This MasterCard rate structure is almost exactly the same as the one currently in effect for Visa. It's really very, very close to it.
An electronic transaction takes place in the client's presence, whereas a standard transaction is done over the telephone or via the Internet and then, depending on the type of card—individual, corporate, premium or worldwide... This Visa structure came out a year ago and the Visa card structure less than six months ago. We were informed of the new rate structure two months in advance. It's they who determine the types of cards and the transaction fees.
Does that answer your question, Mr. Rajotte?