MasterCard: Most banks agree to breach settlement

The Associated Press reports:

MasterCard Inc. said Thursday nearly all of the banks with claims related to a 2008 data security breach have agreed to accept a settlement.

The settlement, agreed to by MasterCard and credit card payment processor Heartland Payment Systems Inc., required at least 80 percent acceptance by MasterCard issuing banks. MasterCard said more than 99 percent agreed.


As part of the settlement, Heartland Payment Systems will pay MasterCard issuers $41.4 million to settle claims over the breach.

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