Thank you for accepting the joint committee's invitation to come and testify today. We haven't yet talked about debit cards. This is the opportunity to do that because that's another problem we see on the horizon.
We know that Interac requested the Competition Bureau's consent to authorize the restructuring and for it not to be a non-profit organization or association, but to be a for-profit entity.
So the problem will take another shape for you. If Visa and MasterCard decided in 2009 to offer a debit card and Interac decided to become a for-profit entity, what would be the impact of that? Currently there is an impact on credit cards, but there will be an even greater one on debit cards. What impact will that have on your associations and businesses?