Briefly, I can't see how competition could hurt. Whether you want to loosen regulation on Interac is something else. I hear merchants saying that if Interac comes in, it's going to charge a higher price and take over the system. That's inconsistent. It's hard to believe that a competitor could come in, charge a higher price, and take over the system. It is competitors that are more efficient and charge lower prices that can take over the system. You can't have it both ways.
