Industry committee  The focus on the CFIB is based on two things. One, we thought that Catherine put forth very workable suggestions at the Senate. They were a foundation for putting forth specific proposals. Furthermore, her constituency is small merchants; and I think the principal breakdown in th

Industry committee  You know, I heard the witnesses earlier in the week say that. I don't know what they would get out of it, because that wouldn't change the price dynamic. In the current situation, we're offering a lower-cost product, and we're going to stick to that. Before the Parliament of Cana

Industry committee  Yes, if they go down, we're going to have to respond downward. I don't know if the CPA gets anybody out of this. Our system has never failed a merchant in delivering safety and soundness of payment, even in this crisis. One of the things, I think, we have to be careful about as

Finance committee  There are 2.4 million merchants in Canada, to use Mr. Blouin's figure. There are only 600,000 who accept MasterCard; 75% don't accept MasterCard, which means that, yes, you can run a viable business without accepting MasterCard. There is a difference between need to accept and

Finance committee  I couldn't agree with you more, and I think that's one of the breakdowns we want to address. I think that while we meant well by our customized report, apparently it's not working as well as we thought. And focusing not only on transparency of interchange, but understanding the a

Finance committee  Yes. I heard the Retail Council mention charities. As far as I know, they don't represent any. The only thing we've ever heard from charities is that credit cards represent a higher level of donation and a higher level of fulfillment—fulfillment being the most important.

Finance committee  The focus on the CFIB is based on two things. One, we thought that Catherine put forth very workable suggestions at the Senate. They were a foundation for putting forth specific proposals. Furthermore, her constituency is small merchants; and I think the principal breakdown in th

Finance committee  You know, I heard the witnesses earlier in the week say that. I don't know what they would get out of it, because that wouldn't change the price dynamic. In the current situation, we're offering a lower-cost product, and we're going to stick to that. Before the Parliament of Cana

Finance committee  Yes, if they go down, we're going to have to respond downward. I don't know if the CPA gets anybody out of this. Our system has never failed a merchant in delivering safety and soundness of payment, even in this crisis. One of the things, I think, we have to be careful about as

Industry committee  To be clear, we allow issuers and acquirers to come up with bilaterals and we will support them. So they're free to enter into a completely private arrangement, and our technology will support them. But we're not telling the acquirer, this is what you have to charge; we're sayi

Industry committee  Understanding the rate table and the rates that apply to you is an important piece of information as you go and shop for your acquirer contract. Over time, the return time on that will improve. Right now it's a person who has to call the person back and that sort of thing. There

Industry committee  We used to do that, and then we got complaints that it was confusing: These weren't the rates that necessarily apply to me. How do I use this to shop around for the best rates? Please tell me what rates apply to me. So this protocol was designed to improve that experience for the

Industry committee  That may be a label that another network uses. We have assessments and transaction fees.

Finance committee  To be clear, we allow issuers and acquirers to come up with bilaterals and we will support them. So they're free to enter into a completely private arrangement, and our technology will support them. But we're not telling the acquirer, this is what you have to charge; we're sayi

Finance committee  Understanding the rate table and the rates that apply to you is an important piece of information as you go and shop for your acquirer contract. Over time, the return time on that will improve. Right now it's a person who has to call the person back and that sort of thing. There