Dive Brief:

• Target has reached an agreement with MasterCard to pay up to $19 million to MasterCard issuers around the world, dealing with one of the consequences of its massive 2013 breach.

• The funds compensates card issuers for the costs of dealing with hacked accounts, including cancelations, reissues, and communications with customers. Target is reportedly working out a similar deal with Visa.

• UPDATE: A group of small banks and credit unions also suing the retailer over its 2013 data breach called the agreement a “sweetheart deal” that undermines their own case and Tuesday asked a federal court to throw it out.

Dive Insight:

There was a time when it was difficult to imagine how Target would dig out of the huge mess brought on by its 2013 holiday-time breach, but time, lawyers, and negotiations are indeed helping it wrap things up.

The retailer had no comment on this deal. Meanwhile, it has announced a series of tech ventures and a Manhattan pop-up for its much-anticipated Lily Pulitzer line. In other words, it’s moving on. 

UPDATE: Or trying to. Smaller banks and credit unions are wary enough of this deal with MasterCard to try to upend it in court. Stay tuned.