Finance committee  Briefly, I can't see how competition could hurt. Whether you want to loosen regulation on Interac is something else. I hear merchants saying that if Interac comes in, it's going to charge a higher price and take over the system. That's inconsistent. It's hard to believe that a competitor could come in, charge a higher price, and take over the system.

Industry committee  Thank you very much. I thank the committee for inviting me here today. I should tell you, and I'm sure it exists with my colleagues, that professors are used to speaking in fifty-minute segments, not five. So it's going to be a little difficult. I have a paper that should be handed out.

Finance committee  Thank you very much. I thank the committee for inviting me here today. I should tell you, and I'm sure it exists with my colleagues, that professors are used to speaking in fifty-minute segments, not five. So it's going to be a little difficult. I have a paper that should be handed out.