Finance committee  There were no NFC commercial deployments in market then. To date there are two. There is one with RBC, as we've heard, and there is one with CIBC. For both of those there are no incremental costs. So it may have been too early when Mike responded to that, but to date there are no

Finance committee  Correct, to date payWave is payWave. I think when Mike responded to that the reality was there were no commercial launches in market, and we have two now, and it remains payWave is payWave. There are no incremental costs for a merchant.

Finance committee  Thank you for the opportunity to speak today. My name is Derek Colfer, and I lead Visa Canada's mobile solution development. Although I am based in Toronto, I grew up in Ottawa. It feels good to be home. Thanks for having me. As this committee knows well, there is a great deal