Revenues derived from our products sold at our four largest retail distributors represented the following percentages of our total operating revenues:



	Three Months Ended June 30,		Six Months Ended June 30,
	2013	2012	2013	2012
Walmart	65%	64%	66%	64%
Three other largest retail distributors, as a group	22%	21%	22%	21%

Excluding stock-based retailer incentive compensation of $2.0 million and $2.6 million for the three-month periods ended June 30, 2013 and 2012, respectively, and $3.6 million and $5.8 million for the six-month periods ended June 30, 2013 and 2012, respectively, revenues derived from our products sold at our four largest retail distributors represented the following percentages of our total operating revenues:



	Three Months Ended June 30,		Six Months Ended June 30,
	2013	2012	2013	2012
Walmart	65%	65%	66%	65%
Three other largest retail distributors, as a group	21%	21%	21%	20%

The concentration of GPR cards activated (in units) and the concentration of sales of cash transfer products (in units) derived from our products sold at our four largest retail distributors was as follows:



	Three Months Ended June 30,		Six Months Ended June 30,
	2013	2012	2013	2012
Concentration of GPR cards activated (in units)	85%	88%	84%	88%
Concentration of sales of cash transfer products (in units)	87%	88%	88%	89%

Settlement assets derived from our products sold at our four largest retail distributors comprised the following percentages of the settlement assets recorded on our consolidated balance sheet:



	June 30, 2013	December 31, 2012
Walmart	41%	35%
Three other largest retail distributors, as a group	50%	38%