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 22, 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

payments Flywire FLYW OP

Digital payments Shift4 Payments FOUR OP

Nuvion, an AI-powered global banking and cross-border payments Global Payments GPN SP

platform, has partnered with Visa (V: rated OP), to integrate Visa Direct HealthEquity HQY OP

into its financial infrastructure platform, enabling businesses to manage Jack Henry JKHY OPEQUITY Lightspeed LSPD OP global payouts alongside multi-currency accounts, cards, foreign exchange

services, and stablecoin settlement rails through a single infrastructure Mastercard MA OP

layer. The Solana Foundation has partnered with South Korea’s Toss PicS N.V. PICS OP

Bank, to use Solana for its cross-border remittance and settlement proof Paysafe PSFE SP

of concept (PoC), exploring stablecoin integration, payments, and RWA PayPal PYPL OP

tokenization in phases. Source: corporate release; Finextra Q2 Holdings QTWO SP

Financial technology Rocket Cos RKT R

First Commerce Bank, a $1.8B community bank in New Jersey, has SS&C SSNC OP

selected FIS (FIS: rated OP) HORIZON as its modern core system, Toast, Inc. TOST SP

which positions First Commerce Bank to pursue AI-powered capabilities, Visa V OP

including standardized data feeds and agentic commerce tools, as its NCR Voyix VYX OP

strategy evolves. The Federal Reserve has proposed requiring payment Wealthfront WLTH OP Western Union WU SP