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MasterCard Said Processed Transactions Climbed Through Nov. 28

MasterCard Inc., the world’s second- biggest consumer payments network, said global processed transactions increased about 6 percent from Oct. 1 through Nov. 28.

U.S. credit card spending climbed “in the low single digits” and debit spending rose “slightly,” said Chris McWilton, president of U.S. markets for Purchase, New York-based MasterCard, during an investor presentation today. Spending by cardholders outside their home countries advanced 19 percent, compared with 15 percent during the third quarter, he said.

To contact the reporter on this story: Peter Eichenbaum in New York at peichenbaum@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

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