Thank you, Mr. Chair.
I would also like to thank the witnesses for being with us today as part of this fascinating study.
My first question is for Ms. Pohlmann and Mr. Wilkes.
Do you think the fees associated with online payments and card-not-present transactions might discourage your members from creating transaction-based Web sites or adopting new technologies, or cause them to refuse such forms of payment altogether? Are they refusing to implement these systems because of the costs associated with them?