Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO — Eager to put the largest retail card security breach in history behind itself and the industry, TJX Companies has put forward a plan that will allow credit unions and other card issuers to receive compensation more quickly for damages they’ve suffered.

Under the terms of the deal, the retailer–the parent corporation for TJ Maxx, Marshalls and other retail chains in the U.S., Canada and the United Kingdom, along with its acquiring bank–will put up to $40.9 million to fund the payments for the breach, more details of which have only recently come to light (see story on page 26).

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.