Mastercard (MA) 8-K Third-quarter net income of $518 million, or $3.94 per diluted share

Exhibit 99.1

News Release

MasterCard Incorporated Reports

Third-Quarter 2010 Financial Results

• Third-quarter net income of $518 million, or $3.94 per diluted share

• Third-quarter net revenue increase of 4.7%, to $1.4 billion

• Third-quarter gross dollar volume up 8.5% and purchase volume up 7.9%

Purchase, NY, November 2, 2010 – MasterCard Incorporated (NYSE:MA) today announced financial results for the third quarter 2010. The company reported net income of $518 million, up 14.6%, and earnings per diluted share of $3.94, up 14.2%, in each case versus the year-ago period.

Net revenue for the third quarter of 2010 was $1.4 billion, a 4.7% increase versus the same period in 2009. On a constant currency basis, net revenue increased 7.3% compared to the same period in 2009, driven by the revenue impact of the following:

• An increase in cross-border volumes of 15.4%; and

• An 8.5% increase in GDV on a local currency basis, to $685 billion.

In addition, a pricing contribution of approximately 7 percentage points, including the effect of cross-border rebates, was offset by a net increase in rebates and incentives due to new and renewed customer agreements.

Worldwide purchase volume during the quarter was up 7.9% on a local currency basis versus the third quarter of 2009, to $514 billion. The number of processed transactions increased 0.6% compared to the same period in 2009, to 5.8 billion. As of September 30, 2010, the company’s customers had issued 1.6 billion MasterCard and Maestro-branded cards.

“Consumers and businesses around the world continue to recognize the benefits of electronic payments and MasterCard remains at the heart of this evolution,” said Ajay Banga, MasterCard president and chief executive officer. “Our year-to-date net income is up over 22%, aided by strong volume growth from markets outside of the U.S.”

Banga commented, “Leveraging our global presence and differentiated assets, we continued to win new deals and execute against our three strategic pillars to grow, diversify and build MasterCard’s business. We are growing our global debit portfolio with new agreements that include Sovereign Bank, Chevy Chase (now part of Capital One) and Delta Air Lines in the U.S., Barclaycard in Germany and Qatar Islamic Bank. We are expanding our presence in new markets and channels, reflected in our memorandum of understanding with China Union Pay and an agreement with Singtel, one of the larger mobile operators in Asia. We also completed our acquisition of DataCash which enhances our e-Commerce capabilities.”

-more-

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Total operating expenses decreased 4.1%, to $662 million, during the third quarter of 2010 compared to the same period in 2009. Excluding currency fluctuations, operating expenses were down 2.6%. The decrease in total operating expenses was driven by a 6.7% reduction in general and administrative expenses, or 5.2% on a constant currency basis. This was due to lower personnel expense driven by decreased severance and compensation versus the year-ago quarter, primarily as a result of workforce reductions in 2009.

Advertising and marketing expenses increased $8 million, or 4.7%, in the third quarter of 2010 versus the third quarter of 2009. Excluding currency fluctuations, advertising and marketing expenses increased 6.2%.

Operating margin was 53.6% for the third quarter of 2010, up 4.2 percentage points over the year-ago period.

MasterCard’s effective tax rate was 32.3% in the third quarter of 2010, versus a rate of 32.9% in the comparable period in 2009. The decrease was due primarily to benefits from the repatriation of foreign earnings and a lower state tax rate, partially offset by the impact of discrete adjustments in each of the three-month periods ending September 30, 2009 and September 30, 2010.

Year-to-Date 2010 Results

For the nine months ended September 30, 2010, MasterCard reported net income of $1.4 billion, or $10.89 per diluted share.

Net revenue for the nine months ended September 30, 2010 was $4.1 billion, an increase of 7.9% versus the same period in 2009. On a constant currency basis, net revenue increased 8.4%.

Cross-border volume growth of 13.9%, gross dollar volume growth of 8.5%, and the net impact of pricing changes of approximately 6 percentage points, including the effect of cross-border rebates, contributed to the net revenue growth in the year-to-date period. These factors were partially offset by a net increase in rebates and incentives due to new and renewed customer agreements.

Total operating expenses decreased 4.5%, to $1.9 billion, for the nine-month period compared to the same period in 2009. Excluding currency fluctuations, total operating expenses decreased 4.3%.

Operating margin was 53.2% for the nine months ending September 30, 2010, up 6.0 percentage points over the year-ago period.

MasterCard Incorporated – Page 3

Total other expense was $8 million for the nine-month period versus $32 million for the same period in 2009. The decrease was primarily due to a decrease in interest accretion on litigation settlements.

MasterCard’s effective tax rate was 34.2% in the nine months ended September 30, 2010, versus a rate of 33.6% in the comparable period in 2009. The increase in the effective tax rate was primarily due to the impact of discrete adjustments in each of the nine-month periods ended September 30, 2009 and September 30, 2010, partially offset by benefits from repatriation of foreign earnings and a lower state tax rate.

Third-Quarter Financial Results Conference Call Details

At 9:00 a.m. ET today, the company will host a conference call to discuss its third-quarter financial results.

The dial-in information for this call is 800-561-2718 (within the U.S.) and 617-614-3525 (outside the U.S.) and the passcode is 39627109. A replay of the call will be available for one week thereafter. The replay can be accessed by dialing 888-286-8010 (within the U.S.) and 617-801-6888 (outside the U.S.) and using passcode 88723546.

The live call and the replay, along with supporting materials, can also be accessed through the Investor Relations section of the company’s website atwww.mastercard.com.

About MasterCard Incorporated

As a leading global payments company, MasterCard Incorporated prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 22 billion transactions each year and has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard^®, Maestro^®, and Cirrus^®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl™. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com.

MasterCard Incorporated – Page 4

Forward-Looking Statements

Statements in this press release which are not historical facts, including statements about MasterCard’s plans, strategies, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made. Accordingly, except for the company’s ongoing obligations under the U.S. federal securities laws, the company does not intend to update or otherwise revise the forward-looking information to reflect actual results of operations, changes in financial condition, changes in estimates, expectations or assumptions, changes in general economic or industry conditions or other circumstances arising and/or existing since the preparation of this press release or to reflect the occurrence of any unanticipated events. Such forward-looking statements include, without limitation, statements related to:

• consumers and businesses continuing to recognize the benefits of electronic payments; and

• our ability to continue to expand into new markets and payment channels.

Actual results may differ materially from such forward-looking statements for a number of reasons, including those set forth in the company’s filings with the Securities and Exchange Commission (SEC), including the company’s Annual Report on Form 10-K for the year ended December 31, 2009, the company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that have been filed with the SEC during 2010, as well as reasons including difficulties, delays or the inability of the company to achieve its strategic initiatives set forth above. Factors other than those listed above could also cause the company’s results to differ materially from expected results.

###

Contacts:

Investor Relations: Barbara Gasper, investor_relations@mastercard.com, 914-249-4565

Media Relations: Chris Monteiro, chris_monteiro@mastercard.com, 914-249-5826

MasterCard Incorporated – Page 5

MASTERCARD INCORPORATED

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2010			2009			2010			2009
	(In millions, except per share data)
Revenues, net	$	1,428		$	1,364		$	4,101		$	3,800
Operating Expenses
General and administrative		443			475			1,334			1,428
Advertising and marketing		182			174			477			470
Litigation settlements		1			6			1			7
Depreciation and amortization		36			36			106			103
Total operating expenses		662			691			1,918			2,008
Operating income		766			673			2,183			1,792
Other Income (Expense)
Investment income		11			11			34			42
Interest expense		(11	)		(24	)		(43	)		(92	)
Other income (expense), net		1			13			1			18
Total other income (expense)		1			—			(8	)		(32	)
Income before income taxes		767			673			2,175			1,760
Income tax expense		248			221			743			591
Net income		519			452			1,432			1,169
Income attributable to non-controlling interests		(1	)		—			(1	)		—
Net Income Attributable to MasterCard	$	518		$	452		$	1,431		$	1,169
Basic Earnings per Share	$	3.96		$	3.46		$	10.93		$	8.95
Basic Weighted Average Shares Outstanding		131			130			131			130
Diluted Earnings per Share	$	3.94		$	3.45		$	10.89		$	8.92
Diluted Weighted Average Shares Outstanding		131			130			131			130

MasterCard Incorporated – Page 6

MASTERCARD INCORPORATED

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

	September 30, 2010			December 31, 2009
	(In millions, except share data)
ASSETS
Cash and cash equivalents	$	2,479		$	2,055
Restricted cash		527			—
Investment securities available-for-sale, at fair value		836			824
Investment securities held-to-maturity		301			—
Accounts receivable		580			536
Settlement due from customers		400			459
Restricted security deposits held for customers		467			446
Prepaid expenses		305			313
Deferred income taxes		253			244
Other current assets		85			126
Total Current Assets		6,233			5,003
Property, plant and equipment, at cost, net of accumulated depreciation		433			449
Deferred income taxes		102			264
Goodwill		297			309
Other intangible assets, net of accumulated amortization of $467 and $422, respectively		412			415
Auction rate securities available-for-sale, at fair value		118			180
Investment securities held-to-maturity		36			338
Prepaid expenses		375			328
Other assets		160			184
Total Assets	$	8,166		$	7,470
LIABILITIES AND EQUITY
Accounts payable	$	243		$	290
Settlement due to customers		427			478
Restricted security deposits held for customers		467			446
Obligations under litigation settlements		440			607
Accrued expenses		1,122			1,225
Other current liabilities		133			121
Total Current Liabilities		2,832			3,167
Deferred income taxes		90			80
Obligations under litigation settlements		4			263
Long-term debt		1			22
Other liabilities		388			426
Total Liabilities		3,315			3,958
Commitments and Contingencies
Stockholders’ Equity
Class A common stock, $.0001 par value; authorized 3,000,000,000 shares, 129,116,036 and 116,534,029 shares issued and 122,375,446 and 109,793,439 outstanding, respectively		—			—
Class B common stock, $.0001 par value; authorized 1,200,000,000 shares, 8,499,290 and 19,977,657 issued and outstanding, respectively		—			—
Class M common stock, $.0001 par value; authorized 0 and 1,000,000 shares, 0 and 1,812 shares issued and outstanding, respectively		—			—
Additional paid-in-capital		3,431			3,412
Class A treasury stock, at cost, 6,740,590 shares, respectively		(1,250	)		(1,250	)
Retained earnings		2,520			1,148
Accumulated other comprehensive income (loss):
Cumulative foreign currency translation adjustments		144			212
Defined benefit pension and other postretirement plans, net of tax		(9	)		(15	)
Investment securities available-for-sale, net of tax		6			(3	)
Total accumulated other comprehensive income (loss)		141			194
Total Stockholders’ Equity		4,842			3,504
Non-controlling interests		9			8
Total Equity		4,851			3,512
Total Liabilities and Equity	$	8,166		$	7,470

MasterCard Incorporated – Page 7

MASTERCARD INCORPORATED

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Nine Months Ended September 30,
	2010			2009
	(In millions)
Operating Activities
Net income	$	1,432		$	1,169
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		106			103
Share based payments		49			69
Stock units withheld for taxes		(125	)		(28	)
Tax benefit for share based compensation		(85	)		(32	)
Impairment of assets		3			16
Accretion of imputed interest on litigation settlements		29			73
Deferred income taxes		158			204
Other		6			(13	)
Changes in operating assets and liabilities:
Accounts receivable		(53	)		162
Income taxes receivable		(16	)		190
Settlement due from customers		42			95
Prepaid expenses		(46	)		(58	)
Obligations under litigation settlements		(455	)		(784	)
Accounts payable		(45	)		21
Settlement due to customers		(29	)		(125	)
Accrued expenses		28			1
Net change in other assets and liabilities		28			31
Net cash provided by operating activities		1,027			1,094
Investing Activities
Increase in restricted cash		(527	)		—
Purchases of property, plant and equipment		(37	)		(37	)
Capitalized software		(68	)		(59	)
Purchases of investment securities available-for-sale		(118	)		(105	)
Proceeds from sales of investment securities, available-for-sale		94			71
Proceeds from maturities of available-for-sale securities		86			13
Investment in nonmarketable equity investments		(12	)		(16	)
Acquisition of business, net of cash acquired		—			(3	)
Other investing activities		(1	)		(4	)
Net cash used in investing activities		(583	)		(140	)
Financing Activities
Payment of debt		—			(149	)
Dividends paid		(59	)		(59	)
Tax benefit for share based compensation		85			32
Cash proceeds from exercise of stock options		10			6
Redemption of non-controlling interest		—			(5	)
Net cash provided by (used in) financing activities		36			(175	)
Effect of exchange rate changes on cash and cash equivalents		(56	)		32
Net increase in cash and cash equivalents		424			811
Cash and cash equivalents - beginning of period		2,055			1,505
Cash and cash equivalents - end of period	$	2,479		$	2,316

MasterCard Incorporated – Page 8

MASTERCARD INCORPORATED OPERATING PERFORMANCE

	For the 3 Months ended September 30, 2010
All MasterCard Credit,	GDV		Growth			Growth			Purchase Volume		Growth			Purchase Trans.		Cash Volume		Growth			Cash Trans.		Accounts		Cards		Acceptance Locations
Charge and Debit Programs	(Bil.)		(USD)			(Local)			(Bil.)		(Local)			(Mil.)		(Bil.)		(Local)			(Mil.)		(Mil.)		(Mil.)		(Mil.)
APMEA	$	157		23.6	%		17.5	%	$	104		15.7	%		1,239	$	53		21.2	%		388		265		289		9.1
Canada		27		10.1	%		4.3	%		24		5.2	%		279		3		-2.9	%		5		38		46		0.8
Europe		207		6.2	%		13.9	%		154		13.3	%		2,040		53		15.7	%		332		192		205		9.0
Latin America		55		19.8	%		17.4	%		32		22.6	%		566		23		11.0	%		161		103		126		3.7
Worldwide less United States		445		13.7	%		14.9	%		313		14.3	%		4,124		132		16.4	%		887		598		665		22.5
United States		240		-1.7	%		-1.7	%		201		-0.7	%		3,551		39		-6.7	%		252		259		290		8.4
Worldwide		685		7.8	%		8.5	%		514		7.9	%		7,675		171		10.2	%		1,139		857		955		30.9
MasterCard Credit and Charge Programs
Worldwide less United States		317		8.6	%		9.6	%		267		11.8	%		3,281		50		-0.7	%		235		446		504
United States		132		-0.7	%		-0.7	%		122		0.8	%		1,502		10		-16.4	%		8		143		171
Worldwide		449		5.7	%		6.4	%		390		8.1	%		4,783		59		-3.6	%		243		589		675
MasterCard Debit Programs
Worldwide less United States		128		28.6	%		30.5	%		46		31.7	%		843		82		29.9	%		652		152		162
United States		108		-3.0	%		-3.0	%		79		-3.0	%		2,049		30		-3.0	%		244		116		119
Worldwide		237		11.9	%		12.7	%		125		7.5	%		2,892		112		19.1	%		897		268		280
	For the 9 Months ended September 30, 2010
									Purchase					Purchase		Cash					Cash
All MasterCard Credit,	GDV		Growth			Growth			Volume		Growth			Trans.		Volume		Growth			Trans.		Accounts		Cards
Charge and Debit Programs	(Bil.)		(USD)			(Local)			(Bil.)		(Local)			(Mil.)		(Bil.)		(Local)			(Mil.)		(Mil.)		(Mil.)
APMEA	$	439		28.1	%		18.7	%	$	291		16.2	%		3,515	$	149		23.9	%		1,086		265		289
Canada		77		16.1	%		3.2	%		69		4.8	%		787		9		-8.1	%		15		38		46
Europe		583		11.7	%		13.2	%		435		13.2	%		5,736		147		13.2	%		931		192		205
Latin America		155		23.7	%		16.5	%		87		21.5	%		1,583		67		10.6	%		471		103		126
Worldwide less United States		1,254		18.7	%		14.8	%		882		14.3	%		11,621		372		16.1	%		2,503		598		665
United States		719		-1.1	%		-1.1	%		598		0.3	%		10,542		121		-7.4	%		766		259		290
Worldwide		1,974		10.6	%		8.5	%		1,480		8.2	%		22,163		494		9.3	%		3,269		857		955
MasterCard Credit and Charge Programs
Worldwide less United States		902		13.5	%		9.5	%		758		11.9	%		9,357		144		-1.8	%		688		446		504
United States		380		-3.3	%		-3.3	%		353		-0.3	%		4,310		27		-30.5	%		22		143		171
Worldwide		1,282		7.9	%		5.3	%		1,111		7.7	%		13,666		172		-7.8	%		710		589		675
MasterCard Debit Programs
Worldwide less United States		352		34.5	%		31.2	%		124		31.2	%		2,265		228		31.2	%		1,816		152		162
United States		339		1.6	%		1.6	%		245		1.2	%		6,232		94		2.4	%		743		116		119
Worldwide		691		16.0	%		14.8	%		369		9.7	%		8,497		322		21.2	%		2,559		268		280
	For the 3 Months ended September 30, 2009
									Purchase					Purchase		Cash					Cash
All MasterCard Credit,	GDV		Growth			Growth			Volume		Growth			Trans.		Volume		Growth			Trans.		Accounts		Cards
Charge and Debit Programs	(Bil.)		(USD)			(Local)			(Bil.)		(Local)			(Mil.)		(Bil.)		(Local)			(Mil.)		(Mil.)		(Mil.)
APMEA	$	127		15.5	%		18.3	%	$	86		16.2	%		1,079	$	41		22.7	%		303		241		262
Canada		24		-10.2	%		-5.2	%		22		-2.7	%		263		3		-20.4	%		5		37		45
Europe		195		-7.7	%		2.4	%		145		3.3	%		1,785		50		0.1	%		292		182		196
Latin America		46		-7.2	%		10.0	%		26		12.9	%		469		20		6.5	%		150		97		119
Worldwide less United States		392		-1.4	%		7.4	%		278		7.3	%		3,596		114		7.8	%		750		557		622
United States		244		-8.8	%		-8.8	%		202		-7.4	%		3,616		42		-14.7	%		264		284		324
Worldwide		636		-4.4	%		0.6	%		480		0.5	%		7,212		156		0.6	%		1,013		841		946
MasterCard Credit and Charge Programs
Worldwide less United States		292		-6.0	%		1.9	%		241		4.9	%		2,964		51		-10.0	%		234		440		497
United States		133		-17.9	%		-17.9	%		121		-13.8	%		1,509		11		-45.4	%		9		168		199
Worldwide		425		-10.1	%		-5.2	%		362		-2.2	%		4,472		62		-19.6	%		243		608		696
MasterCard Debit Programs
Worldwide less United States		100		15.1	%		27.5	%		37		26.1	%		632		63		28.3	%		516		117		125
United States		112		5.2	%		5.2	%		81		4.2	%		2,108		31		8.0	%		255		116		125
Worldwide		212		9.6	%		14.7	%		118		10.2	%		2,740		94		20.9	%		770		233		250
	For the 9 Months ended September 30, 2009
									Purchase					Purchase		Cash					Cash
All MasterCard Credit,	GDV		Growth			Growth			Volume		Growth			Trans.		Volume		Growth			Trans.		Accounts		Cards
Charge and Debit Programs	(Bil.)		(USD)			(Local)			(Bil.)		(Local)			(Mil.)		(Bil.)		(Local)			(Mil.)		(Mil.)		(Mil.)
APMEA	$	343		8.3	%		17.0	%	$	231		15.8	%		3,017	$	112		19.6	%		830		241		262
Canada		67		-15.2	%		-3.1	%		58		-1.1	%		742		8		-14.8	%		15		37		45
Europe		522		-12.7	%		3.0	%		390		3.7	%		5,029		132		0.9	%		830		182		196
Latin America		125		-11.8	%		8.3	%		68		11.9	%		1,374		57		4.2	%		444		97		119
Worldwide less United States		1,056		-6.9	%		7.4	%		747		7.5	%		10,162		310		7.0	%		2,120		557		622
United States		727		-8.8	%		-8.8	%		596		-7.7	%		10,575		131		-13.6	%		782		284		324
Worldwide		1,784		-7.7	%		0.1	%		1,343		0.2	%		20,737		441		0.0	%		2,902		841		946
MasterCard Credit and Charge Programs
Worldwide less United States		795		-10.9	%		2.7	%		652		5.6	%		8,459		143		-8.8	%		691		440		497
United States		393		-18.0	%		-18.0	%		354		-14.5	%		4,395		39		-40.1	%		29		168		199
Worldwide		1,188		-13.4	%		-5.2	%		1,006		-2.5	%		12,854		182		-18.0	%		720		608		696
MasterCard Debit Programs
Worldwide less United States		262		7.8	%		24.8	%		95		23.0	%		1,703		167		25.8	%		1,429		117		125
United States		334		5.0	%		5.0	%		242		4.4	%		6,180		92		6.6	%		753		116		125
Worldwide		596		6.2	%		12.8	%		337		9.0	%		7,883		259		18.2	%		2,182		233		250

APMEA = Asia Pacific / Middle East / Africa

Note that columns in the tables above may not add due to rounding; growth represents change from the comparable year-ago period.

MasterCard Incorporated – Page 9

Footnote

The tables set forth the gross dollar volume (“GDV”), purchase volume, cash volume and the number of purchase transactions, cash transactions, accounts, cards and acceptance locations on a regional and global basis for MasterCard^®-branded and MasterCard Electronic™-branded cards. Growth rates over prior periods are provided for volume-based data.

Debit transactions on Maestro^® and Cirrus^®-branded cards, Mondex^® transactions and transactions involving brands other than MasterCard are not included in the preceding tables.

For purposes of the table: GDV represents purchase volume plus cash volume and includes the impact of balance transfers and convenience checks; “purchase volume” means the aggregate dollar amount of purchases made with MasterCard-branded cards for the relevant period; and “cash volume” means the aggregate dollar amount of cash disbursements obtained with MasterCard-branded cards for the relevant period. The number of cards includes virtual cards, which are MasterCard-branded payment accounts in connection with which functional cards are not generally issued. Acceptance locations include merchant locations, ATMs and other locations where cash may be obtained.

The MasterCard payment product is comprised of credit, charge and debit programs, and data relating to each type of program is included in the tables. Debit programs include MasterCard-branded debit programs where the primary means of cardholder validation at the point of sale is for cardholders either to sign a sales receipt or enter a PIN. The tables include information with respect to transactions involving MasterCard-branded cards that are not processed by MasterCard and transactions for which MasterCard does not earn significant revenues.

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. These exchange rates are calculated on a quarterly basis using the average exchange rate for each quarter. MasterCard reports period-over-period rates of change in purchase volume and cash volume on the basis of local currency information, in order to eliminate the impact of changes in the value of foreign currencies against the U.S. dollar in calculating such rates of change.

The data set forth in the GDV, purchase volume, purchase transactions, cash volume and cash transactions columns is provided by MasterCard customers and is subject to verification by MasterCard and partial cross-checking against information provided by MasterCard’s transaction processing systems. The data set forth in the accounts and cards columns is provided by MasterCard customers and is subject to certain limited verification by MasterCard. A portion of the data set forth in the accounts and cards columns reflects the impact of routine portfolio changes among customers and other practices that may lead to over counting of the underlying data in certain circumstances. In order to provide a true indication of how broadly our cards can be used, MasterCard seeks to provide the most accurate acceptance figures possible and to maintain that MasterCard acceptance is unsurpassed worldwide by periodically validating our results with third parties. The data set forth in the acceptance locations column is derived through a proprietary methodology designed to minimize the impact of multiple acquiring in certain markets. This data is based on information provided by our customers and other third parties and is subject to certain limited verification by MasterCard and partial cross-checking against information provided by MasterCard’s transaction processing systems. All data is subject to revision and amendment by MasterCard’s customers subsequent to the date of its release.

Performance information for prior periods can be found in the “Investor Relations” section of MasterCard’s website at www.mastercard.com.

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