Finance committee  It's a great point. We feel we need to have a distinct choice for merchants, because if the price compression happens on the merchant and he says he's going to accept all three cards, our acceptance advantage will erode before long. We feel we have the ability, having been a no

Finance committee  So clarify for me how we can proceed with the bureau with the board we have and the governance challenges.

Finance committee  Well, I can't go into the specific deliberations. The major purpose of the consent order deliberations and the change we're requesting is to ensure that the organization, going forward, is governed independently by its users and that decision-making is defined by competitive term

Industry committee  I say “a low-cost provider”. You've heard the testimony regarding MasterCard's current pricing strategy into the market. We have been historically, for 15 years since Interac debit began, a low-cost provider. No one can argue that 0.4¢ to 0.8¢ isn't low cost. What I'm saying is

Industry committee  It's a great point. We feel we need to have a distinct choice for merchants, because if the price compression happens on the merchant and he says he's going to accept all three cards, our acceptance advantage will erode before long. We feel we have the ability, having been a no

Industry committee  So clarify for me how we can proceed with the bureau with the board we have and the governance challenges.

Industry committee  Well, I can't go into the specific deliberations. The major purpose of the consent order deliberations and the change we're requesting is to ensure that the organization, going forward, is governed independently by its users and that decision-making is defined by competitive term

Finance committee  I'm certainly in favour of informing consumers as to the cost of the debit and the electronic payment method. I don't know if it is only the merchant's responsibility to do that. I think all stakeholders in the market should be doing that and I think it would be good for the econ

Finance committee  If we had any marketing budgets I sure would. And I think it's important that you do find already in the merchant community...I'll bet that each of you at some point has run into a merchant who was beginning, as they do in the United States, to suggest a preferred brand to lower

Finance committee  I'd have to take a look at that from a transaction standpoint and do some data mining to see if we could find a correlation with the date from a transaction, but I'd be happy to take a look at that to see if we can find it.

Finance committee  I can't hazard a guess.

Industry committee  I'm certainly in favour of informing consumers as to the cost of the debit and the electronic payment method. I don't know if it is only the merchant's responsibility to do that. I think all stakeholders in the market should be doing that and I think it would be good for the econ

Industry committee  If we had any marketing budgets I sure would. And I think it's important that you do find already in the merchant community...I'll bet that each of you at some point has run into a merchant who was beginning, as they do in the United States, to suggest a preferred brand to lower

Industry committee  I'd have to take a look at that from a transaction standpoint and do some data mining to see if we could find a correlation with the date from a transaction, but I'd be happy to take a look at that to see if we can find it.

Industry committee  I can't hazard a guess.