Vasant Prabhu : Yes. I mean, just a couple of things. The Russia impact is a little larger in the second quarter because we had almost two quarters’ worth of service fees last year. Remember, we recognize service fees with a lag, so the service fees recognized in the first quarter were based on Q4 growth rates. So sequentially, Q1 was a little lower, so Q2 service fees will be impacted by that. Also, currency volatility is moderating as we speak. It has been moderating for a few weeks. And incentive growth is a little higher as you saw. So you put it all together, we were a little better than we expected. As you know, we thought we would be high single digits in the first quarter. We were higher for the reasons I mentioned, will be high single digits in the second quarter. That’s our expectation right now.
Al Kelly: Ryan?
Ryan McInerney : Yes, on the first part of your question, I’ve been a President now for close to 10 years, so I’ve been shoulder to shoulder with Al and Vasant and the rest of our team as we’ve made all of our key decisions, as we’ve developed our strategy, as we’ve executed our strategy. So probably won’t or shouldn’t surprise you, I’m going to continue to focus on the three growth pillars that we’ve laid out, consumer payments, new inflows and value-added services. And my priorities are going to be focused on doing everything that we can to accelerate our progress and accelerate our momentum. So how do we go to market, how do we work with clients, how do we ship product faster, how do we sell solutions more effectively to our clients?
And to part of your question, how do we organize. So earlier this month, I announced a new organizational structure that really reflects our strategy that we talked with all of you about all the time. And we believe it’s going to help us accelerate our progress in all 3 of those growth factors. To give you a quick sketch of that, Oliver Jenkyn, long-time Visa veteran, who many of you know, is going to lead a new global markets organization that includes driving our consumer payments growth in all of our markets around the world. So our five regional presidents will report to Oliver. Chris Newkirk, who formally led our strategy organization, is going to lead our new flows business unit reporting directly to me. Antony Cahill, who is our former Deputy CEO of Europe, is going to lead our value-added services business unit reporting directly to me.
So our global markets team, our value-added services business unit, our new flows business unit, all will report directly to me. And then just to round that out a little bit, Jack Forestell, who also many of you know, will become our Chief Product and Strategy Officer and will partner closely with our President of Technology, Rajat Taneja. And the two of them are focused on delivering a robust product and innovation road map, shipping world-class products and services that help our clients grow their businesses and deepen their relationships with their customers. So that gives you a sense of where we are with strategy and the organization.
Operator: Our next question comes from Ken Suchoski with Autonomous Research.
Kenneth Suchoski : Thanks for taking the question and congrats to Al and Ryan. I think you mentioned earlier that you’re keeping the second half guidance unchanged. Can you just remind us what that guidance was from either a volume or a net revenue standpoint? Just because I think we have only the prior kind of full year guidance, and I know there’s FX that’s becoming less of a headwind as you get into the second half.
