In response to earlier questions, Mr. Kelly, you were saying that the costs for PayPal and some credit cards were similar, in the sense of being a percentage per transaction when you get to the higher cards, but that there's really no capital investment. One of the things for your members is that there is no capital investment required, as there has been with the credit card companies, in the sense that when a new technology comes out, your members don't have to invest in the infrastructure to execute that technology. Correct?
On November 21st, 2011. See this statement in context.