MasterCard International Reports Continued Growth in Third Quarter, First Nine Months of 2005; Customer-Centric Strategy Yields Double-Digit Growth in Purchase and Gross Dollar Volume

Business Wire, Nov 1, 2005

PURCHASE, N.Y. -- MasterCard International today announced operating results for the third quarter and first nine months of 2005, with double-digit growth in both gross dollar volume (GDV) and purchase volume. Growth continues to be fueled by increased cardholder spending around the world, the continued global implementation of the company's customer-focused strategy, and the ability to deliver innovative products and value-added processing, information and related services.

"The strength of the MasterCard brand, and our portfolio of innovative payment solutions, continue to resonate around the globe, as illustrated by our operating performance this quarter," said Alan Heuer, MasterCard's chief operating officer.

Performance highlights for the third quarter and first half of 2005 include:

--Cardholders worldwide used MasterCard-branded cards (excluding Maestro(R) and Cirrus(R)) for 4.9 billion transactions during the third quarter. This generated GDV of $424.4 billion in the third quarter, up 12.5% over the same period last year. For the first nine months of the year, GDV has grown by 11.9% to $1,215.2 billion. GDV includes both purchase and cash volume;

--As of September 30, 2005, MasterCard's nearly 25,000 customer financial institutions around the world issued 725.2 million MasterCard-branded cards, a 10.6% increase over the same period in 2004; MasterCard's unsurpassed acceptance network allows cardholders to use their MasterCard cards at over 23 million acceptance locations around the world.

--The value of purchases on MasterCard-branded cards increased 14.5% to $300.0 billion in the third quarter. Purchase volume increased 13.8% during the first nine months of the year, reaching $856.2 billion.

MasterCard's growth has spanned both credit and debit. GDV for worldwide credit and charge programs increased by 10.7% to $335.8 billion in the third quarter, while GDV for debit programs rose 20.0% to $88.6 billion.

"MasterCard's global customer base continues to benefit as cardholders around the world are increasingly turning to MasterCard for a combination of acceptance, convenience, and flexibility," said Heuer.

The performance breakdown by region is as follows:

For the 3 Months ended September 30, 2005
          ------------------------------------------------------------
All
Programs
except
On-Line                       Purchase            Purchase     Cash
Debit         GDV     Growth   Volume   Growth  Transactions  Volume
Programs  (Billions) (Local) (Billions) (Local)  (Millions) (Billions)
          ------------------------------------------------------------
South
 Asia /
 Middle
 East
 Africa         $5.7    43.0%     $3.7     28.8%       57.2      $2.0
Asia /
 Pacific        65.5     9.8%     34.6     13.6%      440.7      30.9
Europe         115.9    13.6%     85.1     13.0%    1,168.2      30.8
Latin
 America        25.1    33.5%     11.5     33.1%      275.2      13.6
Canada          15.9    13.4%     13.7     17.7%      179.6       2.3
United
 States        196.3     9.8%    151.4     13.7%    2,138.6      44.9
Worldwide      424.4    12.5%    300.0     14.5%    4,259.6     124.4

Credit
 Programs
United
 States        148.1     6.3%    121.8     10.9%   $1,432.9      26.3
Worldwide      335.8    10.7%    253.6     13.6%   $3,241.0      82.2

Off-Line
 Debit
 Programs
United
 States         48.2    22.0%     29.6     26.6%      705.7      18.6
Worldwide       88.6    20.0%     46.5     19.3%    1,018.6      42.2


All Programs
except                      Cash                            Acceptance
On-Line Debit   Growth  Transactions  Accounts     Cards    Locations
Programs        (Local)  (Millions)  (Millions)  (Millions) (Millions)
               -------------------------------------------------------
South Asia /
 Middle East
 Africa            79.8%        14.6       14.1       16.5        0.6
Asia / Pacific      5.7%       126.8      127.0      139.3        6.8
Europe             15.4%       206.8      110.5      123.3        7.6
Latin America      33.8%       101.6       56.5       69.0        1.9
Canada             -6.9%         4.8       25.1       30.6        0.7
United States      -1.5%       193.6      295.5      346.4        6.1
Worldwide           8.0%       648.3      628.7      725.2       23.9

Credit Programs
United States     -10.7%        17.5      228.7      273.2
Worldwide           2.5%       279.4      527.3      611.3

Off-Line Debit
 Programs
United States      15.4%       176.2       66.8       73.2
Worldwide          20.7%       368.9      101.5      113.9



                   For the 9 Months ended September 30, 2005
          ------------------------------------------------------------
All
Programs
except
On-Line                       Purchase            Purchase     Cash
Debit         GDV     Growth   Volume   Growth  Transactions  Volume
Programs  (Billions) (Local) (Billions) (Local)  (Millions) (Billions)
          ------------------------------------------------------------
South
 Asia /
 Middle
 East
 Africa        $15.1    34.6%    $10.2     26.0%      160.8      $4.9
Asia /
 Pacific       193.4     7.2%    101.9     13.8%     1259.8      91.5
Europe         333.6    13.1%    246.1     13.9%    3,316.9      87.5
Latin
 America        68.5    34.9%     30.8     32.5%      765.8      37.7
Canada          44.0    14.1%     37.2     16.6%      498.3       6.8
United
 States        560.7    10.0%    430.1     12.2%    6,108.9     130.6
Worldwide     1215.2    11.9%    856.2     13.8%   12,110.7     358.9

Credit
 Programs
United
 States        421.3     5.2%    345.0      9.1%   $4,086.9      76.3
Worldwide      961.1     8.8%    722.0     12.5%   $9,198.4     239.0

Off-Line
 Debit
 Programs
United
 States        139.4    27.8%     85.1     26.3%    2,022.1      54.3
Worldwide      254.1    25.7%    134.2     21.3%    2,912.3     119.9


All Programs
except                      Cash
On-Line Debit   Growth  Transactions  Accounts     Cards
Programs        (Local)  (Millions)  (Millions)  (Millions)
               -------------------------------------------------------
South Asia /
 Middle East
 Africa            57.2%        39.0       14.1       16.5
Asia / Pacific      0.8%       346.7      127.0      139.3
Europe             10.7%       586.7      110.5      123.3
Latin America      37.0%       289.7       56.5       69.0
Canada              2.0%        14.1       25.1       30.6
United States       3.5%       580.1      295.5      346.4
Worldwide           7.7%     1,856.3      628.7      725.2

Credit Programs
United States      -9.7%        49.9      228.7      273.2
Worldwide          -1.1%       786.7      527.3      611.3

Off-Line Debit
 Programs
United States      30.4%       530.2       66.8       73.2
Worldwide          30.9%      1069.7      101.5      113.9