Visa Plus is a worldwide interbank network that provides cash to Visa cardholders.[1] As a subsidiary of Visa Inc., it connects all Visa credit, debit and prepaid cards, as well as ATM cards issued by various banks worldwide bearing the Visa / Electron logo.
Plus System, Inc. started out as a consortium formed by 34 major U.S. banks to build a national network of automated teller machines (ATM). It initially was composed of 2,000 ATMs linking 1,000 banks and their customers in 47 states.[2] As the booming ATM industry outgrew regional networks and began to go nationwide in the mid-1980s, credit-card giant Visa sought entry in the lucrative ATM network business and acquired a third of Plus System in 1987. Currently, there are over one million Plus-linked ATMs in 170 countries worldwide.[citation needed]
By default, Visa / Electron cards are linked to the Plus network, but very often all three logotypes will be shown.
Plus is widely used as a local interbank network most common in the United States where networks such as STAR, NYCE and Pulse also compete. It is also used in Canada, though it is significantly smaller than Interac there, and in India and Indonesia where there are numerous competing interbank networks. The main competitor of Plus System is the Cirrus network, which is owned by Mastercard, Visa's longtime rival.
Referencesedit
^"Company Overview of Plus System, Inc". Bloomberg L.P. January 27, 2018. Retrieved January 28, 2018.
^Bartolik, Peter (August 1, 1983). "Consortium Launches National Net Of ATMs". Computerworld: 12.
External linksedit
Visa ATM locator
The Premier ATM Network: 1982-1992
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plus, interbank, network, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, plus, interbank, network, news, newspapers. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Plus interbank network news newspapers books scholar JSTOR August 2013 Learn how and when to remove this template message Visa Plus is a worldwide interbank network that provides cash to Visa cardholders 1 As a subsidiary of Visa Inc it connects all Visa credit debit and prepaid cards as well as ATM cards issued by various banks worldwide bearing the Visa Electron logo Visa PlusOperating areaWorldwide except Russia MembersOver 100 000 000ATMs1 8 million in over 200 countries and territories around the worldFoundedApril 1 1982 42 years ago 1982 04 01 OwnerVisa Inc Plus System Inc started out as a consortium formed by 34 major U S banks to build a national network of automated teller machines ATM It initially was composed of 2 000 ATMs linking 1 000 banks and their customers in 47 states 2 As the booming ATM industry outgrew regional networks and began to go nationwide in the mid 1980s credit card giant Visa sought entry in the lucrative ATM network business and acquired a third of Plus System in 1987 Currently there are over one million Plus linked ATMs in 170 countries worldwide citation needed By default Visa Electron cards are linked to the Plus network but very often all three logotypes will be shown Plus is widely used as a local interbank network most common in the United States where networks such as STAR NYCE and Pulse also compete It is also used in Canada though it is significantly smaller than Interac there and in India and Indonesia where there are numerous competing interbank networks The main competitor of Plus System is the Cirrus network which is owned by Mastercard Visa s longtime rival References edit Company Overview of Plus System Inc Bloomberg L P January 27 2018 Retrieved January 28 2018 Bartolik Peter August 1 1983 Consortium Launches National Net Of ATMs Computerworld 12 External links editVisa ATM locator The Premier ATM Network 1982 1992 nbsp This finance related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Plus interbank network amp oldid 1204649961, wikipedia, wiki, book, books, library,
