MasterCard Incorporated posted 1Q/12 net income up 21% from the year ago figure to $682 million while net revenue was up 17% to $1.8 billion. This was thanks to an increase in cross-border volumes of 18%; an 18% increase in gross dollar volume on a local currency basis to $849 billion; and an increase in processed transactions of 29% to 7.7 billion.
Also contributing to positive performance was worldwide purchase volume increasing 17% on a local currency basis from the year ago figure to $629 billion as issuers distributed 1.8 billion MasterCard and Maestro-branded cards. The acquisitions of DataCash and Access Prepaid Worldwide also demonstrated nearly 25% operational increases, each. Excluding the acquisition of Access Prepaid, net revenue grew approximately 16% and operating expenses grew approximately 9%.
