MasterCard: Most card-issuing banks agree to Heartland Payment breach settlement Washington Examiner: 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.
'This is an important outcome for our partnering financial institutions and we are very pleased to announce that there has been overwhelming acceptance of the alternative recovery offers by our eligible issuing customers,' said Wendy Murdock, chief franchise officer for MasterCard Worldwide
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