Target Corp. has reached a proposed $39.4 million settlement with a group of banking institutions. The settlement will apply to all U.S. banks and credit unions that issued debit and credit cards affected by Target’s breach. MasterCard reached a second settlement with Target in August for $19 million, although the details were never made public. Minnesota, where Target is based, has a unique statute that requires breached merchants to reimburse card-issuing institutions for expenses and losses they suffered as a result of the breach.”]
Source: https://www.cuinfosecurity.com/target-reaches-settlement-banks-a-8719