ipo four years ago and they wonder, on the backend, is first data processing the transactions? why hasn't your company benefited similarly? >> this is waterfront property. we came up with the lbo and hit the worst financial time in the world and, at the same point in time -- >> so did mastercard and visa. >> a lot of money was chasing payments. the position of the company was not designed to invest. now it is designed to invest and grow. we have built seven products over the past year. payment is a growth industry and you will see us continue to grow. >> what role will acquisitions play in the future? you have but three companies in the past year? >> yes. they are all technology companies, all someone startups that we enable. i am proud of the work our technology team does.