MasterCard profit rises 24 percent

Markets Reuters

NEW YORK (Reuters) - MasterCard Inc's <MA.N> first-quarter profit rose 24 percent as consumers spent more money on their credit and debit cards.

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The world's second-largest card processing network on Tuesday reported a profit of $562 million, or $4.29 per share. That compares with $455 million, or $3.46 per share, in the year-ago period.

(Reporting by Maria Aspan; editing by John Wallace)