I think it's unequivocal that the Canadian system for retail payments is far ahead of the U.S. system. I was speaking at a conference I was at in Salt Lake City literally two weeks ago, explaining that there is a range of factors accounting for why our retail payments infrastructure is demonstrably better than the Americans'. I would put it frankly at the top of the heap globally and I would agree with the statements from MasterCard, Visa, and the World Bank in terms of the relative positioning of Canada on retail payments.
With respect to business payments, some of the issues that Pat has noted are correct. That is what the CPA is working on with respect to ISO 20022. There is also not enough penetration of such effective services as Interac money transfer, which is a perfectly useful solution for small business remittance.