Plus (interbank network)
In this article, we will explore Plus (interbank network) from different perspectives, analyzing its importance in today's society and its relevance in various areas. From its impact on popular culture to its influence on politics, Plus (interbank network) has played a determining role in the way we perceive the world around us. Through in-depth analysis, we will examine how Plus (interbank network) has evolved over time and how it continues to shape the way we think and act. Additionally, we will examine the way Plus (interbank network) has been addressed by different academic and professional disciplines, highlighting its potential to generate significant changes in society. Throughout this article, we will reflect on the impact of Plus (interbank network) on our daily lives and explore its meaning in the current context.
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| Operating area | Worldwide (except Russia) |
|---|---|
| Members | Over 100,000,000 |
| ATMs | 1.8 million in over 200 countries and territories around the world |
| Founded | April 1, 1982 |
| Owner | Visa Inc. |
Visa Plus is a worldwide interbank network that provides cash to Visa cardholders. 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. 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
- ^ "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
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