If I could just clarify, I wouldn't characterize Interac as having a monopoly on the debit market in Canada. In fact, as I described earlier, we've launched a debit card with CIBC. That debit card works at Interac, at the point of sale, and then, when it's used to shop online or over the phone or internationally, that piece of functionality that you can expect from Visa works as a debit transaction running on Visa. So the two coexist well.
I think what Don was referring to was that because of Interac's dominance at the point of sale and its acceptance with merchants, it becomes extraordinarily challenging, to the point of being effectively impossible, to launch a stand-alone Visa debit card—I won't speak for MasterCard—that would feature the acceptance that Interac has.
In fact, the co-badged structure is one that's very common and it exists in just about every market around the world. When Mr. Lebeuf was describing the problem, it's that the code of conduct actually prohibits competitive co-badging on the cards.