First Data 2014 Annual Report Download - page 154

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
(A Joint Venture)
Financial Statements
December 31, 2014 and 2013
(Dollars in thousands, unless otherwise noted)
recoveries, on total processed volumes. The Company calculates its provision and evaluates the appropriateness of its reserves on a monthly basis.
The following is the activity related to the reserve for merchant credit losses for the years ended December 31, 2014 and 2013:
Beginning balance as of January 1, 2014 $ 3,361
Provisions for credit loss
10,375
Charge-offs, net of recoveries of $387
(9,229)
Ending balance as of December 31, 2014 $ 4,507
Beginning balance as of January 1, 2013 $ 3,338
Provisions for credit loss
6,920
Charge-offs, net of recoveries of $334
(6,897)
Ending balance as of December 31, 2013 $ 3,361
 
The Company has evaluated the subsequent events from the balance sheet date through February 19, 2015, the date at which the financial statements
were available to be issued, and determined that there are no other items to disclose.
154