(Bloomberg) — Target Corp. agreed to pay banks $19 million forcosts they incurred in the 2013 data breach thatexposed the payment-card and personal information of tens ofmillions of customers.

The estimated cost of the settlement is already reflectedin breach-related liabilities the retailerestablished in its past two fiscal years, Minneapolis-based Targetsaid Wednesday in a statement.

MasterCard Inc. would distribute Target's funds to the banksthat issue the network's credit cards, and the money will helpcover the cost of reissuing bank cards and any fraud that resultedfrom the breach. The settlement is conditioned on at least90% of eligible MasterCard accounts accepting their recovery offersby May 20.

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