Maybe I could just respond. I think before, generally, the percentage of premium cards would have been around Amex's market share. So all of Amex's cards are premium cards. In terms of customers, we are competing with Amex for those cards in their wallet. For merchants, by taking our cards at 20 basis points higher, we are significantly reducing their cost if they had an equivalent Amex card in their wallet.
On May 28th, 2009. See this statement in context.