|Mike Milotich||Visa, Inc.|
|Alfred F. Kelly, Jr.||Visa, Inc.|
|Vasant M. Prabhu||Visa, Inc.|
|Sanjay Sakhrani||Keefe, Bruyette & Woods, Inc.|
|Harshita Rawat||Sanford C. Bernstein & Co. LLC|
|Bryan C. Keane||Deutsche Bank Securities, Inc.|
|Daniel R. Perlin||RBC Capital Markets LLC|
|Tien-Tsin Huang||J.P. Morgan|
|Lisa Dejong Ellis||MoffettNathanson LLC|
|David J. Koning||Robert W. Baird & Co., Inc.|
|Darrin Peller||Wolfe Research LLC|
|James Schneider||Goldman Sachs & Co. LLC|
|James E. Faucette||Morgan Stanley & Co. LLC|
Welcome to the Visa's Fiscal Third Quarter 2018 Earnings Conference Call. All participants are in a listen-only mode until the question-and-answer session. Today's conference is being recorded.
If you have any objections, you may disconnect at this time. I would now like to turn the conference over to your host, Mr.