Operator: Your next question comes from the line of Andrew Jeffrey.
Andrew Jeffrey: And I’m going to ask another Payzer question, Melissa. Appreciating the commentary around the intersection of software and payments. Could you elaborate a little bit on how WEX plans to monetize payments at Payzer? Is it going to be largely V-card issuance? I’m just trying to understand the mechanics and maybe the selling motion around that.
Melissa Smith: Yes. So I’ll start with the opportunity for us as we’ve modeled it right now is to take the customers that we have and expose it to Payzer so that we’re increasing the growth rate of their existing product set. I would say that’s kind of like a phase 1. What you’re talking about is that we do also believe that there’s an opportunity to monetize payments in their workflow stream largely through virtual card payments. So it’s a secondary synergy though, in our mind. The first is take this sales motion that’s already working and exposing it to customers that we have within our existing customer base.
Andrew Jeffrey: Okay. Understood. And then just a question on the Corporate Payments. Is that an area — I mean, outside of travel, some nontravel corporate payments, is that an area where you’re still focused on building out or acquiring technology around bill pay or full stack AP automation or purchase order workflow? Just trying to think about how that business evolves over the next couple of years.
Melissa Smith: Yes, the 2 key products that we have within our Corporate Payments is embedded payments product, which is what we’re using with our travel customers and also with other fintech companies. And so we’ve got a sales pipeline associated with that. We’ve actually just had some contract signings associated with that this year. And then the second one is an AP-direct product, where we are and have been adding to our sales force admittedly, we have a smaller sales force on the AP-direct side, but we do have a sales force that is out there selling that product both directly in directly through mostly financial institutions. And so growth for us is going to come in both those categories. We have not been really focused around how we’re going to add through M&A into that capability right now amongst the other priorities that we have.
Operator: And our final question will come from Sheriq Sumar.
Sheriq Sumar: I want to follow up on the Corporate Payments side, within the nontravel segment. Just wanted to get a sense as to what’s the outlook over here in terms of like Q4 and even in 2024? I mean in terms of more like strategic priorities, because I think the growth obviously is kind of pacing off. So just wanted to get a sense as to how do we think about once, I guess, the travel laps the tougher comps in ’24.
Melissa Smith: Yes. So when we look at this segment, so we’ve got long-term guidance for this segment of 10% to 15%. And if you split that into 2, so first of all, I’d say we think about it as a segment guidance, so it includes everything that’s in there. But from a sales motion perspective, we’re focusing on outpacing the growth in travel that’s happening within the travel marketplace, which has historically been a high teens — I mean, sorry, a high single-digit number. And then on top of that, we’ve been building a pipeline both in the direct and the embedded payments side of our business with the idea that growth would come from both of those, although largely probably more on the embedded payments just given the size of the embedded payments business. And that’s how we’re putting together the pieces to get to the 10% to 15% growth.
Operator: And I will now hand it back over to Steve Elder for closing remarks.
Steven Elder: Great. Thank you, operator — thank you, Bailey. Appreciate everyone joining us today, and we look forward to speaking to you again with our fourth quarter earnings early next year. Thank you.
Operator: And this concludes today’s conference call. You may now disconnect.
