40 epay segment — revenues in the epay segment , which represented approximately 29 % of total consolidated revenues for the year ended december 31 , 2018 , are primarily derived from commissions or processing fees received from mobile phone operators for the processing and distribution of prepaid mobile airtime and commissions earned from the distribution of other electronic content , vouchers , and physical gifts . the proportion of epay segment revenues earned from the distribution of prepaid mobile phone time as compared with other electronic products has decreased over time , and non-mobile content now produces approximately 62 % of epay segment revenues . other electronic content offered by this segment includes digital content such as music , games and software , as well as , other products including prepaid long distance calling card plans , prepaid internet plans , prepaid debit cards , gift cards , vouchers , transport payments , lottery payments , bill payment , and money transfer . money transfer segment — revenues in the money transfer segment , which represented approximately 41 % of total consolidated revenues for the year ended december 31 , 2018 , are primarily derived from transaction fees , as well as the margin earned from purchasing foreign currency at wholesale exchange rates and selling the foreign currency to customers at retail exchange rates . we have a sending agent network in place comprised of agents , customer service representatives , company-owned stores , primarily in north america , europe and malaysia , and ria , and xe branded websites , along with a worldwide network of correspondent agents , consisting primarily of financial institutions in the transfer destination countries . sending and correspondent agents each earn fees for cash collection and distribution services , which are recognized as direct operating costs at the time of sale . the company offers a money transfer product called walmart-2-walmart money transfer service which allows customers to transfer money to and from walmart stores in the u.s. our ria business executes the transfers with walmart serving as both the sending agent and payout correspondent . ria earns a lower margin from these transactions than its traditional money transfers ; however , the arrangement has added a significant number of transactions to ria 's business . the agreement with walmart establishes ria as the only party through which walmart will sell u.s. domestic money transfers branded with walmart marks . the agreement is effective until april 2020. thereafter , it will automatically renew for subsequent one year terms unless either party provides notice to the contrary . the agreement imposes certain obligations on each party , the most significant being service level requirements by ria and money transfer compliance requirements by walmart . any violation of these requirements by ria could result in an obligation to indemnify walmart or termination of the contract by walmart . however , the agreement allows the parties to resolve disputes by mutual agreement without termination of the agreement . corporate services , eliminations and other — in addition to operating in our principal operating segments described above , our “ corporate services , eliminations and other ” category includes non-operating activity , certain inter-segment eliminations and the cost of providing corporate and other administrative services to the operating segments , including most share-based compensation expense . these services are not directly identifiable with our reportable operating segments . opportunities and challenges our expansion plans and opportunities are focused on eight primary areas : increasing the number of atms and cash deposit terminals in our independent atm networks ; increasing transactions processed on our network of owned and operated atms and pos devices ; signing new outsourced atm and pos terminal management contracts ; expanding value added services and other products offered by our eft processing segment , including the sale of dcc , acquiring and other prepaid card services to banks and retailers ; expanding our epay processing network and portfolio of digital content ; expanding our money transfer services , cross-currency payments products and bill payment network ; expanding our cash management solutions and foreign currency risk management services ; and developing our credit and debit card outsourcing business . eft processing segment — the continued expansion and development of our eft processing segment business will depend on various factors including , but not necessarily limited to , the following : the impact of competition by banks and other atm operators and service providers in our current target markets ; the demand for our atm outsourcing services in our current target markets ; our ability to develop products or services , including value added services , to drive increases in transactions and revenues ; 41 the expansion of our various business lines in markets where we operate and in new markets ; our entry into additional card acceptance and atm management agreements with banks ; our ability to obtain required licenses in markets we intend to enter or expand services ; our ability to enter into and renew atm network cash supply agreements with financial institutions ; the availability of financing for expansion ; our ability to efficiently install atms contracted under newly awarded outsourcing agreements ; our ability to renew existing contracts at profitable rates ; our ability to maintain pricing at current levels or mitigate price reductions in certain markets ; the impact of changes in rules imposed by international card organizations such as visa and mastercard on card transactions on atms , including reductions in atm interchange fees , restrictions on the ability to apply direct access fees , the ability to offer dcc transactions on atms , and increases in fees charged on dcc transactions ; the impact of changes in laws and regulations affecting the profitability of our services , including regulation of dcc transactions by the e.u . story_separator_special_tag the revenue growth from dcc , which earns higher revenues per transaction than other atm or card based services , and the u.s. dollar weakening against key foreign currencies was partly offset by the impact of the low margin atm transactions in india . direct operating costs eft processing segment direct operating costs were $ 318.9 million for 2017 , an increase of $ 94.1 million or 42 % as compared to 2016 . the increase in direct operating costs was primarily due to the increase in the number of atms under management , the impact of our acquisition of yourcash and the impact of the u.s. dollar weakening against key foreign currencies . gross profit gross profit was $ 315.7 million for 2017 compared to $ 239.5 million for 2016 . the increase in gross profit was primarily due to the growth in revenues from the increases in atms under management and dcc transactions processed . gross margin was 49.7 % and 51.6 % for 2017 and 2016 , respectively . the decrease in gross profits as a percentage of revenue was primarily due to increased operating costs due to the expansion of our atm network , which includes fixed costs for our independent atms , the yourcash transactions which earn lower margins per transaction than other atm or card-based services in europe , along with growth in the india market where we earn lower revenue per transaction and have experienced a cash shortage in the first part in 2017 due to the demonetization initiative in the region . salaries and benefits salaries and benefits increased $ 9.9 million or 19 % for 2017 compared to 2016 . the increase in salaries and benefits was primarily attributable to additional headcount to support an increase in the number of atms and pos devices under management and our acquisition of yourcash . as a percentage of revenues , these costs decreased to 9.7 % for 2017 from 11.2 % 48 for 2016 , primarily due to growth in revenues earned from dcc and other value added service transactions on our atms under management , which require minimal incremental support costs . selling , general and administrative selling , general and administrative expenses for 2017 were $ 33.2 million , an increase of $ 2.8 million or 9 % as compared to 2016 . the increase was primarily due to the impact of our acquisition of yourcash and additional support costs as a result of the increase in the number of atms under management . as a percentage of revenues , these expenses decreased to 5.2 % for 2017 from 6.5 % for 2016 . the decreases were primarily due to the growth in revenues from dcc and other value added service transactions on our atms under management , which require minimal support costs . acquired intangible assets impairment the company recorded a non-cash impairment charge of $ 2.3 million for 2017 related to certain customer relationships as a result of the closure of the pure commerce office in south korea . no impairment charges were recorded in 2016. depreciation and amortization depreciation and amortization expense increased $ 15.6 million for 2017 compared to 2016 . the increase was primarily attributable to the deployment of additional atms , including more expensive cash recycling atms , software assets , and the amortization of atms and intangible assets related to the acquisition of yourcash . as a percentage of revenues , depreciation and amortization expense was essentially flat at 8.8 % for 2017 and 8.6 % for 2016 . operating income eft processing segment operating income for 2017 was $ 162.9 million , an increase of $ 45.7 million or 39 % as compared to 2016 . operating income for 2017 increased primarily due to higher revenues from the additional number of atms under management , growth in revenues earned from dcc and other value added service transactions and the u.s. dollar weakening against key foreign currencies . operating margin was 25.7 % for 2017 compared to 25.2 % for 2016 . operating income per transaction increased to $ 0.07 for 2017 , from $ 0.06 for 2016 . operating margin and operating income per transaction increased slightly for 2017 when compared to 2016. this increase is primarily attributable to higher operating revenues , partially offset by lower margin atm transactions for yourcash and in india , and higher costs incurred to support the additional atms under management . 49 epay segment the following table summarizes the results of operations for our epay segment for the years ended december 31 , 2018 and 2017 : replace_table_token_10_th n/m — not meaningful . revenues epay segment total revenues for 2018 were $ 743.8 million , an increase of $ 9.8 million or 1 % as compared to 2017 . the increase in total revenues was primarily due to an increase in the number of non-mobile transactions processed and the net impact of the u.s. dollar weakening against key foreign currencies . the increase in total revenues was partially offset by the asc 606 adjustment and a decrease in prepaid mobile transactions processed in the u.s. , the u.k. and australia due to competitive pressures on prepaid mobile carriers . foreign currency movements increased total revenues by approximately $ 13.8 million as compared to 2017 . revenues per transaction increased to $ 0.65 for 2018 from $ 0.62 for 2017 . the increase in revenues per transaction was primarily driven by the increase in the number of non-mobile transactions processed , for which we generally earn higher revenues per transaction than mobile transactions . direct operating costs epay segment direct operating costs were $ 564.3 million for 2018 , an increase of $ 0.2 million as compared to 2017 . direct operating costs in our epay segment include the commissions we pay to retail merchants for the distribution and sale of prepaid mobile airtime and other prepaid products , expenses incurred to operate pos terminals and the

convertible debt — on october 30 , 2014 , we completed the sale of $ 402.5 million of convertible senior notes due 2044 ( “ convertible notes ” ) . the convertible notes have an interest rate of 1.5 % per annum payable semi-annually in april and october , and are convertible into shares of euronet common stock at a conversion price of approximately $ 72.18 per share if certain conditions are met ( relating to the closing prices of euronet common stock exceeding certain thresholds for specified periods ) . holders of the convertible notes have the option to require us to purchase their notes at par on october 1 , 2020 , and have additional options to require us to purchase their notes at par on october 1 , 2024 , 2029 , 2034 , and 2039 , or upon a change in control of the company . in connection with the issuance of the convertible notes , we recorded $ 10.7 million in debt issuance costs , which are being amortized through october 1 , 2020 . $ 1.0 million of convertible notes were converted in december 2018 . 61 atm facility — on may 11 , 2018 , we entered into a short-term credit facility in the amount of $ 300 million for the sole purpose of providing cash for our atm network during the tourism season . interest was charged on this financing on an annual basis at the overnight libor rate plus 1.75 % . the facility expired on november 30 , 2018. other debt obligations — certain of our subsidiaries have available credit lines and overdraft facilities to generally supplement short-term working capital requirements , when necessary .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```convertible debt — on october 30 , 2014 , we completed the sale of $ 402.5 million of convertible senior notes due 2044 ( “ convertible notes ” ) . the convertible notes have an interest rate of 1.5 % per annum payable semi-annually in april and october , and are convertible into shares of euronet common stock at a conversion price of approximately $ 72.18 per share if certain conditions are met ( relating to the closing prices of euronet common stock exceeding certain thresholds for specified periods ) . holders of the convertible notes have the option to require us to purchase their notes at par on october 1 , 2020 , and have additional options to require us to purchase their notes at par on october 1 , 2024 , 2029 , 2034 , and 2039 , or upon a change in control of the company . in connection with the issuance of the convertible notes , we recorded $ 10.7 million in debt issuance costs , which are being amortized through october 1 , 2020 . $ 1.0 million of convertible notes were converted in december 2018 . 61 atm facility — on may 11 , 2018 , we entered into a short-term credit facility in the amount of $ 300 million for the sole purpose of providing cash for our atm network during the tourism season . interest was charged on this financing on an annual basis at the overnight libor rate plus 1.75 % . the facility expired on november 30 , 2018. other debt obligations — certain of our subsidiaries have available credit lines and overdraft facilities to generally supplement short-term working capital requirements , when necessary .
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 Suspicious Activity Report : 40 epay segment — revenues in the epay segment , which represented approximately 29 % of total consolidated revenues for the year ended december 31 , 2018 , are primarily derived from commissions or processing fees received from mobile phone operators for the processing and distribution of prepaid mobile airtime and commissions earned from the distribution of other electronic content , vouchers , and physical gifts . the proportion of epay segment revenues earned from the distribution of prepaid mobile phone time as compared with other electronic products has decreased over time , and non-mobile content now produces approximately 62 % of epay segment revenues . other electronic content offered by this segment includes digital content such as music , games and software , as well as , other products including prepaid long distance calling card plans , prepaid internet plans , prepaid debit cards , gift cards , vouchers , transport payments , lottery payments , bill payment , and money transfer . money transfer segment — revenues in the money transfer segment , which represented approximately 41 % of total consolidated revenues for the year ended december 31 , 2018 , are primarily derived from transaction fees , as well as the margin earned from purchasing foreign currency at wholesale exchange rates and selling the foreign currency to customers at retail exchange rates . we have a sending agent network in place comprised of agents , customer service representatives , company-owned stores , primarily in north america , europe and malaysia , and ria , and xe branded websites , along with a worldwide network of correspondent agents , consisting primarily of financial institutions in the transfer destination countries . sending and correspondent agents each earn fees for cash collection and distribution services , which are recognized as direct operating costs at the time of sale . the company offers a money transfer product called walmart-2-walmart money transfer service which allows customers to transfer money to and from walmart stores in the u.s. our ria business executes the transfers with walmart serving as both the sending agent and payout correspondent . ria earns a lower margin from these transactions than its traditional money transfers ; however , the arrangement has added a significant number of transactions to ria 's business . the agreement with walmart establishes ria as the only party through which walmart will sell u.s. domestic money transfers branded with walmart marks . the agreement is effective until april 2020. thereafter , it will automatically renew for subsequent one year terms unless either party provides notice to the contrary . the agreement imposes certain obligations on each party , the most significant being service level requirements by ria and money transfer compliance requirements by walmart . any violation of these requirements by ria could result in an obligation to indemnify walmart or termination of the contract by walmart . however , the agreement allows the parties to resolve disputes by mutual agreement without termination of the agreement . corporate services , eliminations and other — in addition to operating in our principal operating segments described above , our “ corporate services , eliminations and other ” category includes non-operating activity , certain inter-segment eliminations and the cost of providing corporate and other administrative services to the operating segments , including most share-based compensation expense . these services are not directly identifiable with our reportable operating segments . opportunities and challenges our expansion plans and opportunities are focused on eight primary areas : increasing the number of atms and cash deposit terminals in our independent atm networks ; increasing transactions processed on our network of owned and operated atms and pos devices ; signing new outsourced atm and pos terminal management contracts ; expanding value added services and other products offered by our eft processing segment , including the sale of dcc , acquiring and other prepaid card services to banks and retailers ; expanding our epay processing network and portfolio of digital content ; expanding our money transfer services , cross-currency payments products and bill payment network ; expanding our cash management solutions and foreign currency risk management services ; and developing our credit and debit card outsourcing business . eft processing segment — the continued expansion and development of our eft processing segment business will depend on various factors including , but not necessarily limited to , the following : the impact of competition by banks and other atm operators and service providers in our current target markets ; the demand for our atm outsourcing services in our current target markets ; our ability to develop products or services , including value added services , to drive increases in transactions and revenues ; 41 the expansion of our various business lines in markets where we operate and in new markets ; our entry into additional card acceptance and atm management agreements with banks ; our ability to obtain required licenses in markets we intend to enter or expand services ; our ability to enter into and renew atm network cash supply agreements with financial institutions ; the availability of financing for expansion ; our ability to efficiently install atms contracted under newly awarded outsourcing agreements ; our ability to renew existing contracts at profitable rates ; our ability to maintain pricing at current levels or mitigate price reductions in certain markets ; the impact of changes in rules imposed by international card organizations such as visa and mastercard on card transactions on atms , including reductions in atm interchange fees , restrictions on the ability to apply direct access fees , the ability to offer dcc transactions on atms , and increases in fees charged on dcc transactions ; the impact of changes in laws and regulations affecting the profitability of our services , including regulation of dcc transactions by the e.u . story_separator_special_tag the revenue growth from dcc , which earns higher revenues per transaction than other atm or card based services , and the u.s. dollar weakening against key foreign currencies was partly offset by the impact of the low margin atm transactions in india . direct operating costs eft processing segment direct operating costs were $ 318.9 million for 2017 , an increase of $ 94.1 million or 42 % as compared to 2016 . the increase in direct operating costs was primarily due to the increase in the number of atms under management , the impact of our acquisition of yourcash and the impact of the u.s. dollar weakening against key foreign currencies . gross profit gross profit was $ 315.7 million for 2017 compared to $ 239.5 million for 2016 . the increase in gross profit was primarily due to the growth in revenues from the increases in atms under management and dcc transactions processed . gross margin was 49.7 % and 51.6 % for 2017 and 2016 , respectively . the decrease in gross profits as a percentage of revenue was primarily due to increased operating costs due to the expansion of our atm network , which includes fixed costs for our independent atms , the yourcash transactions which earn lower margins per transaction than other atm or card-based services in europe , along with growth in the india market where we earn lower revenue per transaction and have experienced a cash shortage in the first part in 2017 due to the demonetization initiative in the region . salaries and benefits salaries and benefits increased $ 9.9 million or 19 % for 2017 compared to 2016 . the increase in salaries and benefits was primarily attributable to additional headcount to support an increase in the number of atms and pos devices under management and our acquisition of yourcash . as a percentage of revenues , these costs decreased to 9.7 % for 2017 from 11.2 % 48 for 2016 , primarily due to growth in revenues earned from dcc and other value added service transactions on our atms under management , which require minimal incremental support costs . selling , general and administrative selling , general and administrative expenses for 2017 were $ 33.2 million , an increase of $ 2.8 million or 9 % as compared to 2016 . the increase was primarily due to the impact of our acquisition of yourcash and additional support costs as a result of the increase in the number of atms under management . as a percentage of revenues , these expenses decreased to 5.2 % for 2017 from 6.5 % for 2016 . the decreases were primarily due to the growth in revenues from dcc and other value added service transactions on our atms under management , which require minimal support costs . acquired intangible assets impairment the company recorded a non-cash impairment charge of $ 2.3 million for 2017 related to certain customer relationships as a result of the closure of the pure commerce office in south korea . no impairment charges were recorded in 2016. depreciation and amortization depreciation and amortization expense increased $ 15.6 million for 2017 compared to 2016 . the increase was primarily attributable to the deployment of additional atms , including more expensive cash recycling atms , software assets , and the amortization of atms and intangible assets related to the acquisition of yourcash . as a percentage of revenues , depreciation and amortization expense was essentially flat at 8.8 % for 2017 and 8.6 % for 2016 . operating income eft processing segment operating income for 2017 was $ 162.9 million , an increase of $ 45.7 million or 39 % as compared to 2016 . operating income for 2017 increased primarily due to higher revenues from the additional number of atms under management , growth in revenues earned from dcc and other value added service transactions and the u.s. dollar weakening against key foreign currencies . operating margin was 25.7 % for 2017 compared to 25.2 % for 2016 . operating income per transaction increased to $ 0.07 for 2017 , from $ 0.06 for 2016 . operating margin and operating income per transaction increased slightly for 2017 when compared to 2016. this increase is primarily attributable to higher operating revenues , partially offset by lower margin atm transactions for yourcash and in india , and higher costs incurred to support the additional atms under management . 49 epay segment the following table summarizes the results of operations for our epay segment for the years ended december 31 , 2018 and 2017 : replace_table_token_10_th n/m — not meaningful . revenues epay segment total revenues for 2018 were $ 743.8 million , an increase of $ 9.8 million or 1 % as compared to 2017 . the increase in total revenues was primarily due to an increase in the number of non-mobile transactions processed and the net impact of the u.s. dollar weakening against key foreign currencies . the increase in total revenues was partially offset by the asc 606 adjustment and a decrease in prepaid mobile transactions processed in the u.s. , the u.k. and australia due to competitive pressures on prepaid mobile carriers . foreign currency movements increased total revenues by approximately $ 13.8 million as compared to 2017 . revenues per transaction increased to $ 0.65 for 2018 from $ 0.62 for 2017 . the increase in revenues per transaction was primarily driven by the increase in the number of non-mobile transactions processed , for which we generally earn higher revenues per transaction than mobile transactions . direct operating costs epay segment direct operating costs were $ 564.3 million for 2018 , an increase of $ 0.2 million as compared to 2017 . direct operating costs in our epay segment include the commissions we pay to retail merchants for the distribution and sale of prepaid mobile airtime and other prepaid products , expenses incurred to operate pos terminals and the

