Updated to add video link, latest share prices.SAN FRANCISCO ( TheStreet) -- The recent upswing in consumer spending bodes well for upcoming quarterly reports from electronic payment networks Visa ( V) and MasterCard ( MA). Visa is slated to release its fiscal third-quarter numbers after Wednesday's closing bell, while its smaller rival, MasterCard will disclose its latest results on August 3. On average, analysts expect Visa to post a profit of 93 cents a share for the June period, nearly 40% higher than the comparable year-ago quarter. Revenue is expected to rise 20% to $1.97 billion, according to Thomson Reuters. MasterCard's growth is anticipated to be more modest. Wall Street's consensus view is for earnings to rise 25% to $3.33 a share for the quarter. Revenue is projected to increase 8% from a year ago to $1.38 billion, Thomson Reuters says. Purchase volumes at both card payment networks are expected to rise, particularly in credit cards (as opposed to debit purchases), despite unemployment remaining at record levels. During the height of the housing downturn, consumers pulled back on discretionary spending, limiting travel and purchases of electronics and other retail items. "Benefiting from solid retail sales, international travel trends and still easy comparisons, we anticipate accelerating transaction, purchase volume, and cross border volume growth (also for MasterCard) for Visa during the June quarter," Glenn Greene, an analyst at Oppenheimer, wrote in a recent note to clients. American Express ( AXP) said last week that billed business during the June-ending quarter was back to "pre-recession levels." The charge card and payment services company reported better-than-expected quarterly earnings of $1 billion, or 84 cents a share. American Express is known for its charge card product in which users (typically wealthier individuals and businesses) pay their balances in full each month. American Express also has a revolving credit card product, however, and lending to borrowers who missed payments took a bite out of earnings during the crisis, and the company has pulled back on the offering since then. American Express does not offer a debit card option.