I'll be brief. It pains me, because you were a very distinguished economist at McGill, and I am very respectful of your position, but I have to disagree. I don't believe it is the role of Parliament or legislators to pick winners and losers. If I understood you, you were suggesting creating some mechanism or policy that would give a bias towards Interac so that it could beat or defeat MasterCard or Visa. If that is the argument, I hope you don't, because it's not the ownership of the company but the value and benefits it brings to consumers that should be the driver of the policy.
On the second issue, I agree. The Interac governance structure is archaic and inefficient and should be changed.