“We expect the full year run rate to be about 8 bps, so up from last year, but not as high as the second quarter.”

In context

“tion margin dollars. The other thing is we expect slightly less contribution from credit just with tougher comps in the second half of last year. So that is the TM dollars piece of it. The other part -- oh, TL. With respect to transaction loss, yes, we saw an uptick in transaction loss this quarter. It was about 9 bps. And I'd say there's 2 things that are happening here. Number one, and we talked about this, I think, when we have given our guidance at a couple of points earlier this year. Number one is normalization in transaction loss rates after what was a strong year last year. And second was as we've been implementing and launching new products, we're just seeing a little bit of an uptick there and things we have to work out and put more rules around and get those back into the flow. We expect the full year run rate to be about 8 bps, so up from last year, but not as high as the second quarter. And the other thing I would just mention is some of these other products that we've been launching and scaling just come with naturally higher loss rates, things like debit. So all of this, it's an important area. We continue to be very focused on optimizing through AI, through the team and through automation, but that's really how we're thinking about TL. Operator: Our next question comes from the line of Colin Sebastian with Baird. Colin Alan Sebastian: Maybe just quickly, would be curious, any update on Fastlane in terms of the rollout and adoption there? And if you're able to measure any uplift in volumes from that so far? Alex Chriss: Yes. Thanks, Colin. Quick update on Fastlane. We continue to roll it out. Our focus is on the largest merchants, which, again, excitement and adoption”