Thank you.
We've been hearing a lot about innovation and we've been talking a lot about e-commerce. Part of that, I think, is the mobile payment industry. In more and more of it, we're starting to see new apps come out on the PlayBook, on the iPad, and for our phones. With that right now is some concern as to who is regulating the creation of these applications that are being purchased by everyday consumers.
So I'm on my iPad--or I'm on my PlayBook, as Mr. Braid would like to hear me say--and I'm scrolling through and see this new application that I could purchase through e-commerce, but now this application allows me to go to a store and just click, so I've purchased it and it has gone through to my credit card. Who's regulating this, who's creating the applications, and who's benefiting?
The concern here is that we've already heard that interchange rates for our small and medium-sized businesses are higher than those of other countries, and we're going to see businesses not want to get into this field because of the costs associated with them, but this is where consumers are going. My eight-year-old wants to buy stuff on the Internet. So what do we do? Where do we start?
I guess I'll start with Mr. St-Amant, and I know Ms. Cukier would like to comment as well--in a minute.