Robert Vincent at the Finance Committee

On May 26th, 2009. See this statement in context.

May 26th, 2009 / 4:30 p.m.

Bloc

Thank you, Mr. Chairman.

Thank you to the witnesses. I have a few questions.

Earlier, you stated that Visa and MasterCard do not get anything from the interchange fees. Did I understand correctly? If those companies do not receive anything from the acquirers or from the banks, can you explain why they are the ones setting the interchange fees?

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