MasterCard profit up 14 pct as card spending rises

Thu Oct 31, 2013 8:05am EDT

Oct 31 (Reuters) - MasterCard Inc reported a 14 percent rise in quarterly profit as more people used cards to make payments.

The world's second-largest credit and debit card company's net income rose to $879 million, or $7.27 per share, in the third quarter, from $772 million, or $6.17 per share, a year earlier.

Net revenue rose 16 percent to $2.22 billion.

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