Siobhan Coady at the Finance Committee

On June 2nd, 2009. See this statement in context.

June 2nd, 2009 / 10 a.m.

Liberal

Siobhan Coady Liberal St. John's South—Mount Pearl, NL

Thank you. I agree with you there.

I'm sure you have an observation on the U.S. system. As you may be aware, STAR was similar--and I'll say “similar”--to Interac. They've basically been crowded out of the market by Visa and MasterCard. What have been your observations? Have you seen increases in exchange fees, for example, on the debit product because of this? What are the shifts in the U.S. marketplace? What observations do you have?

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