TORONTO, April 22, 2009 – Good afternoon. MasterCard very much appreciates the Committee’s invitation to participate in its study of Canada’s credit and debit systems. My name is Kevin Stanton, and I am the president of MasterCard Canada. With me today are vice president and counsel for MasterCard Canada, Andrea Cotroneo, and vice president and team lead, Diane Miquelon. We pride ourselves on being a trusted information source for the study and on payments in general. In the course of addressing these issues, we have realized that the value and economic contribution of the payments industry are not well understood. Moreover, MasterCard Canada realizes it must continue to demystify these highly valuable systems. Read More