Finance committee  I'm not familiar with the details of the Interac system, but as I understand it, it's challenging for them and challenging for retailers to roll out online acceptance in Canada, hence the reason it's only available at a limited number of merchants.

Finance committee  I think that just looking at the cost of a particular system isn't taking a complete view of competition or the market. So what I'd suggest is that there's perhaps a cost to accepting cards, as there is to accepting any form of payment like cash, but credit cards deliver tremen

Industry committee  I don't believe that's a number we are permitted to disclose, according to SEC regulations.

Industry committee  I'd like to answer the question, but it's not a number that we disclose in our annual financial statements or quarterly statements.

Industry committee  Yes. We disclose profit and financial information down to the North American level, I believe, but not down to the level of the individual country.

Industry committee  It's partly correct in that we do have a debit system in Canada that has been very successful and has served Canadians well to date. However, as I mentioned, consumer needs are changing, transaction behaviours are changing. For example, consumers are starting to shop more online,

Finance committee  I don't believe that's a number we are permitted to disclose, according to SEC regulations.

Finance committee  I'd like to answer the question, but it's not a number that we disclose in our annual financial statements or quarterly statements.

Finance committee  Yes. We disclose profit and financial information down to the North American level, I believe, but not down to the level of the individual country.

Finance committee  It's partly correct in that we do have a debit system in Canada that has been very successful and has served Canadians well to date. However, as I mentioned, consumer needs are changing, transaction behaviours are changing. For example, consumers are starting to shop more online,

Industry committee  Thank you, Bill. As Bill discussed, interchange fosters competition and innovation. When it comes to debit, there is currently no competition in Canada, and without interchange, financial institutions have little incentive to invest in the system. The debit product offered today

Finance committee  Thank you, Bill. As Bill discussed, interchange fosters competition and innovation. When it comes to debit, there is currently no competition in Canada, and without interchange, financial institutions have little incentive to invest in the system. The debit product offered today

Industry committee  Thank you, Mr. Chair. I appreciate the opportunity to appear before this committee today. I'm Tim Wilson, head of Visa Canada. With me this evening is Bill Sheedy, the regional president for North America and the head of our global interchange strategy team. Bill will address

Finance committee  Thank you, Mr. Chair. I appreciate the opportunity to appear before this committee today. I'm Tim Wilson, head of Visa Canada. With me this evening is Bill Sheedy, the regional president for North America and the head of our global interchange strategy team. Bill will address