Industry committee  We have performance tiers, just like Visa. One of the proposals we put forward to the CFIB was to create a single tier that would acknowledge the collective volume of their membership.

Finance committee  It's enhanced disclosure, but education has to be a big part of it. The rate calculator is an important feature of that education so that they understand that they might not need to accept credit cards to have a viable business.

Finance committee  You know, I can't explain why the association is having--

Finance committee  I believe, Andrea, maybe you can clarify. We provided it to Parliament.

Finance committee  Yes, but to add to that, I'm not suggesting that MasterCard or Visa were hurt. I'm suggesting that consumers were hurt, and that's well documented in studies by the government accounting office in the United States and a study called by the CRA, and it has been acknowledged in th

Finance committee  Yes, I will.

Finance committee  We have performance tiers, just like Visa. One of the proposals we put forward to the CFIB was to create a single tier that would acknowledge the collective volume of their membership.

Industry committee  That's our strategy--just as they can't rule out that we will be higher than they will.

Industry committee  MasterCard makes these decisions on a country-by-country basis. I don't see MasterCard debit as being appropriate for this market because of the pricing environment. To answer your question, it is our strategy to remain at a lower flat fee than Interac. We know what it is because

Finance committee  MasterCard makes these decisions on a country-by-country basis. I don't see MasterCard debit as being appropriate for this market because of the pricing environment. To answer your question, it is our strategy to remain at a lower flat fee than Interac. We know what it is because

Finance committee  That's our strategy--just as they can't rule out that we will be higher than they will.

Industry committee  As a consumer you won't be paying anything for Maestro. It is a fee paid by the acquirer to MasterCard. There is no interchange on Maestro. There's a single flat fee of half a cent. That eventually is what the merchant pays.

Industry committee  I think that it's fair to say that there is a failure of understanding on the merchant side of the business. On the issuing side of the business there's a very robust disclosure regime that doesn't exist, and perhaps should exist, for small merchants. There are existing federal a

Industry committee  Yes, they adopted specific price controls. I think it's important to note that the Reserve Bank of Australia has removed those restrictions at this point. Their reason for it is to see what happens.

Finance committee  As a consumer you won't be paying anything for Maestro. It is a fee paid by the acquirer to MasterCard. There is no interchange on Maestro. There's a single flat fee of half a cent. That eventually is what the merchant pays.