I think the competitive dynamics that I just described mean that I'm going to need an issuer value proposition in a multi-network environment, and I'm going to have to make sure I have my merchant value proposition. I think it is a reality that we're going to be able to look at charging this keep-from-going rate. But leveraging our acceptance from coast to coast, when you play that across 3.6 billion transactions, you have a very fair return at a lower rate than what my competitors can provide.
On June 16th, 2009. See this statement in context.