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TJX Gets 99.5 Percent Signoff With MasterCard Banks

Written by Evan Schuman
May 14th, 2008

When TJX announced a MasterCard agreement last month to pay $24 million for data breach costs stemming from the industry’s worst payment card data breach, it was contingent on at least 90 percent of the banks agreeing.

No surprise, but TJX made that acceptance rate with room to spare, coming in at 99.5 percent, the retailer announced May 14.

Posted in E-Commerce, IT Strategy/Industry, Mobile/Wireless/Contactless, Payment Systems, Security/Fraud
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