MasterCard's third-quarter income rises on back of international growth
November 2, 2012, 12:44 pm TWN
NEW YORK -- MasterCard's net income rose strongly in the third quarter as its overseas business thrived, the company said Wednesday.
The payments company's business grew by virtually every measure. It processed 8.7 billion transactions, an increase of 24 percent over last year. Excluding the U.S., people spent 15 percent more money using MasterCard-branded cards on a local-currency basis.
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