Ladies and gentlemen, good morning. Thank you for standing by, and welcome to the FIS First Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to our host, Senior Vice President, Ms. Mary Waggoner. Please go ahead.

Thank you, Tom, and thanks to everyone joining us this morning for our first quarter earnings report. With me to discuss our first quarter results are Frank Martire, Chairman and Chief Executive Officer; Gary Norcross, President and Chief Operating Officer; and Woody Woodall, Chief Financial Officer. In addition, Mike Hayford will join us for the Q&A portion of the call. Today's news release and supplemental slide presentation have been posted to our website at fisglobal.com. A replay of today's presentation will be available shortly after the call. Please refer to the Safe Harbor language on Slide 3 of the presentation. Today's discussion will contain forward-looking statements. These statements are subject to risks and uncertainties as described in the press release and other filings with the SEC. The company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Today's remarks will also include references to non-GAAP financial measures in order to provide more meaningful comparisons between the periods presented as outlined on Slide 4. Reconciliations between GAAP and non-GAAP results are provided in the attachment to the press release and the supplemental slide. I will now turn the call over to Frank Martire. Frank?

Thanks, Mary. Good morning, everyone, and thank you for joining us on today's call. I'll begin today's business review with a summary of our financial performance and business highlights for the first quarter. Gary will follow with the business strategy and operations report, and Woody will provide additional insight into our first quarter financial performance and our outlook for the remainder of 2013. As shown on Slide 6, our first quarter results was very strong, including organic revenue which increased 5% compared to the first quarter of 2012. We continued to deliver on our financial targets and execute our strategy to maximize performance. This is evidenced by organic growth of 5% or better in 8 of the last 10 quarters. Our first quarter top line growth was driven by solid results across all businesses. Consolidated EBITDA grew 8% and our margin expanded 110 basis points. Adjusted earnings per share rose to $0.62, up 17% from the first quarter of 2012. This is a tremendous accomplishment on all fronts. We are encouraged by this healthy start to the year and our progress towards achieving our 2013 goals. Turning to Slide 7, I will highlight a few key accomplishments for the quarter. We continued to solidify our market leadership position as we leverage our global client base and the breadth and depth of our solutions. Our best in class solutions have produced intangible benefits as illustrated by our growing global scale and the expanding client relationships. Additionally, we continued to make steady gains in expanding our share of wallet in the large North American and international financial institution sector. These inroads reflect new outsourcing agreements with GE Capital Bank and the FirstBank of Puerto Rico, along with strong growth within our consulting business. Continuing on Slide 8. We remain highly focused on…

Thanks, Frank, and thanks again to everyone for joining us this morning. As Frank mentioned, we are off to a very strong start for the year. Our continued sales execution and our ongoing focus on operational efficiency translated into consistent execution, including solid top line growth and margin expansion. My remarks this morning will cover several key topics. First, I will cover global sales execution and provide examples of continued demand for our full breadth of solutions. Second, I will discuss trends and new opportunities in each of our key markets. Last, I will highlight key innovation underpinning trends across all markets. I will begin with our global sales performance on Slide 10. Ongoing investment spending by our clients, coupled with strong sales execution, drove a strong increase in new sales to financial institutions in the first quarter. The pipeline continues to grow, and we see opportunities across all the markets that we serve. As we highlighted last quarter, deals' scope and size are expanding. This quarter, we continued to see larger transaction opportunities as we signed several significant deals greater than $25 million in contract value. This continues to amplify our success in meeting client needs through our innovative solution combinations, not only in our community markets but in the larger financial institution market as well. These trends are driving consistent top line growth and EBITDA for FIS, thanks to our solution depth and breadth, market diversity and global scale. Next, I will discuss trends and new opportunities in each of our key market segments beginning with North America on Slide 11. The overall spending outlook continues to improve despite ongoing regulatory scrutiny. As clients center on growing their businesses and optimizing their cost structures, changing consumer preferences, including how they engage with financial services providers, has accelerated the…

Thanks, Gary. I'll begin on Slide 17 with a summary of our consolidated results. Consolidated revenue increased 4.6% to $1.5 billion and grew 4.8% on an organic basis after normalizing for currency and acquisitions. EBITDA grew 8.5% to $428 million, and the margin improved 110 basis points to 29%. Adjusted net earnings from continuing operations increased to $182 million, and adjusted earnings per share increased 17% to $0.62 compared to $0.53 in the prior year. These results include approximately $14 million in previously disclosed termination fees, which partially offset the related loss of high margin account processing revenue. As previously discussed, the fees are more heavily weighted in the first half of the year. These, as well as other fees, contributed to the margin expansion in the first quarter. Next, I will continue on Slide 18 with the segment review. Financial Solutions revenue increased 6.8% to $575 million in the first quarter and grew 4.6% organically, driven by growth in consulting, global commercial services, mobile and eBanking solutions. Financial Solutions EBITDA increased 9.5% to $228 million, and the EBITDA margin expanded 100 basis points to 39.6%. Turning to Slide 19. Payment Solutions revenue increased 2.5% to $612 million and increased 3.8% excluding the check businesses. We experienced continued growth in the NYCE PIN-debit network and bill payment solutions, following strong volumes in the first quarter of 2012. The current quarter also benefited from higher volumes in our output solutions business. Payment Solutions EBITDA increased 8.6% to $258 million in the quarter, and the margin increased 240 basis points to 42.2%. Now I'll cover our international business on Slide 20. Organic revenue growth accelerated to 10.8% in the first quarter, in line with our expectation, led by double-digit increases in Latin America and Asia Pacific. We continued to benefit from strong…

[Operator Instructions] Our first question today comes from the line of Glenn Greene representing Oppenheimer. Glenn Greene - Oppenheimer & Co. Inc., Research Division: I guess the first one for Gary, just wanted to kind of drill down on some of the sales trends, and maybe first of all, you can sort of give us a frame of reference for sort of aggregate sales growth year-over-year. And you gave a lot of color on sort of the various piece parts being like North America, international, some of the global FIS, could you talk about the specific sales growth trends within those subcategories?

Yes. Well, first, thanks for the notice on the quarter. The team really worked hard, and we're getting some strong results. We have seen strong results across all of our markets. So if you look at community markets, large financial or international markets, we continue to see strong growth in all those categories around outsourcing type services and consulting-related services. If you look, if you remember, we had a slow start last year in our North American financial institution specifically, so we're very pleased to see that return and show nice growth year-over-year. And we highlighted that in the script. We're not going to every quarter give percentage increases year-over-year, we think that's a little less relevant than more than just direction of how the business are performing. But suffice it to say, in all of our markets, we're seeing good growth around outsourcing, a good nice mix between core banking and payments as we move up market heavily augmented with consulting and professional services, and our international market is converting heavily towards outsourcing at a pretty rapid rate. So everything very positive for the quarter from a sales standpoint. Glenn Greene - Oppenheimer & Co. Inc., Research Division: Okay. And then on the margin side, it looked like every segment had pretty solid sort of year-over-year margin expansion, most notably the Payment Solutions, and I think that's a few quarters in a row, or at least 2. And that's despite sort of like still okay growth, but not great growth. Is -- are sort of the EBITDA margins within Payment Solutions sustainable? And what's kind of driving the margin expansion on the context of still sort of soft growth there?

Yes, well, a couple of things. We've talked about in the past, we have such significant scale in North America around our payments. You see incremental revenue growth come on at very high margins. So are the margins going to be sustainable? Yes, as long as we have that growth, the team does an excellent job of controlling their costs. And it goes back to our leveraged processing environment. So as you bring these incremental transactions, whether it's on NYCE, whether it's on bill payment, whether it's on debit or credit, you're seeing those incremental fees. We also have some layering-in around term fees from M&I that we talked about in the investor update as well. But all in all, we are very pleased with payment performance. NYCE is continuing to perform very well, as Woody highlighted, bill payments continue to highlight very well, and you're just seeing the scale of that processing environment.

Some of those term fees that I mentioned in the call really aligned into both FSG and PSG, and gave a bit of a tailwind in the quarter. Glenn Greene - Oppenheimer & Co. Inc., Research Division: All right. I was going to ask for sort of what's reported, but it sounds like it was across both FI and payment.

That's correct.

The next question comes from Brett Huff with Stephens Incorporated.

Can you talk a little bit about the security spend? I know you detailed some of this last year and on your Investor Day, positioning that as something that you need to do, but also potentially a competitive advantage. You mentioned in the release that, that was something that would continue, but you also noted it seems like maybe $15 million year-over-year in corporate was largely driven by that. Should we expect that same level going forward or does it increase or moderate, a? And then b, is that driving incremental competitive advantage as you close deals?

I'll talk about kind of the numbers and then let Gary kind of highlight what competitive distinction there. The increase in the first quarter was almost entirely related to incremental security and risk management initiatives. We talked about spending a lot of resource in both those areas. If you look at full year, we kind of anticipate corporate costs to run a little more in the $100 million to $105 million a quarter, Brett. So a little lower as we go along throughout the year, but we are going to continue to invest in risk management and security in 2013 and beyond.

Yes. From a strategic advantage standpoint, Brett, I mean, we've talked about this in the past, I really believe we're looking at the new normal here. And so when you think about it, are we going to drive business through our investments? I think the result of this is everybody's going to need to make these level of investments in order to compete. Our customers are looking for this level of security and risk management. As we've highlighted in the past, we've hired 2 very significant leaders over that area, Greg Montana and Greg Schaffer. They're both doing an outstanding job driving our security and risk management protocols. And it's resonating in our conversations. I will tell you, we don't have -- especially in the large financial institution market, we really don't have a conversation where at some point in time, we don't get into what are the best practices that we're pursuing around risk and security. And so I do think under the new normal, this will pay dividends for us in the future.

Brett, I would suggest that these type of investments are being made by our competitors and certainly by our clients, right? So our clients are doing the exact same thing as they drum up their security.

And then second question, on gross margins, they expanded out more than we thought. And Woody, maybe this is a question for you, but how much was the gross margin expansion would that has been x the term fees? Just to give us a sense of that more maybe organic or sustainable or however you want to call it. Could you give us any color on that?

Yes. I mean, as we go through the planning process, every year, we plan for some level of term fees, as you can imagine. We did anticipate 2013 was going to be a little bit heavier based on the de-conversion activity from the fall of last year that we previously disclosed to you. So not only were they're a little heavy in the first quarter, we knew that the first half of the year was even going to be a little heavy. And then beyond that, the timing is a little lumpy. Sometimes, you can't exactly predict when the actual de-conversion of term fees will actually flow. All that said, if you kind of pull out the balance of the term fees, we were more in line with that 30 to 50 basis points of margin expansion we've been talking about.

Our next question comes from David Togut with Evercore Partners.

Congratulations, Woody, on your promotion.

Thanks, David.

Gary, could you comment on unit pricing trends in North America community bank, large North America FIs and international?

Yes, David, I'd be happy to. We've talked about this in the past, and we're really not seeing any change, definitely in community markets. Do we see some pricing compression? Yes. But we're not seeing any increase in the rate of that compression, so it seems to be fairly consistent. What we do see in community banks though is as we go through those sales processes, the fact of the breadth of our solution allows us to garner much higher wallet share, and therefore, our revenue is able to well over drive any of -- anything in the pricing compression marketplace. When you start moving up into the large financial institutions or the international markets, those are much more complex, heavily services loaded type engagements, and so we don't see as much pricing compression there. The reality is where we get differentiated around our services component is the financial knowledge that we bring around financial services, but also the knowledge, the intellectual property knowledge, we bring around our products allow us to differentiate there. And really, we don't see as much pricing compression going on in those markets.

Could you give us some insight into the ramp up of the 2 big contracts, the India ATM contract and also the big change management consulting contract with a large New York bank?

Yes, the quick answer is they're both in green status and both going very well. I was just over in India recently and met with the team, and we're doing exceptionally well on our launch. We are right on target across all of our key metrics, and the same thing is going on with the large investment institution. The team is doing an excellent job of deploying against that contract. So currently, everything is in green status, and we feel great about those 2 engagements.

Great. And just a final housekeeping question, Woody, what was the share count as of March 31?

You're looking for basic shares?

If you have basic and fully diluted?

I think fully diluted -- bear with me. Fully diluted was 295.5 million and basic was 292.6 million as of March.

And next we'll go to the line of Ashwin Shirvaikar with Citi.

I guess my first question is, as I look at the ramp of margins, typically, you guys do have margins going up sequentially from 1Q to 4Q, and given the lumpiness associated with the term fees this year, do you still expect that trend? And then specifically, 2Q last year was rather strong, do you expect still a year-over-year increase in margins for 2Q?

Well, I'll try to answer your first question first. If you kind of pull the term fees out, as we've talked about, it'd be more in line with that 30 to 50 basis points of expansion we've talked about. We anticipate a similar level of business flow over the course of the year, which typically puts a little higher margin towards the back end of the year. That may not hold 100% true this year because of the weighting of terms fees that we got in the first half related to the M&I de-conversion. As you remember, about 70% of those term fees related to M&I were going to be in the first half of the year. So it may put a little bit of a skewing in the traditional margin expansion, Ashwin, that you talk about over the course of the year. But we still feel good about the overall 30 to 50 basis points for the full year. In the second quarter, we still feel okay about where we're headed, but we've got some difficult comps as we saw some really strong growth in the Payments business in the second quarter last year. So there's some more difficult comps in Q2 to continue to grow that expansion sequentially.

Got it. And then on the -- to your comment on deals' scope and size increasing, is this coming from both existing and from new clients? And when scope and size increases, we note that mobility obviously is an important solution, but could you sort of walk through a couple of the other solutions that are driving the deals' scope increases?

Yes. This is Gary. When you look at what we've accumulated from an asset pool standpoint over the last 10 years with acquisitions, when you look at what we've launched with just new development, what we're seeing is as our customers or as our prospects are trying to drive down their costs and be more competitive in this market, they're broadening their spending with single solution providers. So to answer your question specifically, we're seeing it across all of our markets, we are seeing a much broader solution set that we're selling at the time whether that's in renewal, so that we're gaining more wallet share through the renewal process, and frankly, throughout the term of the agreement. But even on our new sales where we don't have any pre-existing relationship like the example we highlighted with Guaranty Bank, we're seeing those guys take out a much, much broader set of our capabilities. And then that goes on beyond just product, we're also seeing a lot of services demand and a lot of outsourcing demand, which translates into larger and larger deals we're signing.

Okay. And I guess last question, Cencosud, a good agreement there. When does it kick in? Is this a multi-quarter ramp or is that sort of a onetime cutover?

Yes. It will be a multi-quarter ramp that will be ramping on throughout this year, or later this year.

And our next question comes from Ramsey El-Assal with Jefferies. Ramsey El-Assal - Jefferies & Company, Inc., Research Division: One of the drivers you cited for your solid performance in the Payments segment is network solutions, which I assume is mostly NYCE. But was PayNet at all a contributor in the quarter? And do you have any updated thinking of the timing on when PayNet might develop into a meaningful revenue contributor?

Yes, first thing. The network solutions example that we highlighted was really geared around the outsourcing of the full complement of the IT network within financial institutions. And so that's a key area, as people securities, responsibilities and availability continues to increase. Customers are looking for more sophisticated offerings in there, and that was the example we gave. Your second question around PayNet, we continue to see good momentum in PayNet. We continue to sign up customers. It's a really unique value proposition, so we're seeing good growth in transaction, good growth in clients, but it's still small to be contributing any meaningful dollars to the revenue top or bottom line. As we highlighted when we announced that these sort of -- these types of innovations ramp up over a couple of years and then start generating meaningful dollars in that 2- and 3-year out period. But good results. I've talked about our client conference that we had, we had phenomenal attendance, and certainly, PayNet was a key centerpiece of that conference and a lot of demand for it there. Ramsey El-Assal - Jefferies & Company, Inc., Research Division: Great, okay. Pfizer has announced quite a few decent-sized deal wins in the bill pay space in the last several months or so. Can you give us -- and you cited that as a factor in your out-performance in your Payments segment also this quarter. Can you give us an update of the kind of competitive environment with bill pay, how does your pipeline look and how do you feel, do you feel well positioned to win business going forward?

We do. Our bill payment group is doing an excellent job. I mean, we've launched P2P product, FIS people pay out of that group. We continue to see strong demand in the open market for our bill payment capabilities, and as evidenced by consistent quarters of good solid growth. And so the sales pipeline is strong around bill payment, and we continue to feel like we got a very competitive offering in the market.

We have a question from John Williams of UBS.

So very quickly. On the international side, it seems like you've got pretty solid momentum there. It almost seems like pretty good acceleration. Are you seeing a shift in the tone or the priorities that you're hearing from the FI customers in the global markets? I thought you did a good break down of what you are seeing in Europe, in Asia and Brazil, but is there something that you could point to that's maybe changed in the last few months?

Yes, I think there is a couple of things. I think one thing we're seeing is -- and we saw it all throughout 2012 and it's continued into 2013, we've really seen a shift towards much broader outsourcing and much broader services around product. Historically, we had a lot of business around license fees, and actually, product licensing and then, some short-term professional services for installation or customization. But we've seen that move in a much more material way as highlighted by the First National Bank of Puerto Rico, as highlighted by the India deal. We're seeing a lot more transactions moving towards outsourcing. We also, throughout Europe, we're seeing customers really starting to engage our consulting practice because they've got to figure out how to get costs out of their environment. And that is really the first step, where you'll start seeing clients ask for help, engage, to do a consulting engagement, to figure out how you transform the institution. So that's a good sign for us as well, and we think that always precedes certainly than more talk around outsourcing and actually delivering the product as they go through the transformation process.

And John, this is Frank. We've seen that movement to outsourcing, as Gary is mentioning, from the community banks to the top-tier banks in the country. So it's clearly going to that direction at all the market segments.

So it's interesting -- that's actually a very helpful answer, but it's interesting that you led in the press release, we're talking about consulting, and I was just curious to get an update on the momentum in the Capco business and what you've seen over the last few months there?

Yes, it continues to do very well. It's been a great acquisition for us. It's really falling in with exactly what our expectations were around the strategy of why we did the deal. We're seeing strong growth, and as you guys know, Capco's predominantly in Europe and the U.S. We're seeing growth in both Europe and the U S. And really in that large financial institution marketplace where Capco can lead with their industry expertise, we've hired a lot of really, really strong talent in the retail banking side is well, which is helping with the growth and complements our FIS product solutions suite. So as I shared earlier, continued strength in the consulting business.

John, on new acquisitions, you look at least to meet the expectations or exceed, and Capco has been on the exceed side of the ledger.

Would you guys say the profile of that business in terms of the high-end nature and the margin profile have stayed similar post the integration into FIS?

Well, we've actually seen, if you remember, when we originally bought Capco, they -- we have not -- we actually lost one of the largest clients due to the economic collapse, and we had a decision to make, do you actually take out headcount or do you sell through that. We chose to sell through that and end up being a very, very good decision. As a result of that, as we've sold through, we've seen our margins actually increase substantially from that low point, and they've been a very nice tailwind for us. Keep in mind, we've said this before, our consulting business will never approach the margins of our processing business, they just can't. That's not the nature of those businesses. And so really, the secret sauce, so to speak, is how do you leverage that consulting to drive, transform the services and processing into FIS. And we're starting to see the results of that, and we've highlighted a few on prior calls. But good margin momentum. It will definitely attain -- that group will definitely attain margins equal to or greater than some of the larger consulting practices in the industry.

Next question comes from the line of Tien-Tsin Huang with JPMorgan. Tien-Tsin T. Huang - JP Morgan Chase & Co, Research Division: I just want to clarify a couple of things. Was there any surprises in the quarter related to BMO Harris, and M&I and the de-conversion and sort of replenishment of the pipeline, anything to call out there?

No, I don't think so. We've kind of outlined the de-conversion fees and how they would lay out, kind of heavier in the front half of the year, that laid out pretty close to exactly what our expectations were. We continued to work with them closely and they're a great client for us.

And from an operations standpoint, it went very well and the clients have been very pleased. Tien-Tsin T. Huang - JP Morgan Chase & Co, Research Division: Okay. Just to make sure, anything we should consider for 2Q related to BMO specifically?

No, I think it's going to be pretty much as we laid out. You continue to see our sales execution, which continues to allow us to sell through, through that situation. But as Frank mentioned, we've got a great relationship with them, continue to do business together, and the sales team continues to execute and -- for 2014 as we bring on new clients. Tien-Tsin T. Huang - JP Morgan Chase & Co, Research Division: Understood, understood. Just to wanted to make sure we had that modeled right. And I just -- within the free cash flow fund, I know that came a little bit below the adjusted earnings. Anything -- when could we see that actually come in above to normalized to in line with earnings for the full year, for example, in 2Q, could we see a little bit of an uptick there?

A couple of thoughts. One, we really don't try to model quarterly cash flow. We really look at more of the full year. The last few years, we've been able to over drive adjusted net earnings conversion into cash. We had some working capital items in Q1 that shifted a little bit, but we are very close to our plan, our internal plan, with regard to free cash flow in Q1 and still feel very good about the full year guidance regarding free cash flow. Tien-Tsin T. Huang - JP Morgan Chase & Co, Research Division: Okay, good. I just wanted to make sure, I figured that was the case. And then just last one, I'll let you guys move on. Just an update on Brazil, the ELO card and sort issuance trends. We've heard a lot of different things in the marketplace. I'm curious if have you seen any change in trajectory down in Brazil?

The ELO card has actually come online a little slower than what I think we originally thought, and I think you guys have seen some of the same thing. There continues to be steady growth in that. But I would tell you, overall, our overall card business is growing very, very nicely down there. We continue to see the portfolio of cards we offer grow substantially. So we are still bullish on Brazil. We're excited about the opportunity of bringing on American Express. We're excited about new customers we're on-boarding. But I would say ELO has been more of a slower on the ramp up than what we originally expected. I do think that there will be a point where that program will break, and we'll see a good strong growth out of it. Tien-Tsin T. Huang - JP Morgan Chase & Co, Research Division: All right, great. That's good to know. I know your dependency is low on that, but I figure I'd ask anyway. Appreciate it.

Yes, I know.

Next question comes from Bryan Keane with Deutsche Bank.

I wanted to ask about the organic growth that came in at 5% in the quarter and the guidance is 3% to 5%. So what do you expect as we go throughout the year, do you expect that to moderate a little bit or potentially stay at that level, accelerate? Just trying to get a sense of how it goes throughout 2013.

I think we were pleased with the growth in the first quarter. We laid out our guidance back in February, as we finished up our plan end of last year and we anticipate a little bit of dilution from some of that de-conversion activity we talked about last year. But we saw solid results and are very encouraged by where organic growth flow through in the first quarter, particularly with the acceleration of international and getting back to where our expectations were. Beyond that, I think the full year still kind of outline within that guidance range, but very encouraged about first quarter results.

Yes, Bryan, we are encouraged by the first quarter, we are also encouraged by the pipeline, which is very strong for us. And now, it's just a question of execution, again, for sales to close. But clearly, we're to use the right word, we are encouraged.

And then I wanted to ask about the Payments business. I think last year, it kind of popped a little bit in the first quarter and then moderated throughout the year. And then it sounded like Woody you were making some comments that it's probably going to moderate on a year-over-year basis as well in the second quarter. So I just want to make sure I understand that. Is there some seasonality that's driving that in the Payments business?

That's right, we've got some seasonality in the Payments business and some more difficult comps. We saw significant growth in 2012 as we annualize kind of some of the Durbin benefit that we saw. So we saw really good growth last year. So we've got a more challenging grow over, if you will, flowing into 2013.

Okay. And then just last question for me. Any thoughts on what will replace some of the higher term fees as we head into 2014 and we model that out?

Well, I think you kind of look at some of these larger deals, right? We've signed Webster, we got the India ATM, we got the FirstBank of Puerto Rico, we got GE Capital, Guaranty Bank, Bremer Bank, all of these high, high sales execution activities that we are seeing and have seen are going to push us through 2014 and really ultimately recover where we were from the M&I loss.

And next, our question is from Peter Heckmann with Avondale.

Just to make sure I'm clear, so you had $14 million of term fees in the first quarter, and if my mapping is correct, you'd expect roughly $14 million in the second quarter and then about $12 million in the second half for $40 million for the full year. Is that still roughly accurate?

Well, the $14 million was related to the M&I de-conversion specifically. We had some additional term fees in the first quarter, and those were a little lumpier than we anticipated. We do anticipate that $14 million level in Q2, and then it tailing off, as we've described in previous calls, about 70% of the M&I term fees were going to be in the first half of the year.

Okay. And then could you provide total term fees then for the first quarter of '13, as well as what they were in the year ago period?

We're not going to give you full year -- I mean, first quarter term fees year-over-year. Again, they were a little lumpy. We try not to budget them in a quarter. We try to look at them as where we anticipate the full year will be. So that's kind of where we're going to land. We think the full year is going to be heavier than in the past, really driven because of the M&I termination.

Okay, okay. And then a little bit about mFoundry. Now that, that transaction is closed, can you give us a little bit of an idea what type of revenue we should be adding in on an acquired basis and whether that transaction can be neutral? I would assume based on the size of the company they were losing a little bit money, but I'm wondering if you can get that acquisition to neutral for the year.

Yes. I think we previously guided to it being slightly dilutive in 2013, but we're not going to give specific guidance on the revenue base. We can tell you that the mobile numbers in the first quarter were significant growers, but in the big scheme of things, they're not needle-movers yet.

Yes, Peter, this is Gary. As I shared on another question, these innovation stuff, whether it's PayNet, whether it's People Pay, whether it's mobile, these are things that you invest today to really be material growers 2 or 3 years out. We think it's relevant that we have 19 million users on mobile now. We think it's relevant. We've got 3 million remote deposit capture customers. As Woody said, we're seeing great growth, great sales momentum. But these are things like 5 years ago when we were investing in next-generation core, and now you see the benefit of that investment through a lot of our profile announcements on all that growth, you're going to see similar results of that around mobility and around next-generation payments.

We will say that our clients are very pleased with the private feature functionality of mFoundry.

This one's been a nice one for us. The integration is going very smoothly because we actually had a partnership prior to the acquisition that started in roughly 2008, and we've seen that grow quite a bit. So this one's been a very smooth integration for us, and our customers see that.

We have a question from George Mihalos with Credit Suisse. Georgios Mihalos - Crédit Suisse AG, Research Division: Just wanted to delve in on the international side a bit more. You mentioned some very solid growth trends and a good pipeline. But specifically, as you look at Europe, is -- has the growth there been steady, or has there been any sort of slowdown or just the pipeline starting to build? Any color you can provide there would be helpful.

Yes, George. We actually had seen solid growth, actually strong growth in our consulting business. Where we've seen our growth slow would be around some of the product sales and some of the more product-oriented solutions. But as I shared with you, we see that as a precursor, the consulting business, and working through the transformation roadmaps are precursor of what we believe will translate into solid processing growth. With that being said, we're still seeing Europe grow. It's not -- it hasn't been -- it still has shown growth throughout the quarters, but we've seen more growth on the consulting side for sure. Georgios Mihalos - Crédit Suisse AG, Research Division: Okay, great. And then on the community bank side, has your win rate been improving relative to your other 2 competitors there?

Well, win rate is hard to measure. But we would tell you we definitely been taking share. We definitely have been seeing good solid growth in our total contract value. The sales team has been executing exceptionally well in those markets. We're seeing it not only on the renewal front but also in competitive takeaway in the community banking space. Georgios Mihalos - Crédit Suisse AG, Research Division: Okay, great. And just last question for me on a housekeeping note, just the breakdown of the $14 million termination fee between financial and payment, if you could provide that.

Oh, I don't have that one handy, I'll have to get back with you on that one.

And our last question in queue comes from the line of Glenn Greene with Oppenheimer. Glenn Greene - Oppenheimer & Co. Inc., Research Division: Woody, just a quick follow-up on the payment solutions commentary related to 2Q, I'm a little confused just looking at the model. But it looked like the revenue comp wasn't all that difficult in 2Q, but the margin comp difficult, the margins expanded kind of like 300 bps year-over-year, and revenue was kind of modest year-over-year. So I just want to make sure we're thinking about that right.

Yes, I think it's on the margin side, right? We saw some of the cost takeout flowing through that was benefiting Q2 and that's where I'm talking more of the difficult comp.

There are no other questions at this time.

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