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TJX Settles With Almost All Of The Banks

Written by Evan Schuman
December 19th, 2007

Almost all of the banks and bank associations still suing TJX agreed to settle for undisclosed sums on Wednesday, in an anticipated move following the collapse of bank’s the federal class-action lawsuit against TJX. This all stems from the worst-ever data breach in credit card history, impacting more than 100 million credit/debit cards.

TJX CEO Carol Meyrowitz issued a statement that TJX has finally achieved PCI compliance. Read more.

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