Thank you, Mr. Chair.
Thank you, Mr. O'Connell, for coming out today.
You talk about a flat fee, and that's what the charge is, the switch fee, which is basically 0.8¢. There's no desire or requirement to change to a percentage or an ad valorem fee. The 0.8¢ is what you're charging. The bank then takes it and marks it up between 3% and 15% per transaction. What's to stop the individual banks from going to an ad valorem fee if they were doing business with you? Do you have some kind of agreement or restriction with the banks out there who are actually offering the cards to individuals?