TJX completes settlement with MasterCard

FRAMINGHAM, Mass. The TJX Companies has announced that it completed its previously announced settlement with MasterCard International and its issuers. Financial institutions representing 99.5% of eligible MasterCard accounts worldwide claimed to have been affected by the unauthorized computer intrusion(s) at TJX accepted the alternative recovery offer under TJX’s previously announced settlement agreement with MasterCard.

Carol Meyrowitz, president and ceo of The TJX Companies, commented, “We believe consumers ultimately benefit from merchants and payment card companies working more closely together. This collaboration has allowed TJX and MasterCard to resolve this matter effectively and cooperatively.”