Finance committee  I have a few comments with respect to the privacy end of things. I lump personal data protection as part of what we are going to refer to today as privacy. I think there's a lot of exciting—and SecureKey, I believe, alluded to this in its testimony last week with regard to enabl

Finance committee  I'll show you how in about an hour.

Finance committee  It is.

Finance committee  Correct.

Finance committee  Sorry, what was the last thing?

Finance committee  You could do that in two ways. You could see at point of sale whether they accepted Flow as a payment methodology. You could also do that through your mobile application, so you would see very clearly whether they were listed as a merchant, and I can show you in the demonstration

Finance committee  Yes. You can look at it in two ways, compete or collaborate. We like to work collaboratively with all constituents in the payment ecosystem, so it really depends on how you choose to work together or how you choose to compete. It can cut both ways.

Finance committee  No, we're about to.

Finance committee  This year is our target year for launch.

Finance committee  Yes. Right on.

Finance committee  Yes. It depends on the perspective because we're populating an ecosystem with both merchants and buyers and sellers. There is a different value proposition for both. From the merchant side there are increased sales, decreased cost of sale, and a new stream of revenue that Flow o

Finance committee  I see it as a global expansion. There are many jurisdictions that are already cash-based. Our system is a cash-based system, so there's a lot of reception for an online mobile methodology to accept cash and to pay with cash, not just to accept cash. In Asia you see a lot of e-com

Finance committee  Do you want me to—

Finance committee  Our transaction fee is 1% of the transaction for those transactions above $50. We also have an advertising fee, which is 1%.

Finance committee  That applies to a purchase that was advertised within the Flow system. So if a merchant advertises in the Flow system, with that purchase, the advertising fee applies. With regard to staying ahead of the security concerns and the challenges represented there, I think it's a very