Strong Fourth Quarter for MasterCard

February 1, 2013, Written By Natalie Rutledge
Strong Fourth Quarter for MasterCard

MasterCard, the world’s second-largest credit and debit card network, reported fourth-quarter revenue of $1.9 billion, an increase of 9.7% from a year earlier. Card use increased as consumers continue to switch from cash and checks.

Purchase volume increased 13% from a year ago. Transactions processed increased 20% to 9.2 billion, a drop from the 24% growth rate in the third quarter.

U.S. credit purchase volume increased 4.1% to $140 billion, compared with a 3.2% growth rate in the third quarter.

MasterCard profit increased to $605 million, up from $19 million a year earlier. Profit in the fourth quarter of last year was affected when the company took a litigation charge of $495 million.

The information contained within this article was accurate as of February 1, 2013. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at
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