MasterCard profit rise

MasterCard one of the world’s largest credit-card and debit-card processing network raises their second-quarter profit 31%. This New York based company reported net income of $458 million on Tuesday. That compared with $349 million in the year earlier period. This company attributed its results in part to an increase in spending on its cards, especially outside of the USA. The gross of dollar volume of the transactions MasterCard rose about 8.5% in world from the year, to $656 billion and growth in US gross of dollar volume was flat at $244 billion. MasterCard also claimed more consumers have resumed traveling and spending money in abroad. MasterCard cross border volumes increased in 15.2% from a year.