I worked for a bank for five years. I know what the answer is. The answer is no; otherwise, they wouldn't print the Interac logo on your debit card. You don't really get a choice, do you? It comes with Interac.
The Interac market share is massive. I would say it's close to 100% of what Canadians do, whether it's on debit or e-transfer, all of that. Strangely enough, it's the banks that own it. It seems like a convenient way to keep other competitors out, by controlling the fact that I, as a banking customer, actually don't get a choice of service providers and what fees, ultimately, I would pay for transferring money or using electronic debit. Is that not correct? That's monopolistic power, is it not?