Thank you, Mr. Chair.
Thank you, gentlemen, for being here today. It's a very interesting subject that we're talking about. You have all been providing some valuable information. We're seeing so much innovation coming forward.
Mr. Robinson, what you were talking about is very exciting—what we're seeing, the ease of access, and how we're making it easier for consumers to carry around their phones, since more and more of us are doing that. I forget my wallet more often than I do my BlackBerry, since I need it more than my wallet some days.
In that complexity that we're creating to make our lives simpler, we worry that the potential could be there for...you know, if someone gets hold of our phone because we forget it. What happens then, if all of a sudden someone opens it up, breaks the lock, and goes on a spree, just as they would with the stuff in our wallets?
Can you talk to me a little about what type of protections there are going to be in a mobile payment to ensure that if we do lose a wallet or if someone tries to crack it...? You mentioned 300,000 cyber attacks daily. Is it on VisaNet? We have applications created on a daily basis for iPads and for BlackBerrys. People are going to start looking at targeting these things to try to get access.
What are your organizations doing to start protecting consumers and merchants?