Finance committee  I think the one point I'd tack on to that is that all these fees, in aggregate, work out to be a fraction of what interchange is on any given transaction.

Industry committee  I think the one point I'd tack on to that is that all these fees, in aggregate, work out to be a fraction of what interchange is on any given transaction.

Finance committee  We've set very specific criteria around who would qualify for an Infinite card. It can be either an income test or a spending test, depending on the information that the issuer of the card has to work with. The cardholder would either have to spend a minimum of $30,000 per year o

Finance committee  I would suggest that there is probably some misconception in the market about what a premium card is. I encourage you to look at the card and look for the words “Visa Infinite”. That denotes a premium card with higher interchange that has the specific qualification criteria attac

Finance committee  I'd offer two comments. One is that for charities that have recurring monthly donations we offer a special rate that we call a recurring payments rate. The second comment is that cards deliver tremendous value to charities. They allow them to extend their reach and generate cost

Industry committee  We've set very specific criteria around who would qualify for an Infinite card. It can be either an income test or a spending test, depending on the information that the issuer of the card has to work with. The cardholder would either have to spend a minimum of $30,000 per year o

Industry committee  I would suggest that there is probably some misconception in the market about what a premium card is. I encourage you to look at the card and look for the words “Visa Infinite”. That denotes a premium card with higher interchange that has the specific qualification criteria attac

Industry committee  I'd offer two comments. One is that for charities that have recurring monthly donations we offer a special rate that we call a recurring payments rate. The second comment is that cards deliver tremendous value to charities. They allow them to extend their reach and generate cost

Finance committee  I would like to add on to that. You made an interesting observation about the Visa logo being posted in the store. We also have a requirement in Canada that when a merchant does make the decision to accept debit, a little debit tag be added below the Visa logo so that acceptanc

Industry committee  I would like to add on to that. You made an interesting observation about the Visa logo being posted in the store. We also have a requirement in Canada that when a merchant does make the decision to accept debit, a little debit tag be added below the Visa logo so that acceptanc

Finance committee  That's a decision the bank that issues the card would have made themselves. They're the ones who run the ad. You point out that ad, and it's a card that does offer richer rewards to the consumer, but interestingly, that is not a Visa Infinite card. So it does not attract a highe

Industry committee  That's a decision the bank that issues the card would have made themselves. They're the ones who run the ad. You point out that ad, and it's a card that does offer richer rewards to the consumer, but interestingly, that is not a Visa Infinite card. So it does not attract a highe

Finance committee  There will be an interchange fee on debit transactions in Canada, and again, we've disclosed what those fees will be on our website. It's a combination of fixed and variable rates.

Finance committee  We don't, as we understand it, need regulatory authorization to enter the debit market; in fact, we've been trying to do that for almost a decade now. We didn't have the right interchange pricing to make it an attractive product for either merchants or the banks that issued cards

Industry committee  There will be an interchange fee on debit transactions in Canada, and again, we've disclosed what those fees will be on our website. It's a combination of fixed and variable rates.