MasterCard International Reports Double Digit Growth in 2005 as Gross Dollar Volume Increases 11.9% Worldwide.PURCHASE, N.Y. -- MasterCard MasterCard Worldwide (NYSE: MA) is a mutinational corporation based in Purchase, NY in the United States. Throughout the world, its principal business is to process payments between the banks of merchants and the banks of purchasers that use its "Mastercard" branded debit- and International today announced operating results for the fourth quarter and full-year 2005, with double-digit dou·ble-dig·it adj. Being between 10 and 99 percent: double-digit inflation. growth in both gross dollar volume (GDV GDV gastric dilatation/volvulus. ) and purchase volume. In 2005, cardholders worldwide used 749.3 million MasterCard-branded cards for more than 19.1 billion transactions, generating gross dollar volume (GDV) of $1.7 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. , an increase of 11.9 percent over 2004. "Innovations like our PayPass contactless payments Contactless payment systems are credit cards, key fobs, or other devices which use RFID for making secure payments. The built in chip and antenna enable consumers to wave their card or fob over a reader at the point of sale. technology, combined with the global strength of our brand and ability to provide our customers with leading-edge processing services and industry expertise continue to resonate res·o·nate v. res·o·nat·ed, res·o·nat·ing, res·o·nates v.intr. 1. To exhibit or produce resonance or resonant effects. 2. around the world," said MasterCard Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Alan A`lan´ n. 1. A wolfhound. Heuer. MasterCard's strong performance in 2005 was fueled by growth in both credit and debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. programs. GDV for worldwide credit and charge programs grew 9.2 percent to more than $1.3 trillion, while GDV for offline debit programs rose 23.6 percent to $347.3 billion. Performance highlights for 2005 include: --Cardholders across the globe used MasterCard-branded cards (excluding Maestro (1) (Maestro NT) An earlier name for scheduling software for Windows NT from Tivoli Systems, Inc. When IBM acquired Tivoli in 1996, the program was renamed IBM Tivoli Workload Scheduler. (R) and Cirrus(R)) for more than 19.1 billion transactions, generating GDV of $1.7 trillion, an increase of 11.9 percent over 2004. GDV includes both purchase and cash volume. --At year-end year-end also year·end n. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. , MasterCard's almost 25,000 customer financial institutions around the world had issued 749.3 million MasterCard-branded cards, a 10.5 percent increase over 2004. --The value of purchases on MasterCard-branded cards showed strong growth worldwide, rising 13.7 percent to nearly $1.2 trillion. The performance breakdown by region is as follows:
For the Year ended December 31, 2005
--------------------------------------------------
All Programs except Purchase Purchase
On-Line Debit GDV Growth Volume Growth Transactions
Programs (Billions) (Local) (Billions) (Local) (Millions)
--------------------------------------------------
South Asia/
Middle East
Africa $ 21.8 40.8% $ 14.4 28.3% 227.5
Asia/Pacific 261.7 7.7% 139.2 14.2% 1,726.7
Europe 452.8 13.5% 333.9 13.7% 4,528.7
Latin America 98.0 32.5% 44.6 31.9% 1,075.5
Canada 61.2 13.7% 52.1 16.0% 683.9
United States 765.1 9.5% 589.0 11.9% 8,360.3
Worldwide 1,660.6 11.9% 1,173.3 13.7% 16,602.6
Credit Programs
United States 575.7 5.1% 472.2 9.1% 5,597.7
Worldwide 1,313.3 9.2% 989.9 12.5% 12,625.1
Off-Line Debit
Programs
United States 189.4 25.4% 116.8 25.2% 2,762.6
Worldwide 347.3 23.6% 183.4 20.3% 3,977.4
All Programs -----------------------------------------------------
except Cash Cash
On-Line Debit Volume Growth Transactions Accounts Cards
Programs (Billions) (Local) (Millions) (Millions) (Millions)
-----------------------------------------------------
South Asia/
Middle East
Africa $ 7.4 73.6% 59.2 15.8 18.6
Asia/Pacific 122.5 1.2% 477.7 131.6 144.2
Europe 118.9 12.8% 794.8 116.6 129.5
Latin America 53.4 33.0% 397.0 61.6 74.1
Canada 9.1 1.7% 18.7 25.7 31.3
United States 176.0 2.2% 764.9 301.0 351.6
Worldwide 487.4 7.8% 2,512.2 652.3 749.3
Credit Programs
United States 103.5 -9.7% 66.8 231.7 277.0
Worldwide 323.5 -0.1% 1,070.0 545.0 630.9
Off-Line Debit
Programs
United States 72.6 25.8% 698.1 69.3 74.5
Worldwide 163.9 27.6% 1,442.2 107.3 118.3
For the 3 Months ended December 31, 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 $6.7 56.5% $4.2 33.8% 66.6 $2.5
Asia/
Pacific 68.3 8.9% 37.3 15.1% 466.8 31.0
Europe 119.0 14.4% 88.0 13.2% 1,212.0 31.1
Latin
America 29.5 27.2% 13.8 30.6% 309.4 15.7
Canada 17.3 12.7% 14.9 14.8% 185.5 2.4
United
States 204.9 8.5% 160.1 11.7% 2,258.4 44.8
Worldwide 445.8 11.9% 318.3 13.6% 4,498.7 127.5
Credit
Programs
United
States 154.4 5.1% 128.0 9.0% 1,511.1 26.4
Worldwide 352.0 10.1% 268.7 12.7% 3,426.8 83.3
Off-Line
Debit
Programs
United
States 50.5 20.3% 32.1 23.6% 747.3 18.4
Worldwide 93.7 19.1% 49.6 18.5% 1,071.9 44.2
All Programs ------------------------------------------------------
except Cash Acceptance
On-Line Debit Growth Transactions Accounts Cards Locations
Programs (Local) (Millions) (Millions) (Millions) (Millions)
------------------------------------------------------
South Asia/
Middle East
Africa 117.1% 20.2 15.8 18.6 0.6
Asia/Pacific 2.2% 130.8 131.6 144.2 7.6
Europe 18.1% 207.9 116.6 129.5 7.8
Latin America 24.3% 107.3 61.6 74.1 2.0
Canada 1.0% 4.6 25.7 31.3 0.8
United States -1.6% 187.2 301.0 351.6 6.0
Worldwide 7.8% 658.0 652.3 749.3 24.7
Credit Programs
United States -10.6% 16.7 231.7 277.0
Worldwide 2.4% 282.8 545.0 630.9
Off-Line Debit
Programs
United States 15.0% 170.5 69.3 74.5
Worldwide 19.7% 375.2 107.3 118.3
Note to Editors: Online debit activity, which includes MasterCard's online debit program, Maestro, and MasterCard's ATM-only brand, Cirrus, will be available at a later date. The data in this press release is provided by the member financial institutions of MasterCard International Incorporated and its affiliates ("MasterCard") and is subject to revision and amendment by such members subsequent to the date of its release which revisions and amendments may be material. A portion of the data relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc accounts and cards reflects the impact of routine portfolio changes among members and other practices that may lead to over counting of the underlying data in certain circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . Information with respect to gross dollar volumes ("GDV") includes the impact of balance transfers and convenience checks. The number of cards includes virtual cards, which are MasterCard-branded payment accounts in connection with which functional cards are not generally issued. Information denominated in U.S. dollars is calculated by applying an established U.S. dollar/local currency exchange rate for each local currency in which MasterCard volumes are reported. Period-over-period rates of change in volume-based information are provided on a local-currency basis. Accordingly, the period-over-period rates of change in this press release cannot be extrapolated directly by reference to the U.S. dollar volume information presented for the current and historical periods. MasterCard-branded data regarding GDV, purchase volume, purchase transactions, cash volume and cash transactions is derived from information provided by MasterCard members that is subject to verification by MasterCard and partial cross-checking against information provided by MasterCard's transaction processing systems A Transaction Processing System (TPS) is a type of information system. TPSs collect, store, modify, and retrieve the transactions of an organization. A transaction is an event that generates or modifies data that is eventually stored in an information system. . MasterCard-branded data concerning accounts, cards and acceptance locations is derived from information provided by MasterCard members that is subject to certain limited verification by MasterCard. Certain information with respect to acceptance locations is provided by third parties and has not been independently verified ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. by MasterCard. The data in this press release includes information with respect to MasterCard-branded transactions that are not processed by MasterCard and transactions for which MasterCard does not earn significant revenues. Accordingly, the data in this press release cannot be taken as a direct indication of the financial performance of MasterCard International or its parent company, MasterCard Incorporated. Cash volumes for the periods indicated in the tables above for MasterCard-branded debit programs in the U.S. region and credit programs in the Asia/Pacific region are higher due to expanded data collection and stricter enforcement of reporting requirements during these periods. Some of the data in the Asia/Pacific region for the periods prior to the three months ended September September: see month. 30, 2004 have been estimated in order to conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" current presentation standards and ensure comparable statistics. In addition, a change in methodology for characterizing volumes for certain transactions in China, the United Kingdom and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. have lowered purchase volume and increased cash volume in the Asia/Pacific, Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). and the United States regions.About MasterCard International MasterCard Incorporated is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. and related payment programs. MasterCard, through its principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , MasterCard International Incorporated, manages a family of well-known well-known adj. 1. Widely known; familiar or famous: a well-known performer. 2. Fully known: well-known facts. , widely accepted payment card brands including MasterCard(R), Maestro(R) and Cirrus(R) and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Adj. 1. award-winning - having received awards; "this award-winning bridge spans a distance of five miles" Priceless price·less adj. 1. Of inestimable worth; invaluable. 2. Highly amusing, absurd, or odd: a priceless remark. (R) advertising campaign is now seen in 105 countries and in 48 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com. |
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