Mr. Sean Hosford:

I am happy to say that the debit card is being tested on a pilot basis and we are ready to roll on it. There was a huge debate on how we could withdraw money. In credit unions, if members have a loan, the shares are pledged against it. We got over that obstacle and the next one was whether it was an exempt service under section 48 of the Act. We got a legal opinion and so too did the Central Bank. We eventually had to agree to disagree. It then moved onto the question of whether or not we could operate a payments account. The European payments directive said that we could operate a payments account but the Credit Union Act does not say that specifically. Arguments like that delayed the project, but I am happy to say that it is in its pilot phase and is ready to go. We have been trying for four or five years, so it is old technology and is leaving us behind in the race.