Finance committee  Those terminals accept multiple payment networks.

Finance committee  Those terminals accept multiple.... A lot of merchants have recently deployed contactless. Contactless is an umbrella term that means Interac Flash; it means Mastercard PayPass, and it means Visa payWave. All of those are contactless. Terminals will accept all three, if that mer

Finance committee  People are definitely trying, yes. In a five-minute window, we have about 1,000 coming into VisaNet.

Finance committee  You could steal that device the same way you could steal a plastic card. The intelligence inherent in that device allows for a lot of protection, though. That device itself can be locked down from a password. The payment app that you would actually be utilizing to make a payment

Finance committee  We're at the top.

Finance committee  It is.

Finance committee  We are exporting a number of the painful lessons learned in deployments.

Finance committee  Yes. We can't wrap those up, though.

Finance committee  But no, we really are at the tip of the spear in Canada. There are replicates of me in different markets where Visa sees a lot of opportunity with NFC payments: Hong Kong, Singapore, Australia, and New Zealand. We really are far, far ahead from an NFC perspective. Our contactle

Finance committee  It's certainly technically possible for that to happen. There are some folks from different companies working on that. Both would need to have an NFC antenna. In the instance of that iPad, Apple has made a decision not to include NFC antennas in any of their products, whether t

Finance committee  First, I think we're still going to compete in the way that we have always competed. I think you're still going to have multiple payment cards in your digital wallet the same way you have multiple payment cards in your physical wallet. It's essentially just a digital representati

Finance committee  You caught me off guard. You were pointing at—

Finance committee  Well done. We've certainly spent a lot of time with consumer focus groups doing qualitative and quantitative research on who is going to use this. You have what everybody refers to as the early adopters. The demographic for the early adopters, certainly in our research, has been

Finance committee  No, you didn't at all. I think your question is around the cost for NFC payments. As Visa we are steadfast in the notion that payWave is payWave, so whether you wave a plastic card at a merchant terminal, or a mobile device at a merchant terminal, that merchant is absorbing the s

Finance committee  When Mike was responding to that...was two it years ago now?