MasterCard profit leaps as card use rises worldwide

(Reuters) - MasterCard Inc , the world's second-largest credit and debit card network, reported a higher fourth-quarter profit as more people choose card payments over cash.

MasterCard reported a higher fourth-quarter profit as more people choose card payments over cash.

(Reuters) - MasterCard Inc , the world's second-la

MasterCard says its third-quarter profit soared 38 percent on a big spike in card use. The Purchase, N.Y.-based payments processor also attributed the strong results to new deals with certain banks to issue debit cards bearing its logo and new transaction processing deals overseas.

(Reuters) - MasterCard Inc , the world's second-largest credit and debit card network, reported an 8 percent rise in quarterly profit but worldwide purchase volume growth slowed to the lowest level in six quarters .

NEW YORK (Reuters) - MasterCard Inc , the world's second-largest credit- and debit-card processing network, said its second-quarter profit rose 31 percent from a year earlier, as the company reigned in expenses and consumers slowly resumed spending and traveling abroad.