You have to remember that the debit market is changing. Visa and MasterCard are here, and that market is going to change whether or not Interac changes. So if Interac is not able to restructure, this market is going to be left with a duopoly of those two competitors. So I believe we have to change for the merchants—and I believe that passionately. I started that two years ago. We are already seeing the countervailing force that Interac is with respect to pricing, if you look at MasterCard's strategy. So I think it's imperative in fact to keep prices down, that Interac is a viable player in this industry.
On June 16th, 2009. See this statement in context.