“So in terms of merchant processing, we have been making a number of investments over the years and continue to expect that high single digit in terms of that sort of thing.”

In context

“n't make -- that seem punitive at this point in time. So, I do think there's a number of different areas where there's opportunity for adjustment. Operator: Next, we'll go to Vivek Juneja with JPMorgan. Vivek Juneja: Shifting gears from capital, given that you made a lot of progress to just your normal business. Payments, you've talked, Andy, about wanting to grow merchant processing high -- mid- to high single digits, really more in the high single digits, and some of the others in the low double digits, like corporate payments. Any color on -- any thoughts on how you get back up there because that hasn't been the case the last couple of quarters, what you need to do or change or what would help you get that? Andy Cecere: I'm going to ask John to start then I'll add in. John Stern: Sure. So in terms of merchant processing, we have been making a number of investments over the years and continue to expect that high single digit in terms of that sort of thing. The numbers are have been have been strong this quarter, but there's normalization that has been happening. And so in the quarter -- the quarter-to-quarter here, the last several quarters, there's been a lot of the nuances coming out of the COVID and all those sorts of things. So, if you think about airline tickets and hotels and corporate T&E, those have been very strong, but they are normalizing. That said, services and retail have been strong. And so -- and the retail print that we saw yesterday was very constructive. So we feel like there's good underpinnings there in addition to the investments that we make to continue to believe and give confidence in that -- in our projections there. Andy Cecere: And I think two of those important investments, Vivek, our tech-led initiative, which”