MasterCard, the world's second-largest credit and debit card network, reported a higher fourth-quarter profit as more people choose card payments over cash.
For the quarter ended Dec. 31, net income rose to $605 million, or $4.86 per share, from $19 million, or 15 cents per share, a year earlier.
The company took a $495 million litigation charge in the year-ago quarter.
Revenue rose 10 percent to $1.9 billion.
Cardholders made $727 billion of purchases worldwide, on a local currency basis, up 13 percent.
Analysts had expected the company to report earnings excluding items of $4.81 a share on $1.89 billion in revenue, according to a consensus estimate from Thomson Reuters.
MasterCard shares moved higher in pre-market trading following the announcement. (Click here to track the market reaction to MasterCard earnings report.)