Finance committee  That's a perfect question. The first comment, and maybe it will answer the rest of it—and I'll keep it to 30 seconds—is that we're far more advanced than anyone. If you go to MasterCard's website, they rank us number two in the world for mobile payments. Singapore is number one.

Finance committee  I think it's important to make it sufficient but living, and the reason is that an example was mentioned about setting defaults on it and not being able to do that. From a usability point of view it would be good to review that in the future, because if it takes x steps to pay wi

Finance committee  We wouldn't know if you paid with your card or your phone. We don't see that data. It doesn't exist.

Finance committee  I see a big opportunity in small business, again, using this as a terminal to accept a debit card, a credit card, or a BBM payment. That's a massive opportunity, right? And you're seeing it. There's a company in the U.S. called Square. I think there's a company in Vancouver calle

Finance committee  From what we've seen, from a security and privacy perspective, we haven't seen any concern to date. Again, our security experts have walked through not all the cloud-based solutions but the ones we have been involved in and we feel fairly sure that there's not a security issue.

Finance committee  Yes, it definitely is. To put it plainly, we're taking our expertise and ability to manage devices to actually managing, as Kurt mentioned earlier, something called a secure element on devices. That's where you store credit cards. If you've heard of mobile device management, secu

Finance committee  We're very involved, actually. We spoke earlier that my company is operating the carrier joint venture infrastructure that allows you to put a payment card over the air and store it in the phone. For some banks—only one's been made public—we also run their infrastructure as well.

Finance committee  In terms of contactless payments, we've undergone certification. So MasterCard, Visa, and even Interac have a rigorous process to go through that. So from a device side, whether it's us or Samsung or anyone else, they go through a horrendous—I won't go any further—process to ma

Finance committee  I haven't worked with the Privacy Commissioner, but I am familiar with EULAs and user-licensing agreements being too big. Many times it's not necessarily due to us, it may be a third party that has built an app. It may be a bank that's built an application. A loyalty company may

Finance committee  It's not my area of expertise. I know we've come across it. We've heard complaints regarding third-party applications. It's an area under review. The privacy people at BlackBerry could get back to you, if you're interested.

Finance committee  The way it works is that essentially—we're not involved in the financial transaction directly, so we don't want to get into a regulated industry—we're leveraging that channel as a method to initiate the transfer. Indonesia is where we launched it first. I think last week one of o

Finance committee  Yes. In fact we're working with a number of financial institutions that are using email or using Facebook, and now they're going to deploy it on the same service, as an option, on BBM. We could work with Interac and you could do an e-transfer, but instead of email, through BBM.

Finance committee  There's no cost to the consumer and there is.... In fact, that's a service that we're launching through EnStream. So for EnStream, which is a joint venture consisting of Bell, Rogers, and Telus, we actually operate that platform. That will allow you to number one, have your card

Finance committee  First off, thank you for having us and inviting BlackBerry. This is a topic that's very important to our company. It leverages some of our strengths that we've forgotten about over the past few years—namely, security and management of mobile devices. We're taking that expertise a