Industry committee  Mr. Chair, I'll take that question. I'll talk to you about effective rates. There are three types of products, as Mr. Stanton mentioned. For a standard consumer product, the effective rate is 1.54%. For a premium consumer product, the effective rate is 1.88%. For a corporate pro

Finance committee  Mr. Chair, I'll take that question. I'll talk to you about effective rates. There are three types of products, as Mr. Stanton mentioned. For a standard consumer product, the effective rate is 1.54%. For a premium consumer product, the effective rate is 1.88%. For a corporate pro

Industry committee  Maestro is MasterCard's debit brand in Canada. Maestro cards do exist in Canada at this time.

Industry committee  Maestro behaves exactly like Interac. It is PIN-based, so consumers enter a personal identification number, and the funds exit the consumer's account in real time. There's no lag of time there. Maestro is in its infancy in this country. We have just introduced it, and not all of

Industry committee  The product is not on a credit card. Maestro appears on the back of the access card you use to facilitate debit card transactions, either at a merchant or at a bank machine.

Finance committee  Maestro is MasterCard's debit brand in Canada. Maestro cards do exist in Canada at this time.

Finance committee  Maestro behaves exactly like Interac. It is PIN-based, so consumers enter a personal identification number, and the funds exit the consumer's account in real time. There's no lag of time there. Maestro is in its infancy in this country. We have just introduced it, and not all of

Finance committee  The product is not on a credit card. Maestro appears on the back of the access card you use to facilitate debit card transactions, either at a merchant or at a bank machine.

Industry committee  We provided it to the Senate banking committee and we have provided it to the researchers at their request. We'd be happy to provide it to this committee and to the clerks.

Finance committee  We provided it to the Senate banking committee and we have provided it to the researchers at their request. We'd be happy to provide it to this committee and to the clerks.