The money will compensate financial institutions that had to cancel credit-card accounts and issue replacement cards with new account numbers following the 2013 data breach at the retail giant.
MasterCard customers can enjoy free Internet on trips to the UK without paying out a single pound, shilling or ha'penny.
Using geolocation data, the credit card company proposes a plan that will only allow card transactions when a users' smartphone is within close proximity.
Its Wallet app failed to take off, but Google is trying again with a new system.
Mobile payments is a crowded industry, but is one card for storing all your credit cards more practical than we think?
Technically Incorrect: Adult FriendFinder, a site where people seek casual, discreet relationships, suffers a breach, exposing the details of almost 4 million of its members.
Silicon Valley is pouring more money into Internet security companies than ever before.
The agreement means that Apple's mobile payments system will work with all four major credit cards in the US.
Retailer's customers can use the mobile-payments system to complete transactions on its app, with in-store capability coming later this year.
The government is increasingly turning its attention to hacking and cybersecurity issues. Now it's opening a new office in hopes of working with the talent that powers Silicon Valley's biggest tech firms.