“Because it's certainly a possible outcome that there's no change in our target and even a modest change in our target with a 30% plus ROE is not going to have any material impact on share repurchase, or the trajectory of our EPS growth that we've laid out in the growth plan.”

In context

“f over 30%. So our ability to quickly replenish capital whenever we need to without, frankly, taking more than a brief pause from share repurchase is very high. Third, I know there's been a lot of attention paid to different iterations of Basel, the Basel III end game, particularly around ops risk. I guess I'd also just remind people, ops risk is only one component. There are other components that probably have some positive and probably have some negative impacts on us. So I guess my -- but we'll have to see whenever the final rules come out. We've been waiting for them for actually like much of my tenure here. But they may come out hopefully later this month. And the devil is in the details here. But I think my overarching message is we don't see it as a material event for this company. Because it's certainly a possible outcome that there's no change in our target and even a modest change in our target with a 30% plus ROE is not going to have any material impact on share repurchase, or the trajectory of our EPS growth that we've laid out in the growth plan. Operator: Thank you. So our final question is coming from Mihir Bhatia of Bank of America. Please go ahead. Mihir Bhatia: Thank you for taking my questions and good morning. First off, congratulations, Jeff. Thank you for all your help and welcome, Christophe. I look forward to getting to know and working with you. I wanted to switch gears a little bit and talk about the process revenues of the network partnerships, I think the old GNS business. It seems like, there's been a little bit of momentum in terms of signing some new partners recently. I believe this quarter, we actually saw the launch of the Square Card and processed volumes grew faster than bill business this quarter. So just wondering if you could talk about that business a little bit more. Has there been something -- has some”