A group of banks filed a class action lawsuit against Target in hopes of recouping breach-related expenses. The court will decide the “fairness” of this settlement when it issues a final ruling on May 10, 2016. Banks argue that the “pennies on the dollar” they receive from the card networks in the wake of a breach don’t come anywhere close to covering overall costs associated with reissuing cards and refunding customers for fraudulent account activity that hits after cards are compromised. No one knows how much of those interchange fees is being put toward reimbursements for card networks.”]
Source: https://www.cuinfosecurity.com/blogs/the-target-breach-settlement-fair-p-1995