MasterCard this morning has announced financial results for the third quarter 2010. The company reported gross dollar volume increased 8.5% on a local currency basis to $685 billion, cross border volumes increased 15.4% and processed transactions increased 0.6% compared to the same period in 2009, to 5.8 billion.
"Consumers and businesses around the world continue to recognize the benefits of electronic payments and MasterCard remains at the heart of this evolution," said Ajay Banga, MasterCard president and chief executive officer. "Our year-to-date net income is up over 22%, aided by strong volume growth from markets outside of the U.S."
Press release, supplemental operating results, and an accompanying investor presentation are available on the MasterCard website