Target agreed to pay issuers an amount over and above what they may already have coming from Visa for costs related to the retailer's huge 2013 data breach. However, some close to the deal aren't calling that a win.
The offer essentially supplemented Visa's Global Compromise Account Recovery program, or GCAR, which partially reimburses issuers for fraud and incremental operating expenses associated with breaches.
However, the program didn't cover compromised accounts that had debit transactions routed over non-Visa networks such as STAR, PULSE or NYCE.
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