Thank you, Mr. Chair.
Good morning, Mr. O'Connell.
We've heard from merchant groups and other organizations that Interac is the lowest-cost form of payment to the merchant, even lower than using cash itself. I doubt that most consumers know this, however. I certainly didn't know it until I had listened to some of the witnesses.
As you may know, the finance committee is currently studying consumer financial literacy. Do you think merchants should make this fact known to consumers, and do you think it would be a fair or good idea for merchants to offer their customers a discount for payments using their Interac debit card?