MasterCard Reports First Quarter Volumes
MasterCard this morning announced first quarter 2005 volumes of $379.6 billion, a 10.9 percent increase over the same period in 2004 for gross dollar volume on MasterCard-branded cards. Purchase volume increased 11.4 percent to $277.2 billion while the number of MasterCards issued worldwide rose 11.2 percent to a total of 697.9 million cards.
"The strength of the MasterCard brand and our portfolio of payment solutions continues to resonate around the globe as illustrated by our robust operating performance this quarter," said Alan Heuer, MasterCard chief operating officer."Expanded relationships with our customers, combined with our unsurpassed global acceptance network, are making MasterCard cards the preferred means of payment for a growing base of cardholders around the world. MasterCard cardholders know they don't need to carry anything else."
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