Home » Pay Gov » Target Reaches $39.4 Million Breach Settlement with Banks, MasterCard (Dec. 2, 2015)
Print view|Purchase Reprint

Target Reaches $39.4 Million Breach Settlement with Banks, MasterCard (Dec. 2, 2015)

target_storeTarget is moving another step forward in its attempts to put its 2013 data breach behind it. The retailer filed settlement documents in Minnesota District Court today, agreeing to pay $39.4 million to banks affected by the breach, which compromised 40 million credit cards and personal information of up to 110 million people.

The settlement includes $20 million that will go directly to settlement class members and a $19 million payment to fund MasterCard’s Account Data Compromise program activities related to the breach, according to the filing.

Plaintiffs in the case included Umpqua Bank (Roseburg, Oregon), Mutual Bank (Whitman, Mass.) Village Bank (St. Francis, Minn.), CSE Federal Credit Union (Lake Charles, La.) and First Federal Savings of Lorain (Ohio). The settlement now awaits court approval.

In August, Target finalized a $67 million settlement with Visa and its issuers related to the breach.

Related articles:


Your email address will not be published. Required fields are marked *

By clicking below, I acknowledge that my contact information will be shared with the companies whose files I am accessing on Pay Connect so they can contact me directly about their products or services. Please refer to their privacy policies for details on how your information will be used. Paybefore uses cookies to store this data so you will not need to re-enter it.

To sign up for Paybefore e-newsletters and announcements, click here.  http://paybefore.com/enewsletter-subscriptions/

  • This field is for validation purposes and should be left unchanged.