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In this Dec. 19, 2013, file photo, shoppers arrive at a Target store in Los Angeles. (AP Photo/Damian Dovarganes, File)

(Bloomberg) — Target Corp. agreed to pay more than $39 million to banks and credit unions for losses from a 2013 holiday-season data breach that led to the exposure of as many as 40 million payment cards.

The financial institutions sued the Minneapolis-based retailer to recover an estimated $200 million in costs stemming from the hack. Expenses included issuing replacement cards. 

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