Perlin’s Ponderings

研报英文原文证据摘录

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 11, 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: Visa Payments Forum; financial technology; consumer Fiserv FISV OP

checkpoint Flywire FLYW OP

Visa Payments Forum Shift4 Payments FOUR OP

Visa (V: rated OP) announced a suite of new AI, stablecoin and token Global Payments GPN SP

capabilities at its Payments Forum. On AI, Visa detailed its Intelligent HealthEquity HQY OP

Commerce platform, including a strategic partnership with OpenAI to Jack Henry JKHY OPEQUITY Lightspeed LSPD OP enable secure payments within agentic experiences, and an LLM trained

on billions of transactions to improve fraud detection and authorization Mastercard MA OP

performance. On stablecoins, Visa is expanding settlement pilots with PicS N.V. PICS OP

an annualized run rate of ~$7B as of March 2026, building technology Paysafe PSFE SP

to allow banks to turn traditional deposits into programmable digital PayPal PYPL OP

money (tokenized deposits), and now has more than 160 stablecoin- Q2 Holdings QTWO SP

linked card programs live or in development globally. Visa also announced Rocket Cos RKT R

enhancements to its token infrastructure, embedding richer identity and SS&C SSNC OP

behavioral signals into credentials to support AI-driven commerce across Toast, Inc. TOST SP

devices and channels. Source: corporate release

Visa V OP

Financial technology NCR Voyix VYX OP

FirstOntario Credit Union partnered with FIS (FIS: rated OP) Everlink Wealthfront WLTH OP Western Union WU SP