Industry committee  In Canada for Visa we have 21 different rates for credit cards. We have seven different rates for debit as well, and one for what we call prepaid cards. When we look at credit alone, there are three different card types. There are regular cards, what we call Infinite cards, and c

Finance committee  I think clearly, with the debit product in markets today, which has zero interchange and low fees, they feel it's—as you mentioned—the lowest-cost form of payment. We like to look at payment more broadly, and competition more broadly, in that we look at the value a product provid

Finance committee  Ours is a hybrid fixed fee and percentage fee. It's a bit of both. It's a different model.

Finance committee  We disclose all those rates on our website.

Finance committee  We can provide some statistics to the committee.

Finance committee  Yes. We believe these are the highest-valued consumers to merchants. We set very specific spending or income thresholds for the cards to ensure that they are the most valuable customers. They spend the most and deliver the most value for retailers.

Finance committee  It's part of it. These cards deliver more value--the primary factor we consider in setting interchange rates on the merchant side. We also mandate a higher level of features to banks. We require banks to put in additional features, which costs money on these cards, and because of

Finance committee  A number of studies show that rewards drive consumer spending higher.

Finance committee  We disclose our interchange fee structure on our website. Any consumer or merchant with access to the Internet can see it.

Finance committee  A merchant's specific arrangement would be between it and its processor, it's acquirer. I'm not sure what their contracts require them to do in terms of confidentiality.

Finance committee  In Canada for Visa we have 21 different rates for credit cards. We have seven different rates for debit as well, and one for what we call prepaid cards. When we look at credit alone, there are three different card types. There are regular cards, what we call Infinite cards, and c

Industry committee  We believe that by entering the debit market in Canada we can bring value to both merchants and to consumers. There are a couple of reasons for that. On the consumer side, we bring the opportunity for increased functionality, as I mentioned, the opportunity to use the card online

Finance committee  We believe that by entering the debit market in Canada we can bring value to both merchants and to consumers. There are a couple of reasons for that. On the consumer side, we bring the opportunity for increased functionality, as I mentioned, the opportunity to use the card online

Industry committee  I'm not familiar with the details of the Interac system, but as I understand it, it's challenging for them and challenging for retailers to roll out online acceptance in Canada, hence the reason it's only available at a limited number of merchants.

Industry committee  I think that just looking at the cost of a particular system isn't taking a complete view of competition or the market. So what I'd suggest is that there's perhaps a cost to accepting cards, as there is to accepting any form of payment like cash, but credit cards deliver tremen