The cost of accepting credit cards has been going up, and just went up again on April 1. These are definitely barriers for small firms to adopt.
The advent of mobile payments in the Canadian marketplaces worries a lot of small business owners because the last time we saw a new product enter the Canadian marketplace was when premium cards were introduced. We saw rates skyrocket at that point.
Right now it's fairly stable, but we worry about when this becomes a much bigger part of our day-to-day life. Mobile payments usually mean that you have another player now involved in the payments network, in this case telecommunications companies, in addition to the banks and the processors and the credit card companies.
We find it really difficult to believe that this new player is not going to want a piece of the pie as well. The only way to get that is to expand the pie. Right now they're sharing it, but we believe that down the road that may extend further. We do worry about that and making sure that the credit card code of conduct is expanded to include some of the rules that these mobile payment companies have to abide by is really important.