Visa

9223.535 - 9250.929 Ben Gilbert

The payload size of the data has remained infinitesimally small relative to the amount that technology has progressed. This 0.2%, the 20 cents on the $100 transaction, very low variable costs associated with that. So a few caveats on this. Debit is significantly less in most cases, and often thanks to regulatory reasons. And the logic here is nobody's actually taking any risk to extend credit.