Question-and-Answer Session
Operator
Thank you. (Operator Instructions) Your first question comes from Adam Tuckman – GoldenTree Asset Management.
Adam Tuckman – GoldenTree Asset Management
The operating income on the Global Funds Transfer segment of $13.4 million, I just want to confirm that's after the $12 million and $9 million accrual and provision has been taken out?
Anthony Ryan
Yes, that's correct.
Adam Tuckman - GoldenTree Asset Management
And given it's basically nonrecurring, if you were to add that back you basically had close to 13% EBIT margins. And what I'm trying to understand is, on a going forward basis is that the right range for this business? It was 14% in the first quarter, 13% in the second. Do you envision this staying in the low teens?
Anthony Ryan
Yes. We're not doing projections in terms of what the operating margins would be on a go forward basis, but I would confirm the numbers would be correct the way you're looking at it for second quarter.
Adam Tuckman - GoldenTree Asset Management
And then in terms of agent locations, the 15% year-over-year, is there a way to translate that into a sequential number?
Pamela Patsley
Sequential we were flat. In other words, March quarter '09 to June quarter '09, 180,000.
Adam Tuckman - GoldenTree Asset Management
So does that pick back up in the second half just in terms of growth on the agent side?
Pamela Patsley
Yes.
Operator
(Operator Instructions) Your next question comes from Robert Dodd - Morgan Keegan & Company.
Robert Dodd - Morgan Keegan & Company
On the Payment Services customers first, it's a business we still care about some, the obligations on the balance sheet were pretty close, well, essentially flat sequentially. Are you been expecting customers to continue transitioning off? How far are we through the process? Is that number going to stay flattish or does it still have a material amount to decline to get all the customers who are going in-house?
Anthony Ryan
What we're going to see, I think, there is a slow decline. We have repriced most of the business at this point with an additional fee component and we're just about complete with that process now and we will see some runoff in balances. It will be a slow decline.
And I would keep in mind that those balances, too, have long-term components and some of those items are outstanding for quite a period of time. So we think that there will be attrition, but it will be a much more profitable as we reprice it.
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