Finance committee  The interchange is definitely much higher.

Finance committee  Yes, there was. There's a substantial system investment, from our perspective, to be able to process the more complex cards, so definitely.

Finance committee  The chip as well as the more complex interchange structure, the premium cards.

Finance committee  The change in interchange from what was a very simple structure in 2001 to now, as Jeff mentioned, 21 or so Visa rates and probably an equal number of MasterCard rates, which required us to have a major system build to be able to handle those transactions.

Finance committee  It's certainly technically possible. I think some of our merchants may have an issue with that, particularly those who deal with speed at the point of sale. Any quick-service restaurant, for example, would want to keep the customers moving and not slow them down to examine each o

Finance committee  Yes, I think from a consumer perspective, as a cardholder, I think they were well thought through. They were good from a cardholder perspective. And as Jeff said, disclosure is something we can all do better at. So from that perspective, I would say yes. From a merchant's persp

Industry committee  I'd say it hasn't come up with merchants. They haven't asked us to be able to discuss it, to my knowledge, but it is something, certainly, that I don't know is still necessary in the agreements. It's something this whole process has taught us. We can do a little bit of self-refle

Industry committee  Yes, I think from a consumer perspective, as a cardholder, I think they were well thought through. They were good from a cardholder perspective. And as Jeff said, disclosure is something we can all do better at. So from that perspective, I would say yes. From a merchant's persp

Industry committee  No, they don't.

Industry committee  Yes, we do in some situations and in some situations we don't. It depends on the actual agreement with a specific merchant. Each merchant negotiates individually with us.

Industry committee  The interchange is definitely much higher.

Industry committee  Yes, there was. There's a substantial system investment, from our perspective, to be able to process the more complex cards, so definitely.

Industry committee  The chip as well as the more complex interchange structure, the premium cards.

Industry committee  The change in interchange from what was a very simple structure in 2001 to now, as Jeff mentioned, 21 or so Visa rates and probably an equal number of MasterCard rates, which required us to have a major system build to be able to handle those transactions.

Industry committee  It's certainly technically possible. I think some of our merchants may have an issue with that, particularly those who deal with speed at the point of sale. Any quick-service restaurant, for example, would want to keep the customers moving and not slow them down to examine each o