Finance committee  Let me try to clarify. The mobile Internet connection, you know everything that you do providing you're even using the Internet.... The beauty of the payment on the SIM is that you can turn the cellular network off and you can still actually pay at the point of sale because the p

Finance committee  When we look at the dollars we've invested to be able to manage the secure distribution and storage of credentials and we look at the infrastructure that an issuer has put in place to be able to manage their account, those are considerably larger dollar amounts than are involved

Finance committee  That's correct.

Finance committee  Yes, I can.

Finance committee  Zero. It is simply that simple. If the payment product that is in the phone is simply a form factor change. I have a plastic card and....

Finance committee  All right. You asked me about the part of the transaction. I have no visibility whatsoever to the transactional fees that are charged between the merchant acquirer and the merchant, none whatsoever.

Finance committee  It's a distribution fee for the downloading and storage and support of the virtualized card on the...but which is paid by the issuer.

Finance committee  There are fees that we charge to the issuers typically for the service that we provide them. Knowing the scale of those fees, I would position them as incidental fees. Similar to how Canada Post is paid to distribute a plastic card today, we are paid to distribute a virtual card

Finance committee  It's certainly not the intention. We have no intention of doing that at all. This application is provided. The Suretap application is provided to all of our customers who we can provide it to. It allows them to carry credit cards, debit cards, prepaid cards, which you heard are a

Finance committee  It will be both, so that is correct. We have become a federally regulated financial institution for the purpose of issuing a credit card. It is a plastic card running on the MasterCard network. It is a no-fee card. The Suretap wallet that I referred to earlier will be the mobile

Finance committee  I would agree with Mr. Roberts concerning who sets the fees and who charges the merchants those fees.

Finance committee  Yes, I worry, as the mobile operator, that regulating mobile payments at the time when we're on the cusp of such success globally would be potentially a very damaging exercise. There are so many great things that come with the mobile payments, including diversification of payment

Finance committee  If I understand the question correctly, let me say that I don't believe there is incremental risk being added with mobility. In fact, in many cases the mobile device can add authentication or other factors to the equation that can actually reduce risk. One of the attributes of a

Finance committee  It depends what you mean by the norm. What I said is at the end of this year I expect the majority of the Canadian card product to be available for download to the majority of the new phones. That means the new phones we're selling across all carriers. Handsets in this country t

Finance committee  Jetpacks and laser beams, I can only assume.