MasterCard last week announced a $41.4 million settlement from Heartland. The amount of MasterCard’s offer in relation to that of Visa’s ($60 million) roughly lines up with the relative market share of the two companies. The relatively low settlement cost leads Avivah Litan to believe that there weren’t all that many instances of account closures or card reissuance. “I doubt MasterCard (or any) issuing banks would settle for pennies on the dollar,” she says.”]
Source: https://www.fraudtoday.io/mastercard-heartland-settlement-fair-a-2562