MasterCard informed Target that a 90% threshold to complete the deal was not reached by the May 20, 2015 deadline.
Target agreed to pay banks USD 19 million for costs they incurred in a 2013 data breach. The company has estimated that hackers stole credit and debit-card data, as well as personal information, for as many as 110 million customers during the 2013 holiday shopping season.
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