I totally love debit. I rarely carry cash in my own pocket, but it's a system that people rely on right now. We then hear about Visa and MasterCard wanting to come in, and they're using the word “competition”. We all know the word “competition” usually lowers costs, but what we're hearing more and more now is that this competition is actually going to increase the costs for SMEs--small and medium-sized enterprises--and consumers, potentially because merchants will have to raise their costs if the fees go up.
I've heard you speak about the need to make this a level playing field. I agree. How do we make it a level playing field for you? Maybe you can give me some of the specifics. In your opinion, will this benefit the small and medium-sized enterprises, and ultimately the consumers, down the road?