The card network touted value-added services such as technology and security as its fourth-quarter performance came in ahead of Wall Street analysts' expectations.

Mastercard (MA) hailed its push to diversify beyond its traditional payments network as it reported quarterly earnings that beat expectations,

Mastercard Inc. reported earnings that exceeded estimates as the firm diversifies beyond its traditional payment network into areas such as anti-fraud services and global money movement.

Mastercard Inc (NYSE:MA)shares were up roughly 2% at $560 before the opening bell after company reported a better-than-expected quarterly profit, as robust consumer spending helped drive higher transaction volumes.