Industry committee  Yes, we have a switch fee.

Finance committee  An immediate innovation we are endeavouring to roll out in this game in the debit wars is, for example, the tap and go, the contactless. As you notice, the U.S. credit card companies have their products in market; Interac does not by virtue largely of our inability within our str

Finance committee  You're referring to the acquirer marking up the fee, not the banks?

Finance committee  I think you're getting at a concern of mine. We publish our rates on our website each year, and that's—

Finance committee  Yes. And in their contracts they have an agreement that any network fee charged is a pass-through to the merchant, and then they layer on their other fees. I am concerned that we don't have that downstream visibility. There have previously been tactics, and this is what I'm gett

Finance committee  I can't speak to the strategies of Visa and MasterCard, of course, as that is not currently under Interac's purview or planning. But of course we're the network, remember, in the middle. With respect to card rollout strategies and so forth, that's the purview of the issuer largel

Finance committee  I hope it hasn't been lost. There's more than an internal restructuring of Interac needed with respect to how this debit marketplace evolved. So the level playing field I'm talking about, so consumers and merchants can overtly choose Interac, away from the competitors and their v

Industry committee  I can't speak to the strategies of Visa and MasterCard, of course, as that is not currently under Interac's purview or planning. But of course we're the network, remember, in the middle. With respect to card rollout strategies and so forth, that's the purview of the issuer largel

Industry committee  An immediate innovation we are endeavouring to roll out in this game in the debit wars is, for example, the tap and go, the contactless. As you notice, the U.S. credit card companies have their products in market; Interac does not by virtue largely of our inability within our str

Industry committee  You're referring to the acquirer marking up the fee, not the banks?

Industry committee  I think you're getting at a concern of mine. We publish our rates on our website each year, and that's—

Industry committee  Yes. And in their contracts they have an agreement that any network fee charged is a pass-through to the merchant, and then they layer on their other fees. I am concerned that we don't have that downstream visibility. There have previously been tactics, and this is what I'm gett

Industry committee  I hope it hasn't been lost. There's more than an internal restructuring of Interac needed with respect to how this debit marketplace evolved. So the level playing field I'm talking about, so consumers and merchants can overtly choose Interac, away from the competitors and their v

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