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The Associated Press
New York

Target settles data breach lawsuit with MasterCard for $19M

Target shopper
A customer signed a credit card statement next to a scanner in a Target store on Dec. 19, 2013, in Miami. Target and MasterCard have agreed to settle lawsuits over the retailer's December 2013 data breach.
Joe Raedle | Getty Images 2013

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Target and MasterCard say they've agreed to settle lawsuits over Target's December 2013 data breach.

Target says it has set aside up to $19 million for MasterCard issuers who were caught in the data breach.

MasterCard Inc. says the money will be available to banks and credit unions for operating costs and fraud-related losses on cards believed to have been affected. The settlement will go into effect if at least 90 percent of eligible accounts accept the offer by May 20.

Target said about 40 million credit and debit card accounts were affected by a data breach, including Target store brand cards and major brands like Visa and MasterCard.