US retailer Target has agreed to a $39.4m settlement with MasterCard and other financial organisations in connection to the retailer’s 2013 data breach.
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The breach, which occurred during the holiday shopping season, compromised at least 40 million credit and debit cards.
Under the settlement, Target will have to pay $20.25m to banks and credit unions, and $19.11m as reimbursement to MasterCard issuers.
The retailer reached a similar settlement with MasterCard in April, but the deal was scrapped in May as it failed to receive support from card issuers.
Earlier this year, the retailer also reached a $67m settlement with Visa over the data breach.
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