Industry committee  This MasterCard rate structure is almost exactly the same as the one currently in effect for Visa. It's really very, very close to it. An electronic transaction takes place in the client's presence, whereas a standard transaction is done over the telephone or via the Internet and then, depending on the type of card—individual, corporate, premium or worldwide...

Finance committee  This MasterCard rate structure is almost exactly the same as the one currently in effect for Visa. It's really very, very close to it. An electronic transaction takes place in the client's presence, whereas a standard transaction is done over the telephone or via the Internet and then, depending on the type of card—individual, corporate, premium or worldwide...

Industry committee  In actual fact, I don't believe that anyone will rent a suite at a hotel and pay $300 more a night in order to get bonus points. Everyone stays within a budget. People won't buy more in order to get points. In addition, consumers don't know that it's the merchant who's paying for the gifts they're given.

Finance committee  In actual fact, I don't believe that anyone will rent a suite at a hotel and pay $300 more a night in order to get bonus points. Everyone stays within a budget. People won't buy more in order to get points. In addition, consumers don't know that it's the merchant who's paying for the gifts they're given.

Industry committee  Indeed, people very rarely request regulation in the business environment. Except that, less than a year ago, there was a single fixed rate, which had been the same for 20 or 25 years. In a few months, we went to various rates that complicated our lives and that are now much higher.

Finance committee  Indeed, people very rarely request regulation in the business environment. Except that, less than a year ago, there was a single fixed rate, which had been the same for 20 or 25 years. In a few months, we went to various rates that complicated our lives and that are now much higher.

Industry committee  Thank you. In our sector, since credit cards are really the way we operate, we tried to meet with the Visa people, but through our acquirer. We wanted to explain to them that, in the current situation, our entire operating method was affected and that this represented thousands of dollars in costs.

Industry committee  That's exactly what's happening, but we tried to do something about it. Thank you.

Finance committee  Thank you. In our sector, since credit cards are really the way we operate, we tried to meet with the Visa people, but through our acquirer. We wanted to explain to them that, in the current situation, our entire operating method was affected and that this represented thousands of dollars in costs.

Finance committee  That's exactly what's happening, but we tried to do something about it. Thank you.

Industry committee  I'm not going to top what my colleague from the Canadian Restaurant and Foodservices Association just said about small profit margins; however, I believe that the members of the joint committee, mainly those from the Industry Committee, can understand how tough times are in our sector.

Finance committee  I'm not going to top what my colleague from the Canadian Restaurant and Foodservices Association just said about small profit margins; however, I believe that the members of the joint committee, mainly those from the Industry Committee, can understand how tough times are in our sector.