Target nears $20 million MasterCard data breach settlement -WSJ

April 14, 2015 11:22 PM

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April 14 (Reuters) - Target Corp is nearing a settlement with MasterCard Inc to reimburse financial institutions about $20 million for costs incurred from the retailer's massive data breach in 2013, the Wall Street Journal reported.

The deal, which comes after months of negotiations, could be announced as soon as this week, according to the Journal, citing people familiar with the terms of negotiations.

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