Will Nance

it seems like TSYS is only 40% less than half of the Payments business, so really kind of highlighting the diversity of the segment

put a finer report on the expectations for the acceleration in recurring over the course of the quarter

I wanted to ask about the technology outage in 1Q. Is there any impact from this in the numbers here

you've been calling out the PayFac grow-over issues for a bit now. Just remind us again when those lap

I know that you guys had some targets out for 2026 as well. I don't think you've addressed those

I was wondering if you could maybe put your PNC hat back on for a second and talk a little bit about how the macro environment we entered

is there is there room to operate at the higher end of that margin expansion target while the sales momentum is going strong

maybe talk to either why those wouldn't continue into next year or if they are and we're supposed to kind of take from that

can you talk about that in the context of your next-gen platform and the journey that you've been on for the last couple of years

I was wondering if you could talk around competitive dynamics on payments and card

if you could expand a little bit on the pricing and competitive environment out there. And in particular, there's been a lot of focus around some of the core consolidation happening at the competitors

give an update or your kind of latest thinking on any opportunities internally to increase efficiencies, any asset sales

looking for your updated thoughts on capital allocation and if there's anything that's sort of top of mind for you

how you're thinking about capital allocation and the M&A environment? We touched a little bit on bank M&A

is there anything in that back half growth rate you would caution us against run rating into the first half of the following year

Can you talk about the evolution of that strategy maybe in the context of the planned divestiture

can you talk about just the renegotiation as it relates to your existing Capital One cards outstanding? Are you expecting your share of Capital One credit volumes to remain stable

I wanted to ask about some of the consumer data fees that some of the large banks are talking about applying

the competitive dynamics with some of the local schemes being folded up into the European payments initiative

if you could just quantify some of the run rate financial impacts you're expecting on the Blue Owl offloading

I'm just wondering if you've made any changes to underwriting or how you would think about changes to underwriting in the face of merchants facing cash flow strains

the advisory question on the regulatory environment. CCPA has been and then there's quite a bit

how you see the role of stablecoins in that space? Is it on the pricing side, the settlement side?

if you could double-click again on some of the comments you shared around the incentives outlook

if there's anything obvious that you would attribute this acceleration over the past couple of months

how you're prioritizing kind of more top-of-funnel initiatives like driving network density and overall MTUs

I was wondering if you could talk on MAU growth. I think it came in a little bit stronger than what the Street was looking for

I wanted to maybe talk about your hiring on the Square side of the business and particularly on field sales