TJX offers settlement to banks

TJX offers settlement to banks
Tags: Bank / Credit Union, Debit / Credit, EFT Networks, North America, Other, Security, Transaction Processing
December 2, 2007

Storefront Backtalk: A judge's decision passed down late Friday sets bank plaintiffs in the TJX case to fend for themselves. According to a statement issued by Visa, TJX has agreed to spend an unspecified amount of money to pay an unspecified number of bank plaintiffs, if those banks agree to not sue. The agreement did not say how much TJX would set aside, but did say that it wouldn't be more than $40.9 million.