MasterCard reported fourth-quarter results which couldn’t live up to lofty expectations from Wall Street. The world’s second-largest transaction network after Visa reported revenue 11.6% higher, a net earnings jump of 16%, and payments volume soar 14% to $1.1 trillion. The results just missed expectations, shy on earnings by 3 cents a share and missing revenue consensus by $15 million. The payments network said though cardholders used their cards more over the holidays, it wasn’t enough to offset higher rebates paid to banks.
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