Finance committee  Yes, I do. Let me highlight a couple. In the hockey equipment example that I provided, there was almost a $51 saving in the cost of equipping a youth hockey player after the tariff was eliminated in 2013. If we look at selected baby clothes, which was the other category where a t

Finance committee  I would agree with that statement, and let me give a couple of examples of the type of action that has been taken.

Finance committee  Okay, and I'll be very quick. France has limited interchange fees to 0.25%, and the EU is looking at a 0.30% cap, so we do believe that there is opportunity to move in that direction.

Finance committee  Yes, I do, and thank you very much for the question. The last part of your question is why this is a government responsibility. I think there are two key points I'd like to raise there. The Competition Tribunal, approximately a year and a bit ago, ruled that the market practices

Finance committee  Thank you, Mr. Chair, and members of the committee for inviting RCC to present some of the key issues that we had outlined in our pre-budget submission for the upcoming federal budget. Before beginning my specific remarks, I would like to take time to express the condolences of

Finance committee  We are both looking for the same outcome. We both have potentially different ways of getting there. We had recommended the FinPay committee because it does have all the players around the table and it is mandated to address issues within the payment—

Finance committee  Sorry, Mr. Chair. On whether that gets reflected in an updated code of conduct, we would have no problem with that.

Finance committee  The concerns we have are similar, that the default must be set by the customer. The phone can't come loaded with the higher cost of the premium cards. I think co-badging is a bit of a different issue within the mobile environment because, as I mentioned, Interac Flash is not cu

Finance committee  Our council's response was one of confirmation. I think the tribunal did come forward indicating that the business practices currently in the marketplace were having a negative impact on competition. They ruled that in the strict guidelines of what the act currently has they did

Finance committee  I would add to that. My short answer also would be yes. In addition, one of the challenges our members are concerned about and are talking to us about is that right now Interac is not issued by all banks in a mobile form. If you don't have what is in many cases the preferred op

Finance committee  The whole complexity issue is one that [Inaudible—Editor].

Finance committee  I think indeed a role the government has is to ensure that. Let me give you an example. With iPhones, you can make web-based transactions on them right now, but you can't make mobile transactions on them. You have probably the biggest player in the smartphone arena and you don't

Finance committee  The point we're expressing on the difference in fees is that we recognize that in those environments that are not secure there is an increased risk associated with those. But we believe that the associated risk does not transfer into a mobile environment, so because it is an auth

Finance committee  Yes, we are not arguing with the fact that there is an increase with the card-not-present transaction, whether it's the examples that I provided in my opening remarks. The point is the one we made earlier.

Finance committee  I don't have access to the amount of fraud on credit card transactions. I'm not sure if my colleague does.