Industry committee  Sure. You're right that the code tackles the issue of co-badging directly. For clarity, co-badging is the co-residency of competing payment brands on a card targeting the same transaction. So two debit brands, for example, are on the same transaction. The code also addresses the

Industry committee  I'm not sure I can speak to the reasons for the 3% side of the 12¢ to 3%. I can certainly talk to the “few pennies to 12¢” side. Certainly Interac has become a payment method that I think both sides--consumers on the one side and retailers on the other--have come to rely on grea

Industry committee  Are we? No.

Industry committee  That's a great question. I would suggest that the Canadian market is moving forward well into the digital economy in the world of electronic commerce. As a payment provider, we're endeavouring to offer a suite of solutions that take our products and our answers—whether it's for

Industry committee  Off the top of my head, I'm not sure I have anything that directly relates Canada to the U.S. I'd certainly be happy to--

Industry committee  We've had lots of debate about fees at the table today. Canadians on the personal side and business side give up a lot less in payments than their counterparts south of the border. Through all of this debate, the one thing we know is that Interac has been at the heart of that low

Industry committee  If we had a magic formula, we'd be using it. The average small business has been trying to make payments to suppliers at the end of the month, get paid by clients at the end of the month, and all the time manage their costs. It's not that different from a typical consumer trying

Industry committee  Thank you very much. Good afternoon, Mr. Chair and members of the committee. Thank you, indeed, for the invitation to appear before you today to discuss the e-commerce market in Canada. I will start out with a brief overview of who we are and what we do, the services that we o