Visa, Inc. announced on August 18th that it has reached a settlement with Target for $67 million to reimburse Visa for costs associated with the Target data breach in late 2013, including issuing millions of new cards to affected consumers.
Target was unable to reach a similar proposed settlement with MasterCard (view related posts Proposed Settlement and Settlement Rejected) several months ago as MasterCard did not receive enough support from banks and credit unions.
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