One or two. Thank you, Mr. Chair.
Thank you, everyone, for being here today. This is I think a very topical discussion and study that we are having right now. I know at the industry committee we've also looked at mobile payments. It's something that truly merges between the two committees.
Canadians are very active in terms of engaging in the mobile market, in the e-commerce market—I think if you went through everyone in this room, we would all have some type of smartphone that has NFC on it—and how we're going to engage that because we want to be able to be part of that next wave of technology.
One of the concerns though, and I know we've been talking about it quite often, is the interchange rate that affects small businesses. When this comes to a lot of the conversations that we've just been having, a lot of the information we've been hearing, the concern for small-business owners, and of course medium-sized enterprises, is about whether there is going to be another layer of cost tapped on top of the current interchange rate.
Mr. Colfer, maybe you can clarify for me, because I believe I heard you say at the beginning that Visa doesn't have any fees associated with it, but there's the interchange rate right there that Visa is part of. Did I just hear you inaccurately, sir?