Visa says it has reached an agreement with Target to reimburse card issuers up to as much as $67 million for costs related to the retailer’s 2013 data breach, Reuters reports. The agreement is more than three times the amount of a prior settlement proposed with MasterCard that did not gain enough support from the financial institutions involved, the report states. In April, the financial institutions challenged the proposed $19 million data breach settlement with MasterCard, filing a motion to void it. Settlement negotiations with Visa were ongoing at that time. “Visa has worked to help Target reach a resolution for the expenses incurred by financial institutions as a result of the 2013 compromise,” a Visa spokesperson said, adding, “This agreement attempts to put this event behind us.”  
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