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Folks, the costs are not leaving during this difficult period, both financially and many consumers are on plastic for the needs of your spending. The processor of credit card could not be happier.

Shares of MasterCard (NYSE: MON - news - people) jumped 14.2%, or 20.48 U.S. dollars, to $ 164.37 in early afternoon trading on Tuesday. The company reported better-than-expected earnings after the bell on Monday night.

MasterCard confirmed its expectations for the full year 2008, but now expects growth to slow slightly in 2009 from 12.0% to 15/05% growth level that was originally planned. Although credit card companies are tightening credit trends, because they do not lend to consumers, the operations are expected to decline as consumers cut spending.

“While operating, the volume of the acquisition and organic growth of revenue are all ready to slow measurably over the coming quarters, analysts argue that the models and investors’ expectations of this reality,” wrote SunTrust Robinson Humphrey analyst Andrew Jeffrey in a recent note to clients. “Moreover, the earnings per share growth should remain well ahead of the sale of organic growth through aggressive cost control and operational leverage.”

Visa said this week that credit card transactions growth slowed in September and struggled in the first week of October when the full weight of the economic crisis. But the credit card processor said that the continued use debit cards to grow at high rates.

“In a time of unprecedented economic challenges, consumers, businesses and governments around the world have continued to migrate to various forms of electronic payments,” said chief executive Robert W. Seland, acting. “What we are not immune to the long-term effects of the current economic situation, we have clearly accelerated the focus on our cost structure, while we remain cautious with the allocation of funds for investments that allow us to grow in the world “.

MasterCard lost 193.6 million U.S. dollars or 1.49 dollars per share, compared with a profit of 314.5 million U.S. dollars or 2.31 dollars per share for the period of the previous year. The loss is due to an after-tax charge of 515.5 million U.S. dollars, taking into account the recent agreement with Discover Financial Services (NYSE: DFSWI - news - people). (See “It seems that the Discover Card”). MasterCard and Visa (NYSE: T - news - people), the world’s two largest credit card company, an agreement for U.S. $ 2.75 billion to an antitrust lawsuit against him, you discover that in 2004. MasterCard’s overall share in the solution amounts to 827.5 million U.S. dollars.

Excluding the charges, MasterCard earned 322 million U.S. dollars or 2.47 dollars per share, easily beat analysts’ expectations of 2.25 dollars per share, according to Thomson Financial. Analysts generally not a time of the charges in their estimates. Revenues in the quarter was $ 1.3 billion, an increase from 24.0% to an increase in transactions.

Now the world rose by 13.3%, to $ 497.0 billion, mainly due to higher costs for owners. By the end of September, the financial position of the institution customers had issued 970.0 one million MasterCard cards, an increase of 10.3%.

MasterCard in its Securities and Exchange Commission statement that he, along with Visa, has been examined by the Ministry of Justice into allegations of cartels. The credit card companies have no debt, despite the heavy pressure settlements have now agreed to pay the Discover and American Express