MasterCard Inc. Quarterly Profit increased 21% in net income for 2014’s fourth quarter. Aided by higher transaction volumes from U.S. and international sales, MasterCard reported an $801 million profit versus $684 million a year before. With net revenues of $2.42 billion, adjusted for foreign-currency effects and excluding special items, from $2.13 billion at the end of 2013. Debit and Credit card transactions continue to increase amidst the economy.
Cardholders continue to enjoy the simple and secure alternative of online shopping along with purchasing from retail stores. While consumers don’t spend money as frivolously as they did in the past, shoppers are still buying consciously amidst the economy. More than ever, shoppers are relying on debit and credit card purchases, especially online shoppers, to save time and to avoid checkout hassles.
MasterCard’s debit and credit purchase volumes manage to make healthy gains in the U.S. market at the end of 2014 compared to the end of 2013. Credit purchase volumes rose 8% to $160 billion versus 2013’s fourth quarter of $148 billion, with a 6% transaction increase of 1.78 billion from 2013’s transaction volume of 1.68 billion. In debit purchase volumes rose 8.5% to $138 billion from $127 billion a year earlier, with a transaction volume increase of 8% totaling 3.52 billion versus 2013’s quarterly of 3.26 billion transaction volume.
The worldwide credit and debit purchase volume rose 12% to $858 billion from $805 billion last year. If you haven’t done so already, now would be a great time to open a high volume merchant account at eMerchantBroker.com for your business. Start accepting credit and debit cards and increase sales volumes. eMerchantbroker’s expertise in the industry bring ease of use and great customer feedback from their services.
More online-shopping purchases are being made as technology such as smartphones and computers become household mainstays. MasterCard’s profit beats expectations as customers spend more amidst the economy. MasterCard and Visa Inc. benefit as more people use cards instead of cash all across the world.