Target agrees to pay $19 million to MasterCard issuers over data breach

Target agrees to pay $19 million to MasterCard issuers over data breach

More than a year after Target Corp.’s massive data breach, the retailer announced a settlement agreement with MasterCard to compensate card issuers for operational costs and fraud-related losses.

Target has agreed to pay up to $19 million to banks and credit unions that issue MasterCard-branded cards that were impacted by the 2013 data breach. 

“We believe this settlement provides our issuers a reasonable resolu

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