Perlin’s Ponderings

Research evidence excerpt

Perlin’s Ponderings

RBC Capital Markets, LLC

Daniel R. Perlin, CFA (Analyst)

(410) 977-0821, daniel.perlin@rbccm.com

Matthew Inglis (AVP)

(212) 558-0412, matthew.inglis@rbccm.com

Company Ticker Rating

June 30, 2026

Affirm AFRM SP

Broadridge Financial BR OP Perlin’s Ponderings

Corpay CPAY SPRESEARCH A daily digest of commentary and news Fidelity National Info FIS OP

Quick summary: payment acceptance; financial technology; digital Fiserv FISV OP

assets Flywire FLYW OP

Payment acceptance Shift4 Payments FOUR OP

Lightspeed (LSPD: rated OP) announced an expansion of its partnership Global Payments GPN SP

with Klaviyo to enable real-time, automated email, SMS, and omnichannel HealthEquity HQY OP

marketing capabilities directly into Lightspeed Retail for the entire Jack Henry JKHY OPEQUITY Lightspeed LSPD OP customer lifecycle flow. Paysafe (PSFE: rated SP) has partnered with

Primer extend card payment processing capabilities to online merchants Mastercard MA OP

through Primer’s unified payments infrastructure. Block (XYZ: rated PicS N.V. PICS OP

OP) announced that members of Sherwin-Williams Pro+ service now Paysafe PSFE SP

have access to Square’s business management, invoicing, and payment- PayPal PYPL OP

acceptance services via the Sherwin-Williams Digital Alliance Program. Q2 Holdings QTWO SP

Adyen has received a Retail Payment Services Category II license from Rocket Cos RKT R

the Central Bank of the UAE, which gives the company control over local SS&C SSNC OP

settlements without dependence on third-party providers. Source: The Toast, Inc. TOST SP

Paypers

Visa V OP

Financial technology NCR Voyix VYX OP

Fiserv (FISV: rated OP) has partnered with Personetics, an AI-powered Wealthfront WLTH OP Western Union WU SP