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MasterCard Settlement Not Accepted

Posted on 5/22/2015

MasterCard yesterday said that not enough MasterCard-issuing banks accepted the proposed $19 million settlement with Target by the May 20 deadline. The settlement was seeking participation from issuers representing at least 90 percent of eligible MasterCard accounts accepting offers through the settlement. "We will continue to work to resolve this matter," MasterCard said in an email to its issuers.

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