My next question is to Ms. Hubberstey of the Interac organization.
It seems that MasterCard and Interac are competing for business, encouraging consumers to use their product instead of Interac. Many businesses are concerned that the new Visa and MasterCard debit products could eventually transform the debit market in a way that would make it more like a credit card market. That would certainly look like MasterCard debit offering more points or bells and whistles than Interac would, and that product offering would be paid by the growing fees that merchants are charged for using their network, not by the users of the premium cards.
Is it a concern of yours that these Visa and MasterCard debit cards could take that form, and hence lead to higher fees charged to merchants, instead of the lower fees that are typically associated with Interac?