I call this joint meeting of the Standing Committee on Finance and the Standing Committee on Industry, Science, and Technology to order. Pursuant to Standing Order 108(2), this is to continue our study of the credit card interchange fees and the debit payment system in Canada.
Members, we have two sessions today. The first session is with MasterCard Canada, and the second session is with Visa Canada.
We have with us, from MasterCard, the president, Mr. Kevin Stanton; the vice-president and Canada region counsel, Andrea Cotroneo; and we also have Ms. Diane Miquelon, vice-president and team leader. Welcome to all of you.
You have 10 minutes for an opening statement, and then we'll go to questions from all members.
Mr. Stanton, you may begin at any time.