Thank you, Mr. Chair.
I appreciate the opportunity to appear before this committee today. I'm Tim Wilson, head of Visa Canada. With me this evening is Bill Sheedy, the regional president for North America and the head of our global interchange strategy team.
Bill will address the issue of interchange within the Visa system and the role it plays in facilitating commerce across Canada and globally. Following his comments, I would like to speak to Visa's operations in Canada and the introduction of Visa debit cards, which will give Canadian consumers and businesses choice while offering features and functionality not available today.