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    Visa Quarterly Profit Rises 11 Percent On Card Growth

    Wochit Headline News

    by Wochit Headline News

    Visa Inc, the world's largest credit and debit card company, reported an 11 percent rise in quarterly profit as more people around the world used plastic instead of cash to make purchases. Net income rose to $1.36 billion, or $2.17 per Class A share, in the third quarter ended June 30 from $1.23 billion, or $1.88 per Class A share, a year earlier.