,144	49,348,033
Common equivalent shares from options and warrants to purchase common stock	1,522,082	'	2,819,459
Weighted average common stock outstanding (diluted) (in shares)	54,465,285	52,187,144	52,167,492
Basic net income (loss) per share applicable to common stockholders (in dollars per share)	$0	($0.09)	$0.04
Diluted net income (loss) per share applicable to common stockholders (in dollars per share)	$0	($0.09)	$0.04
Anti-dilutive securities excluded from computation of diluted earnings per share	'	'	'
Total anti-dilutive securities (in shares)	9,395,244	17,435,682	8,520,297
Contingently issued restricted shares	'	'	'
Anti-dilutive securities excluded from computation of diluted earnings per share	'	'	'
Total anti-dilutive securities (in shares)	1,600,000	900,000	900,000
Stock options	'	'	'
Anti-dilutive securities excluded from computation of diluted earnings per share	'	'	'
Total anti-dilutive securities (in shares)	2,458,471	8,528,816	170,543
Warrants	'	'	'
Anti-dilutive securities excluded from computation of diluted earnings per share	'	'	'
Total anti-dilutive securities (in shares)	85,629	2,055,722	182,539
Convertible debt	'	'	'
Anti-dilutive securities excluded from computation of diluted earnings per share	'	'	'
Total anti-dilutive securities (in shares)	'	'	1,316,071
Convertible preferred stock	'	'	'
Anti-dilutive securities excluded from computation of diluted earnings per share	'	'	'
Total anti-dilutive securities (in shares)	6,851,144	6,851,144	6,851,144

Summary_of_significant_account6

Summary of significant accounting policies (Details 4) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	item
Summary of significant accounting policies	'	'	'
Number of stock-based compensation programs	2	'	'
Stock-based compensation expense and assumptions	'	'	'
Total stock-based compensation expense	$1,227,369	$1,135,047	$570,810
Capitalized stock-based compensation	52,133	'	'
Stock options	'	'	'
Stock-based compensation expense and assumptions	'	'	'
Options granted (in shares)	949,300	'	'
Fair value of options granted	1,000,000	'	'
Total stock-based compensation expense	983,810	1,135,047	555,882
Capitalized stock-based compensation	100,000	100,000	'
Unamortized stock-based compensation expense	1,263,133	1,383,725	'
Weighted average remaining amortization period	'1 year 9 months 14 days	'1 year 9 months 18 days	'
Warrants	'	'	'
Stock-based compensation expense and assumptions	'	'	'
Total stock-based compensation expense	'	'	14,928
Restricted stock awards	'	'	'
Stock-based compensation expense and assumptions	'	'	'
Stock granted (in shares)	875,583	'	'
Fair value of awards granted	1,900,000	'	'
Total stock-based compensation expense	243,559	'	'
Unamortized stock-based compensation expense	1,624,187	'	'
Weighted average remaining amortization period	'2 years 18 days	'	'
Processing and service costs	'	'	'
Stock-based compensation expense and assumptions	'	'	'
Total stock-based compensation expense	238,101	262,775	135,444
Selling, general and administrative expenses	'	'	'
Stock-based compensation expense and assumptions	'	'	'
Total stock-based compensation expense	$989,268	$872,272	$435,366

Summary_of_significant_account7

Summary of significant accounting policies (Details 5)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock options and warrants	'	'	'
Assumptions used to estimate fair market value of each stock based award granted	'	'	'
Expected volatility, low end of the range (as a percent)	40.74%	45.13%	27.80%
Expected volatility, high end of the range (as a percent)	42.41%	47.36%	36.68%
Risk-free interest rate, low end of the range (as a percent)	0.94%	0.91%	1.58%
Risk-free interest rate, high end of the range (as a percent)	1.77%	1.39%	2.72%
Stock options and warrants | Minimum	'	'	'
Assumptions used to estimate fair market value of each stock based award granted	'	'	'
Expected life	'5 years 6 months 4 days	'5 years 3 months	'5 years
Stock options and warrants | Maximum	'	'	'
Assumptions used to estimate fair market value of each stock based award granted	'	'	'
Expected life	'5 years 11 months 23 days	'6 years	'6 years 3 months 25 days
Stock options | 2006 Equity Incentive Plan	'	'	'
Stock-based compensation expense	'	'	'
Percentage of awards that will immediately vest if outstanding awards are not assumed or replaced by successor	100.00%	'	'
Stock options | 2012 Equity Incentive Plan	'	'	'
Stock-based compensation expense	'	'	'
Percentage of awards that will immediately vest if outstanding awards are not assumed or replaced by successor	100.00%	'	'
Stock options | Employees	'	'	'
Stock-based compensation expense	'	'	'
Vesting period	'3 years	'	'
Expiration term	'10 years	'	'
Stock options | Employees | Each 12 month anniversary	'	'	'
Stock-based compensation expense	'	'	'
Vesting rights percentage	33.00%	'	'
Stock options | Director	'	'	'
Stock-based compensation expense	'	'	'
Expiration term	'10 years	'	'
Stock options | Director | Initial grant	'	'	'
Stock-based compensation expense	'	'	'
Vesting period	'3 years	'	'
Stock options | Director | Initial grant | 12 month anniversary	'	'	'
Stock-based compensation expense	'	'	'
Vesting rights percentage	33.00%	'	'
Stock options | Director | Initial grant | Each month thereafter	'	'	'
Stock-based compensation expense	'	'	'
Vesting rights percentage per month	2.77%	'	'
Stock options | Director | Annual grant | Each month	'	'	'
Stock-based compensation expense	'	'	'
Vesting rights percentage per month	8.33%	'	'
Warrants	'	'	'
Stock-based compensation expense	'	'	'
Expiration term	'5 years	'	'

Summary_of_significant_account8

Summary of significant accounting policies (Details 6) (USD $)

12 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Mar. 31, 2011

Dec. 31, 2013

Jul. 26, 2011

Dec. 31, 2013

Jul. 26, 2011

Jul. 26, 2011

Dec. 31, 2013

Jul. 26, 2011

Dec. 31, 2013

Jul. 26, 2011

Dec. 31, 2013

Nov. 15, 2013

Jul. 26, 2011

Nov. 15, 2013

Nov. 15, 2013

Jul. 26, 2011

Dec. 31, 2013

Dec. 31, 2013

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock

Restricted stock with performance goals

Restricted stock with performance goals

Restricted stock with performance conditions

Restricted stock with performance conditions

Restricted stock with performance conditions

Restricted stock with performance conditions

Restricted stock with performance conditions

Restricted stock with performance conditions

Restricted stock with performance conditions

Restricted stock with market conditions

Restricted stock with market conditions

Restricted stock with market conditions

Restricted stock with market conditions

Restricted stock with market conditions

Restricted stock with market conditions

Restricted stock with market conditions

Philip Beck

Philip Beck

Restricted stock with performance conditions, tranche 1

Restricted stock with performance conditions, tranche 1

Restricted stock with performance conditions, tranche 2

Restricted stock with performance conditions, tranche 2

Restricted stock with performance conditions, tranche 3

Restricted stock with performance conditions, tranche 3

Director, Chief Executive Officer and President

Minimum

Restricted stock with market conditions, tranche 4

Restricted stock with market conditions, tranche 4

Restricted stock with market conditions, tranche 4

item

Minimum

Minimum

Minimum

2012 Equity Incentive Plan

Director, Chief Executive Officer and President

item

Minimum

item

2012 Equity Incentive Plan

Long-term incentive restricted stock agreements assumptions and vesting requirements

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock granted (in shares)

'

'

'

'

'

875,583

915,000

'

'

305,000

'

47,000

'

469,000

'

'

'

200,000

'

94,000

'

'

Number of separate tranches in which stock-based award will vest

'

'

'

'

'

'

'

4

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Adjusted EBITDA per fully diluted share when upon achievement shares will vest (in dollars per share)

'

'

'

'

'

'

'

'

'

'

$0.36

'

$0.64

'

$0.71

'

'

'

'

'

'

'

Fair value

'

'

'

'

'

'

'

'

$1,800,000

$700,000

'

$100,000

'

$1,000,000

'

$2,000

$5,600

'

'

$5,600

'

'

Fair market value of stock upon achievement of which share will be vested (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$12

Number of consecutive trading days during which the fair market value of the entity's common stock must exceed the specified price in order for the award to vest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

75

'

Valuation assumptions used for estimated fair value on grant date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected life

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year 4 months 13 days

'5 years 3 months 18 days

'

'

'

'

'

Expected volatility (percentage)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

27.30%

31.68%

'

'

'

'

'

Risk-free interest rate (percentage)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.23%

2.04%

'

'

'

'

'

Closing price of common stock as reported on NASDAQ (in dollars per share)

$2.78

$3.48

$2.27

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$6

'

'

'

Number of consecutive trading days during which the closing price of the entity's common stock on the NASDAQ stock market must exceed the specified price in order for the award to vest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30

'

'

'

'

Minimum per share consideration for change in control for shares to vest (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$6

'

'

'

Fair market value of stock immediately following change of control transaction, upon achievement of which share will be vested (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$6

'

'

'

Derecognition of notes payable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes payable derecognition amount on which statute of limitations expired

'

'

'

40,000

660,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derecognition of note payable

'

'

700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other income recorded due to derecognition of note payable

'

'

700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Hurricane Sandy

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expense primarily related to the disposal of property and equipment

4,979

86,388

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Insurance reimbursement

'

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Insurance proceeds recorded as a gain in selling, general and administrative expenses

301,281

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Capital additions related to Hurricane Sandy

$500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Branded_Payment_Solutions_Acqu2

Branded Payment Solutions Acquisition (Details) (USD $)	12 Months Ended				0 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	23-May-12	Dec. 31, 2013	Dec. 31, 2012
					BPS	BPS	BPS
Branded Payment Solutions Acquisition	'	'	'	'	'	'	'
Purchase price	'	'	'	'	$3,400,000	'	'
Cash paid	'	'	'	'	1,800,000	'	'
Equity issued	'	'	'	'	1,600,000	'	'
Common stock issued (in shares)	'	'	'	'	488,337	'	'
Common stock par value (in dollars per share)	$0.01	$0.01	$0.01	$0.01	$0.01	'	'
Number of shares of common stock issued subject to technology development milestones	'	'	'	'	72,887	'	'
Fair value of common stock issued subject to technology development milestones	'	'	'	'	200,000	'	'
Professional fees	'	'	'	'	'	'	100,000
Total purchase price allocated to the assets acquired and liabilities assumed according to their estimated fair values at the date of acquisition with the remaining unallocated purchase price recorded as goodwill	'	'	'	'	'	'	'
Current assets	'	'	'	'	818,601	'	'
Property and equipment	'	'	'	'	29,758	'	'
Non-current assets	'	'	'	'	113,603	'	'
Developed technology	'	'	'	'	2,796,411	'	'
Goodwill	362,063	347,599	'	'	335,791	'	'
Total assets acquired	'	'	'	'	4,094,164	'	'
Total liabilities assumed	'	'	'	'	-672,684	'	'
Net assets acquired	'	'	'	'	3,421,480	'	'
Cash acquired, included in current assets	'	'	'	'	200,000	'	'
Amortization period of acquired identifiable intangible assets	'5 years	'	'	'	'	'5 years	'
Deferred tax liabilities that relates primarily to the future amortization of acquired intangibles	'	'	'	'	300,000	'	'
Deferred tax asset that relates primarily to acquired net operating loss carryovers	'	'	'	'	$200,000	'	'

Property_and_equipment_Details

Property and equipment (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Property and equipment	'	'	'
Total property and equipment, gross	$4,304,997	$2,947,464	'
Less: Accumulated depreciation and amortization	-2,106,357	-1,551,310	'
Total property and equipment, net	2,198,640	1,396,154	'
Depreciation and amortization expense	554,765	532,784	656,837
Equipment	'	'	'
Property and equipment	'	'	'
Total property and equipment, gross	939,129	923,356	'
Equipment | Minimum	'	'	'
Property and equipment	'	'	'
Estimated useful life	'2 years	'	'
Equipment | Maximum	'	'	'
Property and equipment	'	'	'
Estimated useful life	'5 years	'	'
Computer hardware	'	'	'
Property and equipment	'	'	'
Total property and equipment, gross	2,493,658	1,688,262	'
Computer hardware | Minimum	'	'	'
Property and equipment	'	'	'
Estimated useful life	'3 years	'	'
Computer hardware | Maximum	'	'	'
Property and equipment	'	'	'
Estimated useful life	'5 years	'	'
Furniture and fixtures	'	'	'
Property and equipment	'	'	'
Total property and equipment, gross	182,562	72,155	'
Furniture and fixtures | Minimum	'	'	'
Property and equipment	'	'	'
Estimated useful life	'5 years	'	'
Furniture and fixtures | Maximum	'	'	'
Property and equipment	'	'	'
Estimated useful life	'7 years	'	'
Leasehold improvements	'	'	'
Property and equipment	'	'	'
Total property and equipment, gross	$689,648	$263,691	'
Leasehold improvements | Minimum	'	'	'
Property and equipment	'	'	'
Estimated useful life	'5 years	'	'
Leasehold improvements | Maximum	'	'	'
Property and equipment	'	'	'
Estimated useful life	'9 years	'	'

Goodwill_and_intangible_assets2

Goodwill and intangible assets (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Goodwill	'	'	'
Goodwill, gross, at the Beginning of the period	$347,599	'	'
Acquisition of BPS	'	335,791	'
Impact of change in Euro exchange rate	14,464	11,808	'
Goodwill, net, at the end of the period	362,063	347,599	'
Intangible assets	'	'	'
Gross book value	4,983,242	4,679,552	'
Accumulated amortization	-2,162,333	-1,389,962	'
Net book value	2,820,909	3,289,590	'
Amortization period	'5 years	'	'
Amortization expense	735,265	569,721	224,486
Trademarks and patents	'	'	'
Intangible assets	'	'	'
Gross book value	1,100,696	917,456	'
Accumulated amortization	-327,200	-258,325	'
Net book value	773,496	659,131	'
Amortization period	'15 years	'	'
Technology	'	'	'
Intangible assets	'	'	'
Gross book value	3,015,192	2,894,742	'
Accumulated amortization	-967,779	-351,018	'
Net book value	2,047,413	2,543,724	'
Amortization period	'5 years	'	'
Customer contracts	'	'	'
Intangible assets	'	'	'
Gross book value	867,354	867,354	'
Accumulated amortization	-867,354	-780,619	'
Net book value	'	$86,735	'
Amortization period	'5 years	'	'

Goodwill_and_intangible_assets3

Goodwill and intangible assets (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Intangible amortization expense	'	'
2014	$677,007	'
2015	675,774	'
2016	675,378	'
2017	309,773	'
2018	70,912	'
Thereafter	412,065	'
Net book value	$2,820,909	$3,289,590

Long_and_shortterm_capital_lea2

Long and short-term capital leases (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Long and short-term capital leases	'	'	'
Less: short-term portion capital leases	($466,010)	($337,588)	'
Capital leases to various lessors secured by financed equipment with interest rates ranging from [4.67% to 14.51%]	'	'	'
Long and short-term capital leases	'	'	'
Total long and short-term portions of capital leases	949,596	701,598	'
Less: short-term portion capital leases	-466,010	-337,588	'
Long-term portion of capital leases	483,586	364,010	'
Total term debt interest expense	$60,106	$55,699	$64,462
Capital leases to various lessors secured by financed equipment with interest rates ranging from [4.67% to 14.51%] | Minimum	'	'	'
Long and short-term capital leases	'	'	'
Interest rate (as a percent)	4.67%	4.67%	'
Capital leases to various lessors secured by financed equipment with interest rates ranging from [4.67% to 14.51%] | Maximum	'	'	'
Long and short-term capital leases	'	'	'
Interest rate (as a percent)	14.51%	14.51%	'

Convertible_debt_Details

Convertible debt (Details) (USD $)

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Apr. 30, 2011

Apr. 30, 2008

Feb. 28, 2007

Dec. 31, 2012

Dec. 31, 2011

Apr. 30, 2011

Apr. 30, 2008

Feb. 28, 2007

Apr. 30, 2008

Feb. 28, 2007

Common stock

Common stock

Common stock

Common stock

Common stock

Convertible notes issued in 2007 and 2008

Convertible notes issued in 2007 and 2008

Convertible notes issued in 2007 and 2008

Convertible notes issued in 2007 and 2008

Convertible notes issued in 2007 and 2008

Common stock

Common stock

Convertible debt

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from private placement (before expenses)

'

'

'

'

'

$7,600,000

'

'

'

'

'

'

'

Debt instrument face amount

'

8,979,926

'

'

'

'

'

'

9,000,000

3,000,000

5,000,000

'

'

Convertible note term

'

'

'

'

'

'

'

'

'

'4 years

'5 years

'

'

Number of shares of common stock issued for convertible notes

'

'

'

4,049,776

1,333,333

2,272,727

'

'

'

'

'

'

'

Conversion price of convertible note (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

$2.25

$2.20

New shares of common stock issued, value

1,601,746

9,855,881

'

'

'

2,600,000

4,884

44,848

'

'

'

'

'

New shares of common stock issued

'

'

'

'

'

1,141,491

488,337

4,484,776

'

'

'

'

'

Share price of stock issued under private placement (in dollars per share)

$3.48

$2.27

$2.78

'

'

$2.28

'

'

'

'

'

'

'

Annual interest rate of convertible note (as a percent)

'

'

'

'

'

'

'

'

'

9.00%

9.00%

'

'

Interest payments of convertible note not paid through December 31, 2008

'

'

'

'

'

'

'

'

'

200,000

800,000

'

'

Shares issued in lieu of cash payments for accrued interest

'

'

'

127,318

'

'

'

'

'

'

'

'

'

Value of shares issued in lieu of cash payments for accrued interest

'

'

'

300,000

'

'

'

'

'

'

'

'

'

Shares issued in lieu of prepayment fee negotiated at the time conversion

'

'

'

297,682

'

'

'

'

'

'

'

'

'

Value of shares issued in lieu of prepayment fee negotiated at the time conversion

'

'

'

600,000

'

'

'

'

'

'

'

'

'

Prepayment fee

'

600,000

'

'

'

'

'

'

'

'

'

'

'

Convertible debt interest expense (non-cash)

'

$254,636

'

'

'

'

'

'

'

'

'

'

'

Commitments_and_contingencies_1

Commitments and contingencies (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Commitments and contingencies	'	'	'
Operating lease expense	$1,509,465	$1,515,189	$1,396,122
Maximum	'	'	'
Operating Leases	'	'	'
Renewable option term	'3 years	'	'

Commitments_and_contingencies_2

Commitments and contingencies (Details 2) (USD $)	Dec. 31, 2013
Future minimum rental payments under noncancelable operating leases	'
2014	$1,475,095
2015	1,347,295
2016	1,266,001
2017	80,602
2018	5,489
Total minimum lease payments	$4,174,482

Commitments_and_contingencies_3

Commitments and contingencies (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Analysis of the leased property under capital leases	'	'
Total capital leases, gross	$1,865,908	$882,246
Less: Accumulated depreciation	-662,082	-257,615
Total capital leases, net	1,203,826	624,631
Future minimum rental payments under capital leases	'	'
2014	509,083	'
2015	371,305	'
2016	123,179	'
2017	10,968	'
2018	3,620	'
Total minimum lease payments	1,018,155	'
Net minimum lease payments	1,018,155	'
Less: Amounts representing interest payments	-68,559	'
Present value of net minimum lease payments	949,596	'
Computer hardware	'	'
Analysis of the leased property under capital leases	'	'
Total capital leases, gross	1,607,602	882,246
Computer software	'	'
Analysis of the leased property under capital leases	'	'
Total capital leases, gross	$258,306	'

Commitments_and_contingencies_4

Commitments and contingencies (Details 4) (USD $)	12 Months Ended			0 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Sep. 01, 2013	Dec. 31, 2013	Sep. 01, 2013
	item		Fraud related to certain credit card transactions	Bank Sponsorship Agreement	Bank Sponsorship Agreement	Bank Sponsorship Agreement
						Financial Guarantee
						Minimum
Contingent liabilities	'	'	'	'	'	'
Term of Bank Sponsorship Agreement	'	'	'	'5 years	'	'
Bank sponsorship agreement fees due	'	'	'	'	'	$1,800,000
Contingent liability	0	'	'	'	0	'
Number of acquiring bank sponsoring agreements	2	'	'	'	'	'
Future minimum payments under acquiring bank sponsorship agreements	'	'	'	'	'	'
2014	356,667	'	'	'	'	'
2015	316,667	'	'	'	'	'
2016	366,667	'	'	'	'	'
2017	416,667	'	'	'	'	'
2018	300,000	'	'	'	'	'
Total payments	1,756,668	'	'	'	'	'
Employment agreements	'	'	'	'	'	'
Commitment to pay severance in event of employment termination without cause	2,000,000	1,600,000	'	'	'	'
Commitment to pay severance in event of employment termination upon change of control	2,300,000	1,900,000	'	'	'	'
Cash reserves required to be posted by merchant	'	'	$200,000	'	'	'

Convertible_preferred_stock_De

Convertible preferred stock (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013
In Millions, except Share data, unless otherwise specified			Series A Preferred Stock	Series A Preferred Stock
				Minimum
Convertible preferred stock	'	'	'	'
Shares designated (and issued)	2,243,750	2,243,750	2,243,750	'
Shares undesignated (and unissued)	'	'	1,756,250	'
Number of common shares into which each issued share to be converted	'	'	3.05	'
Total number of common shares into which issued shares to be converted	'	'	6,851,144	'
Percentage of preferred shareholders voting right required for automatic conversion	'	'	'	0.66
Valuation of the entity immediately prior to closing of initial public offering of common stock for automatic conversion	'	'	'	$50
Net proceeds of the offering for automatic conversion	'	'	'	25
Aggregate liquidation preference	'	'	9	'
Amount of purchase price to be received by holders in the event of acquisition	'	'	$9	'

Common_stock_Details

Common stock (Details) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 14, 2012

Dec. 31, 2011

Dec. 31, 2010

Apr. 30, 2011

Apr. 30, 2011

Apr. 30, 2008

Feb. 28, 2007

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

In Millions, except Share data, unless otherwise specified

item

Convertible notes issued in 2007 and 2008

Common stock

Common stock

Common stock

Common stock

Common stock

Common stock

Common stock

'

'

'

'

'

'

'

'

'

'

'

'

Number of votes to which holders of common shares are entitled for each share held at all general meetings

1

'

'

'

'

'

'

'

'

'

'

'

Number of common shares authorized

250,000,000

250,000,000

250,000,000

80,000,000

70,000,000

'

'

'

'

'

'

'

Number of preferred shares authorized

10,000,000

10,000,000

10,000,000

4,000,000

4,000,000

'

'

'

'

'

'

'

Common stock issued

'

'

'

'

'

'

'

'

'

'

'

'

Warrant exercises (in shares)

'

'

'

'

'

'

'

'

'

213,123

917,602

28,560

Employee option exercises (in shares)

'

'

'

'

'

'

'

'

'

304,769

488,513

267,573

Consideration shares upon acquisition of BPS (in shares)

'

'

'

'

'

'

'

'

'

'

488,337

'

April 2011 debt conversion (in shares)

'

'

'

'

'

'

'

'

'

'

'

4,474,776

Restricted stock grants (in shares)

'

'

'

'

'

'

'

'

'

860,739

'

915,000

Exercise of options and warrants (in shares)

'

'

'

'

'

'

'

'

'

'

'

296,133

Payment of accrued interest on convertible debt (in shares)

'

'

'

'

'

'

127,318

'

'

'

'

'

Other (in shares)

'

'

'

'

'

'

'

'

'

'

'

10,000

Total common stock issued

'

'

'

'

'

'

'

'

'

1,378,631

1,894,452

5,695,909

Additional disclosure

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument face amount

'

'

'

'

'

$9

'

'

'

'

'

'

Number of shares of common stock issued for convertible notes

'

'

'

'

'

'

4,049,776

1,333,333

2,272,727

'

'

'

Value of shares issued in lieu of cash payments for accrued interest

'

'

'

'

'

'

0.3

'

'

'

'

'

Shares issued in lieu of prepayment fee negotiated at the time conversion

'

'

'

'

'

'

297,682

'

'

'

'

'

Value of shares issued in lieu of prepayment fee negotiated at the time conversion

'

'

'

'

'

'

$0.60

'

'

'

'

'

Number of trading days period of which the average closing price of stock used for valuation of shares issued

'

'

'

'

'

'

'10 days

'

'

'

'

'

Number of days prior to conversion not used for calculation of closing price of stock

'

'

'

'

'

'

'2 days

'

'

'

'

'

Related_party_transactions_Det

Related party transactions (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related party transactions	'	'	'
Rent	$422,882	$500,785	$487,677
Consulting and professional fees	$56,986	$132,103	$74,246
BDP Realty Corporation	'	'	'
Related party transactions	'	'	'
Ownership interest owned by related party (as a percent)	33.30%	'	'

Accrued_expenses_Details

Accrued expenses (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Accrued expenses	'	'
Gift card liabilities	$1,150,096	$778,237
Professional fees	322,547	1,095,526
Bonus	419,205	852,274
Deferred revenue	549,390	292,001
Other	2,591,382	2,280,751
Total accrued expenses	5,032,620	5,298,789
Non-current portion of deferred revenue	$900,000	$0
Maximum percentage of total current liabilities	5.00%	'

Income_taxes_Details

Income taxes (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Components of income (loss) before provision for income taxes by jurisdiction	'	'	'
United States	$537,097	($6,307,445)	($1,570,453)
Outside United States	-474,222	2,002,251	4,287,085
Income (loss) from operations before provision for income taxes	62,875	-4,305,194	2,716,632
Current tax:	'	'	'
United States-State and local	5,754	11,056	5,111
Outside United States	619,043	417,837	326,792
Total current tax	624,797	428,893	331,903
Deferred tax:	'	'	'
Outside United States	-583,928	-281,782	'
Total deferred tax	-583,928	-281,782	'
Provision for income taxes, net	40,869	147,111	331,903
Amount of deferred tax asset from which it is more likely than not that the Company would realize the benefit	31,200,000	29,200,000	'
Valuation allowance	29,416,464	29,238,264	'
Deferred tax liability	1,000,000	'	'
Deferred tax liability/ net deferred tax asset	$766,242	$182,892	$0

Income_taxes_Details_2

Income taxes (Details 2) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income taxes	'	'	'
State tax, High End	'	0.20%	0.20%
Reconciliation from the U.S. Federal statutory income rate of 34.0% to the effective income tax rate	'	'	'
Federal statutory rate	34.00%	34.00%	34.00%
State tax (less than 0.2% for 2012 and 2011)	9.20%	'	'
Permanent differences	54.30%	-4.80%	15.10%
Foreign tax rates at rates different from U.S. rates	-82.70%	18.80%	-48.90%
Valuation allowance	50.20%	-51.40%	12.00%
Total tax provision	65.00%	-3.40%	12.20%
Uncertain tax positions	$0	$0	'

Income_taxes_Details_3

Income taxes (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Deferred tax assets:	'	'	'
Net operating loss carry-forwards	$27,188,180	$26,186,094	'
Stock options	3,514,890	3,312,860	'
Bonuses and salaries	33,111	279,424	'
Restricted stock	73,538	'	'
Provision for doubtful accounts	13,703	492,002	'
Foreign nonrefundable withholding tax	318,163	'	'
Other	22,937	159,225	'
Total deferred tax assets	31,164,522	30,429,605	'
Less: Valuation allowance	-29,416,464	-29,238,264	'
Net deferred tax assets	1,748,058	1,191,341	'
Deferred tax liabilities:	'	'	'
Depreciation and amortization	-981,816	-1,008,449	'
Total deferred tax liabilities	-981,816	-1,008,449	'
Total deferred tax assets, net	$766,242	$182,892	$0

Income_taxes_Details_4

Income taxes (Details 4) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Operating loss carryforwards	'	'
Valuation allowance	$29,416,464	$29,238,264
Federal	'	'
Operating loss carryforwards	'	'
Net operating loss carryforwards	70,400,000	'
State, primarily New York State	'	'
Operating loss carryforwards	'	'
Net operating loss carryforwards	$71,300,000	'

Stock_incentive_plan_Details

Stock incentive plan (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Additional information	'	'	'
Closing price of common stock as reported on NASDAQ (in dollars per share)	$2.78	$3.48	$2.27
Stock options	'	'	'
Number of options	'	'	'
Outstanding at the beginning of the period (in shares)	8,052,473	'	'
Options granted (in shares)	949,300	'	'
Options exercised (in shares)	-540,879	'	'
Options cancelled (in shares)	-65,666	'	'
Options forfeited (in shares)	-157,345	'	'
Outstanding at the end of the period (in shares)	8,237,883	8,052,473	'
Options exercisable at the end of the period (in shares)	6,774,584	'	'
Vested and expected to vest at the end of the period (in shares)	8,190,603	'	'
Weighted-average exercise price	'	'	'
Outstanding at the end of the period (in dollars per share)	$2.38	$2.34	'
Options exercisable at the end of the period (in dollars per share)	$2.31	'	'
Vested and expected to vest at the end of the period (in dollars per share)	$2.38	'	'
Weighted average remaining contractual life (years)	'	'	'
Outstanding at the end of the period	'5 years 7 months 13 days	'5 years 5 months 16 days	'
Exercisable at the end of the period	'4 years 11 months 1 day	'	'
Vested and expected to vest at the end of the period	'5 years 7 months 6 days	'	'
Aggregate intrinsic value	'	'	'
Outstanding at the end of the period	$3,766,674	$9,221,448	'
Exercisable at the end of the period	3,565,363	'	'
Vested and expected to vest at the end of the period	3,761,252	'	'
Additional information	'	'	'
Weighted-average grant date fair value for options granted during the period (in dollars per share)	$1.14	$1.20	$0.70
Total fair value of options vested during the period	949,588	1,126,087	549,802
Total intrinsic value of options exercised during the period	$212,580	$360,371	$348,153
Exercise prices for options outstanding and exercisable, low end of the range (in dollars per share)	$1.20	'	'
Exercise prices for options outstanding and exercisable, high end of the range (in dollars per share)	$4	'	'
Restricted stock awards	'	'	'
Stock incentive plan	'	'	'
Shares issued	875,583	'	'
Number of shares outstanding	1,765,333	'	'
Number of Awards	'	'	'
Non-vested awards at the beginning of the period (in shares)	915,000	'	'
Awards granted (in shares)	875,583	'	'
Awards vested (in shares)	-16,250	'	'
Awards cancelled and forfeited (in shares)	-9,000	'	'
Non-vested awards at the end of the period (in shares)	1,765,333	'	'
Weighted Average Grant Date Fair Value	'	'	'
Non-vested awards at the beginning of the period (in dollars per share)	$1.97	'	'
Awards granted (in dollars per share)	$2.22	'	'
Awards vested (in dollars per share)	$2.92	'	'
Awards cancelled and forfeited (in dollars per share)	$2.92	'	'
Non-vested awards at the end of the period (in dollars per share)	$2.08	'	'
2000 Stock Incentive Plan	'	'	'
Stock incentive plan	'	'	'
Shares available for future issuance	0	0	'
2000 Stock Incentive Plan | Stock options	'	'	'
Number of options	'	'	'
Outstanding at the end of the period (in shares)	50,000	50,000	'
2006 Equity Incentive Plan	'	'	'
Stock incentive plan	'	'	'
Shares available for future issuance	0	0	'
Aggregate shares authorized for issuance	9,330,588	9,494,355	'
Number of options issued below fair value (in shares)	0	0	'
2006 Equity Incentive Plan | Restricted stock awards	'	'	'
Stock incentive plan	'	'	'
Shares issued	915,000	915,000	'
Number of Awards	'	'	'
Awards granted (in shares)	915,000	915,000	'
2012 Equity Incentive Plan	'	'	'
Stock incentive plan	'	'	'
Shares available for future issuance	7,037,950	'	'
Aggregate shares authorized for issuance	5,000,000	'	'
Increase in number of shares reserved for issuance (as a percent)	4.00%	'	'
2012 Employee Stock Purchase Plan	'	'	'
Stock incentive plan	'	'	'
Shares issued	0	'	'
Number of shares outstanding	0	'	'
Aggregate shares authorized for issuance	800,000	'	'
Increase in number of shares reserved for issuance (as a percent)	1.00%	'	'
Additional information	'	'	'
Specified percentage used to calculate the purchase price of shares of common stock	85.00%	'	'
Duration of each offering period	'10 years	'	'
Number of Awards	'	'	'
Awards granted (in shares)	0	'	'
Non-vested awards at the end of the period (in shares)	0	'	'

Warrants_Details

Warrants (Details) (USD $)	0 Months Ended	12 Months Ended
	Dec. 17, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Additional information	'	'	'	'
Closing price of common stock as reported on NASDAQ (in dollars per share)	'	$2.78	$3.48	$2.27
Warrants	'	'	'	'
Number of warrants	'	'	'	'
Outstanding at the beginning of the period (in shares)	'	726,858	'	'
Warrants exercised (number of warrants)	'	-247,950	'	'
Warrants cancelled (number of warrants)	'	-257,008	'	'
Outstanding at the end of the period (in shares)	'	221,900	726,858	'
Warrants exercisable at the end of the period (in shares)	'	221,900	'	'
Vested and expected to vest at the end of the period (in shares)	'	221,900	'	'
Weighted-average exercise price	'	'	'	'
Outstanding at the beginning of the period (in dollars per share)	'	$2.29	'	'
Warrants exercised (in dollars per share)	'	$0.38	'	'
Warrants cancelled (in dollars per share)	'	$3.94	'	'
Outstanding at the end of the period (in dollars per share)	'	$2.50	$2.29	'
Warrants exercisable at the end of the period (in dollars per share)	'	$2.50	'	'
Vested and expected to vest at the end of the period (in dollars per share)	'	$2.50	'	'
Weighted-average remaining contractual life (years)	'	'	'	'
Outstanding at the end of the period	'	'4 months 2 days	'1 year 3 months 4 days	'
Warrants exercisable at the end of the period	'	'4 months 2 days	'	'
Vested and expected to vest at the end of the period	'	'4 months 2 days	'	'
Aggregate intrinsic value	'	'	'	'
Outstanding at the end of the period (in dollars)	'	$224,707	$1,236,845	'
Exercisable at the end of the period (in dollars)	'	224,707	'	'
Vested and expected to vest at the end of the period (in dollars)	'	224,707	'	'
Additional information	'	'	'	'
Weighted average grant date fair value for warrants granted during the period (in dollars per share)	'	'	'	$2.83
Total fair value of warrants vested during the period (in dollars)	'	'	'	11,254
Total intrinsic value of warrants exercised during the period (in dollars)	'	$594,002	$2,376,589	$26,975
Shares issued on warrant exercise (in shares)	917,602	213,123	'	'
Number of shares subject to warrant that were cancelled	464,115	34,827	'	'
Warrants | Minimum	'	'	'	'
Weighted-average exercise price	'	'	'	'
Warrants exercisable at the end of the period (in dollars per share)	'	$0.25	'	'
Warrants | Maximum	'	'	'	'
Weighted-average exercise price	'	'	'	'
Warrants exercisable at the end of the period (in dollars per share)	'	$5.50	'	'

Segment_information_Details

Segment information (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	item
Segment information	'	'	'
Number of reportable segments	2	'	'
Segment information	'	'	'
Processing and service costs	$13,048,294	$11,010,778	$9,093,674
Long-lived assets	10,300,000	9,800,000	'
Number of geographical regions in which the entity conducts its business	3	'	'
Net Revenue:	'	'	'
Net revenue	46,566,065	43,578,016	41,858,166
Gross Profit:	'	'	'
Total gross profit	33,650,276	32,634,726	30,181,154
Multi-currency processing services	'	'	'
Segment information	'	'	'
Processing and service costs	1,700,000	'	'
Net Revenue:	'	'	'
Net revenue	29,813,449	28,807,090	27,238,762
Gross Profit:	'	'	'
Total gross profit	28,133,922	28,807,090	27,238,762
Payment processing services	'	'	'
Net Revenue:	'	'	'
Net revenue	16,752,616	14,770,926	14,619,404
Number of individual merchants with revenue greater than 10% of segment revenue	0	'	'
Gross Profit:	'	'	'
Total gross profit	5,516,354	3,827,636	2,942,392
APAC	'	'	'
Net Revenue:	'	'	'
Net revenue	15,666,192	16,248,880	18,337,513
Gross Profit:	'	'	'
Total gross profit	15,572,813	16,248,880	18,337,513
North America	'	'	'
Net Revenue:	'	'	'
Net revenue	6,165,431	5,000,064	3,991,374
Gross Profit:	'	'	'
Total gross profit	6,045,441	5,000,064	3,991,374
CEMEA	'	'	'
Net Revenue:	'	'	'
Net revenue	7,981,826	7,558,146	4,909,875
Gross Profit:	'	'	'
Total gross profit	$6,515,668	$7,558,146	$4,909,875

Segment_information_Details_2

Segment information (Details 2) (Revenue, Geographical concentration risk, Multi-currency processing services)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
APAC | Customer A	'	'	'
Revenue concentration	'	'	'
Concentration risk (as a percent)	63.00%	62.00%	63.00%
APAC | Customer I	'	'	'
Revenue concentration	'	'	'
Concentration risk (as a percent)	'	12.00%	13.00%
North America | Customer E	'	'	'
Revenue concentration	'	'	'
Concentration risk (as a percent)	25.00%	18.00%	11.00%
North America | Customer F	'	'	'
Revenue concentration	'	'	'
Concentration risk (as a percent)	32.00%	44.00%	54.00%
North America | Customer G	'	'	'
Revenue concentration	'	'	'
Concentration risk (as a percent)	11.00%	11.00%	21.00%
CEMEA | Customer C	'	'	'
Revenue concentration	'	'	'
Concentration risk (as a percent)	71.00%	97.00%	100.00%
CEMEA | Customer H	'	'	'
Revenue concentration	'	'	'
Concentration risk (as a percent)	28.00%	'	'

Subsequent_eventsDetails

Subsequent events(Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Jul. 26, 2011	Jan. 02, 2014	Feb. 28, 2014	Feb. 28, 2014
				Restricted stock	Philip Beck	Subsequent event	Subsequent event	Subsequent event
					Restricted stock	Restricted stock	Philip Beck	Philip Beck
					Restricted stock with performance goals			Restricted stock
Subsequent events	'	'	'	'	'	'	'	'
Aggregate gross amount payable under separation agreement	'	'	'	'	'	'	$370,000	'
Period of base salary under separation agreement	'	'	'	'	'	'	'12 months	'
Advance payments of bonus returnable under separation agreement	'	'	'	'	'	'	$120,000	'
Restricted shares granted	'	'	'	875,583	915,000	'	'	'
Restricted shares repurchased (as a percent)	'	'	'	'	'	'	'	35.00%
Restricted shares repurchased	'	'	'	'	'	'	'	320,250
Restricted shares repurchase price	$2.78	$3.48	$2.27	'	'	'	'	$1
Awards cancelled due to the applicable performance targets not being fulfilled	'	'	'	9,000	'	416,239	'	'

Schedule_II_Valuation_and_qual1

Schedule II - Valuation and qualifying accounts (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Tax valuation allowance	'	'	'
Trade receivable written-off	$1,400,000	'	'
Allowance for doubtful accounts	'	'	'
Activity in valuation and qualifying accounts	'	'	'
Balance at beginning of period	1,484,087	1,415,638	1,354,694
Additions charged to expenses	326,457	65,623	60,944
Deductions	-1,640,870	'	'
Other adjustments	'	2,826	'
Balance at end of period	169,674	1,484,087	1,415,638
Tax valuation allowance	'	'	'
Trade receivable written-off	1,300,000	'	'
Deferred tax valuation allowance	'	'	'
Activity in valuation and qualifying accounts	'	'	'
Balance at beginning of period	29,238,264	26,452,590	26,326,256
Additions charged to expenses	903,463	2,845,531	1,218,415
Deductions	-725,263	-59,857	-1,092,081
Balance at end of period	29,416,464	29,238,264	26,452,590
Tax valuation allowance	'	'	'
Valuation allowance related to stock options and restricted stock	200,000	'	'
Increase in allowance attributable to decrease in bonus	200,000	'	'
Increase in allowance attributable to decrease in bad debt	500,000	'	'
Valuation allowance related to net operating losses	400,000	1,100,000	900,000
Valuation allowance related to stock options and salaries and bonuses	'	700,000	300,000
Valuation allowance related to depreciation and amortization	'	1,000,000	'
Decrease in allowance attributable to increase in deferred tax liability related to depreciation and amortization	'	'	900,000
Decrease in allowance attributable to reduction in allowance for doubtful debts	'	'	$200,000