Held-to-maturity securities are re c o rded at amortized cost, adjusted for the amortization or accretion of premium and discounts. Av a i l a b l e - f o r-sale securities are re c o rded at fair value. Unrealized holding gains and losses, net of the related tax effect, on available-for- sale securities are excluded from operating results and re p o rted as a separate component of other comprehensive income/loss until realized. Realized gains and losses from the sale of available-for-sale securities are determined on a specific identification basis.  A decline in the market value of any held-to-maturity or available-for-sale security below cost that is deemed other than temporary results in a reduction in the carrying amount to fair value. The impairment is charged to operating results and a new cost basis for the security is established. Premiums and discounts are amortized or accreted over the life or term of the related held-to-maturity security or a v a i l a b l e - f o r-sale security as an adjustment to yield using the effective interest method.  Dividend and interest income are recognized when earned.  F o rw a rd foreign exchange contracts are re c o rded at fair values in the consolidated balance sheet in other current assets or other curre n t liabilities with the related gain or loss recognized in the consolidated statement of operations, unless the contracts meet certain hedging criteria. A foreign exchange contract is considered a hedge of an identifiable foreign currency commitment if (i) the contract is designated as, and is effective as, a hedge of foreign currency commitment and (ii) the foreign currency commitment is firm.  In addition, the significant characteristics of expected terms of the anticipated transaction are identified and it is probable that the anticipated transaction will occur. Gains and losses on foreign exchange contracts meeting these hedge accounting criteria are deferre d and included in the measurement of the related foreign currency transaction. Losses are not deferred if, however, it is estimated that the d e f e rral would lead to recognition of losses in later periods.  P ro p e rt y, plant, and equipment are stated at cost. Equipment under capital leases are stated at the lesser of fair value of the leased equipment and the present value of future minimum lease payments.  (e) Forw a rd foreign exchange contracts  (f) Pro p e rt y, plant and equipment  D e p reciation is calculated using the straight-line method over the estimated useful lives of the assets. Equipment held under capital leases and leasehold improvements are amortized straight line over the shorter of their estimated useful lives or the lease term.  D e p reciation and amortization rates are as follows:  Goodwill re p resents the excess of purchase price over fair value of net assets acquired. Other identifiable intangible assets are valued at their fair market value at the time of purchase.  (g) Goodwill and other intangible assets  A m o rtization is calculated using the straight-line method over the estimated useful lives of the assets as follows:  Automated teller machines 5-7 years Computers and software 3-5 years Vehicles & office equipment 5 years Cassettes 1 year Leasehold improvements Over the lease term Goodwill 7-10 years Developed technology 5 years Assembled workforce 4 years Installed base 4 years Distributor/agent relationships 8 years Trade-name 10 years The Company assesses the recoverability of this intangible asset by determining whether the amortization of the goodwill balance over its remaining life can be re c o v e red through undiscounted future operating cash flows of the acquired operation. The amount of goodwill i m p a i rment, if any, is measured based on projected undiscounted future operating cash flows. The assessment of the recoverability of goodwill will be impacted if estimated future operating cash flows are not achieved. The Company accounts for long-lived assets in accordance with the provisions of SFAS No. 121, “Accounting for the Impairment of Long-Lived Assets to Be Disposed Of.” This Statement re q u i res that long-lived assets and certain identifiable intangibles be reviewed for i m p a i rment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be re c o v e r a b l e . Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to projected undiscounted f u t u re net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be re c o g n i z e d is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets on a discounted cash flow basis. Assets to be disposed of are re p o rted at the lower of the carrying amount or fair value less costs to sell.  Other assets include deferred financing costs, investments in affiliates, and loans receivables. Deferred financing costs re p resent expenses i n c u rred to obtain financing which have been deferred and amortized over the life of the loan using the effective interest method.  (h) Impairment of long-lived assets  (i) Other assets  3 0