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 15, 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: cross-border payments; bank technology; digital Fiserv FISV OP

payments Flywire FLYW OP

Cross-border payments Shift4 Payments FOUR OP

The Financial Times is reporting that China’s central bank is launching a Global Payments GPN SP

digital currency-focused cross-border payment program called mBridge, HealthEquity HQY OP

in partnership with the central banks of Hong Kong, Saudi Arabia, Jack Henry JKHY OPEQUITY Lightspeed LSPD OP Thailand, and the UAE, and will be a competitor to Swift. Ripple

and Bitso have partnered to expand stablecoin settlement in LATAM, Mastercard MA OP

with Bitso's regulated Mexican peso-backed stablecoin, MXNB, to be PicS N.V. PICS OP

issued on the XRP Ledger (XRPL) and integrated into Ripple's Payments Paysafe PSFE SP

on Decentralized Exchange (DEX) infrastructure. Orbital, a UK-based PayPal PYPL OP

payments orchestration platform for both digital assets and traditional Q2 Holdings QTWO SP

currencies with ~$12B in annualized volume, announced plans to expand Rocket Cos RKT R

into the US, following US regulatory approvals and money transmission SS&C SSNC OP

licenses. Source: Financial Times; corporate release Toast, Inc. TOST SP

Bank technology Visa V OP

Fiserv (FISV: rated OP) announced a management change, with Takis NCR Voyix VYX OP

Georgakopoulos taking over as CEO, after Mike Lyons stepped down to Wealthfront WLTH OP Western Union WU SP