Transcript

When government and private partners pull in the same direction, that's what works best for everyone. That's where the magic happens. We can bring our data, we can bring our technology, and we can bring our insights to help Dr. modernization. We're entering the era of agentic commerce, a foundational shift that will redefine how consumers, businesses, and governments interact. Moving us from clicks to outcomes in this rapidly evolving landscape. Agentic AI is a natural extension of MasterCard Services strategy and we're building the infrastructure, the standards and the partnerships to ensure agentic systems are secure, private and user controlled. For our customers in the public sector, agentic commerce can make government related services smarter, safer, more personal and stronger. We are using AI. Fight AI, we have to do that in order to combat the way the fraudsters are utilizing technologies to get better, faster and infiltrate our ecosystem. Add to that the fact that quantum is coming at us fast and quantum resistant technologies and zero trust architectures are very critical in also combating all the crime that we're seeing. Our point to a few things to watch as we're looking at 2026. The first one is the state of the labor market and specifically I would pay attention to. Job creation across different sectors of the economy. I would also look specific to the labor market, the churn in the workforce. Are you seeing people be able to change jobs, find new skill sets, and continue to contribute in a meaningful way to the broader economy? In addition to the labor market, I pay attention to the consumer, the heart of the economy. How are you seeing consumers deploy their purchasing power? Are you seeing consumers continue to engage spending on experiences? Handball spending on real, tangible and directed goods and a result of that will really influence the broader trends of the economy in 2026. Public sector recently has just wanted to be more innovative in their solutions. The government has become a lot more. Fast track and how they want to implement change. I think it's, it's finding win win solution that's understanding everyone's limitations. It's understanding where there can be growth. It's it's bringing realistic solutions to the table. So I, I do feel that MasterCard has come to the table with the correct tools to help us identify those. I also feel that with the bank and our long standing relationship with the federal government, we brought the first purchase. Word program, it's been a wonderful partnership and experience with MasterCard because you do bring the realistic solutions to the table for us to offer. You know, the demographics are changing, so we need to take a look at that and figure out how we make it easier for everyone to make a payment or take a payment, whether it be a retiree, whether it be a young college person. We got to be able to cover the whole gamut of age gap. We've got to give them the ability to be included in everything that occurs, not just. Those that can do these events are absolutely worthwhile because even someone for myself, we've been doing this for over 40 years. You wanna hear the perspective from different people at different times, you know, different demographic of what they're chasing, what they're looking to do. Love our partnership with MasterCard. We've been working like I said, exclusively for what the team for about 6 or 7 years now. We consume a lot of the MasterCard products. I think in all that it's a lot about, you know, collaboration, responsiveness. You know, kind of working collectively. What MasterCard is come and brought to the table today is your commitment to public sector, how you want the partnerships and the collaboration with both the client and with your issuing banks or your requiring banks. You're just committed to the public sector. You're committed to bring solutions and innovations. Just thankful for your partnership.