FINA Committee Meeting

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MINUTES OF PROCEEDINGS

Meeting No. 30

Tuesday, May 26, 2009

The Standing Committee on Finance met jointly with the Standing Committee on Industry, Science and Technology in a televised session at 3:30 p.m. this day, in Room 253-D, Centre Block, James Rajotte, Chair of the Standing Committee on Finance, and Mihael D. Chong, Chair of the Standing Committee on Industry, Science and Technology, presiding.

Members of the Committee present: Hon. Maxime Bernier, Robert Carrier, Bob Dechert, Jean-Yves Laforest, Hon. John McCallum, Hon. John McKay, Massimo Pacetti and James Rajotte.

Acting Members present: Hon. Dan McTeague for Massimo Pacetti.

Members of the Standing Committee on Industry, Science and Technology present: Robert Bouchard, Hon. Michael D. Chong, Anthony Rota, Mike Wallace, Robert Bouchard, Gord Brown, Hon. Michael D. Chong, Siobhan Coady, Mike Lake, Anthony Rota, Dave Van Kesteren, Robert Vincent, Mike Wallace and Chris Warkentin.

Acting Members present: Martha Hall Findlay for Marc Garneau and Glenn Thibeault for Brian Masse.

In attendance: Library of Parliament: Philippe Bergevin, Analyst ; Mark Mahabir, Analyst.

Witnesses: UseMyBank Services: Brian Crozier, Co-founder, Global Business Development; Joseph Iuso, Chief Executive Officer and Co-founder. Moneris Solutions: Jim Baumgartner, President and Chief Executive Officer; Fern Glowinsky, Senior Vice-President, General Counsel and Corporate Secretary. TD Merchant Services: Jeff van Duynhoven, President.

Pursuant to Standing Order 108(2) and the motion adopted by the Committee on Thursday, April 2, 2009, the Committee resumed its study of credit card interchange fees and the debit payment system in Canada.

The witnesses made statements and answered questions.

At 5:16 p.m., the sitting was suspended.

At 5:18 p.m., the sitting resumed.

The Committee proceeded to the consideration of matters related to Committee business.

It was agreed, — That the Standing Committee on Finance meet jointly with the Standing Committee on Industry, Science and Technology on June 2, 9 and 16, 2009, from 9:00 a.m. to 11:00 a.m.

At 5:29 p.m., the Committee adjourned to the call of the Chair.

Jean-François Pagé
Clerk of the Committee

2009/05/29 3:29 p.m.