Barry McCarthy : So in the Payments business, in the Merchant business, as I said earlier, we feel great about our Merchant acquisition, our activation which is about new merchants. And we think that as spending, consumer spending normalizes again, we’ll return to more normal volumes, which would be helpful for us. And similarly, in our B2B payment space, we’ve got a number of plays, including products that will be introduced later in the year that we think will help us bring additional revenue and get us back to what we consider a more normal growth path in that business. So we feel pretty great about the blend before the year, we feel great about Payments. The Data business, of course, is terrific, although that business can be slightly more lumpy. We feel very great about that business overall and feel great about our guidance for the rest of the year.
Thomas Ginsburg: Okay. And I actually have 1 more question, sorry. It’s about First American. So it’s been about 2 years since obviously, our biggest acquisition to date in First American. So how is that asset performing compared to your expectations? And what is your plan for growing that asset over the next 12 months?
Chip Zint: So overall, we are very, very pleased with that acquisition. It’s the largest we’ve ever undertaken in the company’s history. We actually also believe it’s the most successful. Let me just give you a couple of examples there. When we acquired the business, it was a low single-digit revenue grower. We think that we have made it a sustainable mid-single-digit. Revenue grower, very pleased by that. We think there’s additional upside potential there. We’ve done it by unleashing and bringing the great distribution that Deluxe has in the financial institutions. We have 4,000 bank partners. We have millions of small business customers. And as a result, the profile of the partnership wins within First America has expanded to larger-scale banks.
I think it’s over a 50% increase in the average size of the bank that we are now targeting, and we are winning as well as the number of wins in banks overall are up significantly, I think, over — well over 50% increase in the bank win rate as well. So we feel great about it. We think that there’s continued future upside. And as far as where we go next, I think you’ll continue to see us invest in higher-growth segments and market verticals, where we think we have a right to win. We’ve got great distribution and existing relationships.
Thomas Ginsburg: Perfect. Thank you so much.
Operator: Your next question is from the line of Marc Riddick with Sidoti.
Marc Riddick: Hey. Good morning, everyone. So I wanted to — actually, that kind of dovetails into one of the areas I was going to ask about. And that was around what you’re looking at as far as the acquisition pipeline and maybe how are you sort of feeling about potential add-ons and maybe the valuation that maybe you’re seeing out there? And then I have a couple of follow-ups after that.
Barry McCarthy: Appreciate the question, Marc. Let me start by being really, really clear. Our primary focus today is debt reduction and improving our leverage ratio. And the way we’re going to do that is by growing our business faster than we’ve grown it before and doing a better job on the cost side. And those things we think will deliver great shareholder value. Now also note, and I think you’re alluding to the fact that when we bought First American, we were really clear that we were buying a platform for future growth that has the capacity and capability from bolt-on acquisitions. We fundamentally still believe that is true, and we believe we will absolutely move in that direction at the appropriate time. But our immediate priority is to improve the leverage ratio and do that through improving our operations.
And that’s also why we’re really pleased with what happened in the second quarter and of the whole first half and what we’re able to forecast for the full year. I think it’s showing our focus there is yielding benefit.
