Thank you very much, Chair.
Welcome to all the witnesses, I appreciate your coming today.
I'd like to focus a few of my questions to Ms. Burke, if I could.
First of all, I want to say I appreciate your comment about how Canadians are leading in e-commerce and I'm very proud of that initiative.
You mentioned that currently there are no additional fees for mobile payments beyond those of apparently existing credit cards and the like. If I'm understanding it right, the merchant fees have remained unchanged thus far. We keep hearing, however, from merchants in a small business context who are very concerned about the credit card rates. You spent a lot of time stressing in your remarks the choice for consumers, but I didn't hear a lot about choice for merchants.
I understand that Royal Bank, for example, has a number of different premium cards and other cards that are offered with varying interchange rates and so consequently a merchant really has to accept those cards. And correct me if my premises are wrong. So for an RBC branded card, they really are not aware, often, of how much they are having to pay. Is that an accurate statement?