HIGHER BANK FEES BOOST MASTERCARD RESULTS [+] ballot by LCD ACTIVE Tue Nov 03, 09 - Wed Nov 03, 10 MasterCard reported on Tuesday quarterly earnings as the world's second-largest credit card network raised fees to banks and trimmed expenses, while consumers used their debit cards more. MasterCard's third-quarter net income rose to $452 million, or $3.45 per share, compared with MasterCard a loss of $194 million, or $1.48 per share, a year earlier. The year earlier results were affected by a litigation settlement. Revenue rose 2 percent to $1.4 billion, boosted by higher fees charged to banks and increased consumer use of credit and debit cards, while expenses declined 13 percent to $685 million, as the company trimmed advertising and marketing spending and reduced personnel and administrative costs. --------- hmm how did they do so well, while all the consumers are suffering through this recession? anyone? anyone? Bueller? skinned consumers alive with higher fees Register to submit choices Ballot #135133 : SEE RESULTS Comment: Register to submit comments You may still vote without registration show your vote with comment?

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