MasterCard’s worldwide purchase volume increased 10 per cent on a local currency basis to $759 billion.  Photograph: Andrew Harrer/Bloomberg

Debit and credit card firm MasterCard said profits rose 14 per cent in the first quarter as more people used cards to shop.MasterCard’s worldwide purc(...)

MasterCard: profit excluding one-time items was 57 cents a share, missing the 60-cents average  analyst  estimate. Photograph: Andrew Harrer/Bloomberg

MasterCard fell the most in almost 2½ years after reporting profit that missed analysts’ estimates as rebates to card issuers fuelled a jump in expens(...)