Industry committee  Just very quickly, in the debit area, what government needs to do is reduce the barriers to entry and encourage entry, as I said earlier. If they achieve that, then we will get more competition and consumers will benefit. In the credit area, just to follow on from one thing Jack

Finance committee  Yes, actually, I do agree with that.

Finance committee  Just to go back to the beginning of your question, absolutely, Interac has been a huge success. As you know, I'm sure, I think we're the second biggest debit card users in the world, right after Norway, I think. It's been a huge success, yes. Part of that is because of the standa

Industry committee  Yes, actually, I do agree with that.

Industry committee  Just to go back to the beginning of your question, absolutely, Interac has been a huge success. As you know, I'm sure, I think we're the second biggest debit card users in the world, right after Norway, I think. It's been a huge success, yes. Part of that is because of the standa

Finance committee  As I said earlier, there is this key question. First of all, it is whether the credit card network is structured as a joint venture of the banks or whether it's an independent corporation. Let's assume, first of all, that it's the latter, which is true in Canada at the moment. In

Industry committee  As I said earlier, there is this key question. First of all, it is whether the credit card network is structured as a joint venture of the banks or whether it's an independent corporation. Let's assume, first of all, that it's the latter, which is true in Canada at the moment. In

Finance committee  Thank you. Then I'll include those. I'm a professor of economics at Queen's University, and I have had an interest in payment cards for quite a long time now, certainly dating back to when I was involved in the Interac hearing in the mid-nineties, which led to the creation of th

Finance committee  Thank you, Mr. Chair. Can I just clarify something? I had prepared some of my remarks on debit cards. My understanding, and perhaps it's incorrect, was that this was going to be part of the discussion.

Industry committee  Thank you, Mr. Chair. Can I just clarify something? I had prepared some of my remarks on debit cards. My understanding, and perhaps it's incorrect, was that this was going to be part of the discussion.

Industry committee  Thank you. Then I'll include those. I'm a professor of economics at Queen's University, and I have had an interest in payment cards for quite a long time now, certainly dating back to when I was involved in the Interac hearing in the mid-nineties, which led to the creation of th