MasterCard Inc. expects U.S. tensions with Russia to have a “small impact” on this year’s earnings, while the longer-term effects are uncertain, according to Chief Executive Officer Ajay Banga.
MasterCard Inc., the second-biggest U.S. payments network, reported profit that beat analysts’ estimates as spending on credit and debit cards rose. The shares climbed.
MasterCard Inc. , the world’s second- biggest payments network, posted a 31 percent increase in second-quarter profit as consumers used their cards more while traveling beyond their home countries.
MasterCard Inc. , the world’s second- biggest bank-card network, said fourth-quarter profit jumped 41 percent on a surge in U.S. consumer spending and the global migration to electronic payments.
MasterCard Inc., the second-biggest payments network, rose as much as 4.3 percent after posting first-quarter profit that beat analysts’ estimates on increased customer spending.
"We are making it safer and simpler for people to pay and get paid."
- Ajay Banga on Oct 30, 2014