Thank you, witnesses, for being here.
As a proud Canadian, I'm really pleased with the fact that we're world leaders in this mobile payment technology. On the other hand, when Mr. Saxton refers to this as a win-win-win situation, he certainly doesn't talk to the people in my riding, the small businesses, that call it perhaps a win-win-lose situation as far as small businesses are concerned.
Mr. Hannah, I understand that your members offer dozens of different types of credit cards. The Royal Bank, for example, has 17 different cards. With so many cards and so many different interchange fee structures that could be applied, just how can a small business owner reasonably know how much they're going to be charged for a transaction made with one of your member's cards?