Briefly, I can't see how competition could hurt. Whether you want to loosen regulation on Interac is something else. I hear merchants saying that if Interac comes in, it's going to charge a higher price and take over the system. That's inconsistent. It's hard to believe that a competitor could come in, charge a higher price, and take over the system. It is competitors that are more efficient and charge lower prices that can take over the system. You can't have it both ways.
On June 9th, 2009. See this statement in context.