Cybersecurity
Target, MasterCard Data Breach Deal Fails to Win Bank Support
A customer pushes a shopping cart while exiting a Target Corp. store in Seattle, on May 14, 2015.
Photographer: David Ryder/BloombergThis article is for subscribers only.
An agreement reached last month between MasterCard Inc. and Target Inc. failed to garner sufficient support from banks.
MasterCard informed Target that a 90 percent threshold to complete the deal wasn’t reached by the May 20 deadline, the Minneapolis-based retailer said Friday in an e-mailed statement.