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Non-Tech : Mastercard

MA 551.51

-0.3%

Nov 7 9:30 AM EST

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From: JakeStraw	10/30/2014 8:14:25 AM
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MasterCard Incorporated Reports Third-Quarter 2014 Financial Results finance.yahoo.com Third-quarter net income of $1 billion, or $0.87 per diluted share Third-quarter net revenue increase of 13%, to $2.5 billion Third-quarter gross dollar volume up 12% and purchase volume up 11% "We delivered strong results for the quarter, reporting double-digit revenue and net income growth, despite a mixed economic environment,” said Ajay Banga, president and CEO, MasterCard. “We also continue to invest and partner to make payments safer, easier and faster. Within the past two months alone, we opened our new technology hub in New York City, delivered our technology and security protocols as part of the launch of Apple Pay and partnered with the Transport for London to deliver contactless payments system-wide. Through our commitment to innovation, we are making it safer and simpler for people to pay and get paid – today and in the future.”

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