Editing Plus (interbank network)

{{Short description|Worldwide interbank network}}
{{More citations needed|date=August 2013}}
{{Infobox interbank network
| name         = Visa Plus
| logo         = PLUS Logo.svg
| area         = Worldwide (except [[Russia]])
| foundation   = {{Start date and age|1982|4|1}}
| members      = Over 100,000,000
| atm          = 1.8 million in over 200 countries and territories around the world
| owner        = [[Visa Inc.]]
}}

'''Visa Plus''' is a worldwide [[interbank network]] that provides cash to [[Visa Inc.|Visa]] cardholders.<ref>{{cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=13653375 |title=Company Overview of Plus System, Inc. |publisher=[[Bloomberg L.P.]] |date=January 27, 2018 |access-date=January 28, 2018}}</ref> As a subsidiary of Visa Inc., it connects all Visa [[Credit card|credit]], [[Debit card|debit]] and [[prepaid debit card|prepaid cards]], as well as [[Automated teller machine|ATM]] cards issued by various banks worldwide bearing the Visa / [[Visa Electron|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 machine]]s (ATM). It initially was composed of 2,000 ATMs linking 1,000 banks and their customers in 47 states.<ref>{{cite journal|journal=Computerworld|date=August 1, 1983|page=12|last=Bartolik|first=Peter|title=Consortium Launches National Net Of ATMs}}</ref>
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|date=January 2018|reason=Original citation given is dead and was probably an ATM locator without any numbers of total numbers of Plus-linked ATMs world wide}}

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 (interbank network)|STAR]], [[NYCE]] and [[Pulse (interbank network)|Pulse]] also compete. It is also used in [[Canada]] where it is usually combined with [[Interac]], and in [[India]] and [[Indonesia]] where there are numerous competing interbank networks. The main competitor of Plus System is the [[Cirrus (interbank network)|Cirrus]] network, which is owned by [[Mastercard]], Visa's longtime rival.

== References ==
{{Reflist}}

== External links ==
* [https://www.visa.com/locator/atm#(page:home) Visa ATM locator]
* [https://www.questia.com/library/1G1-11810011/the-premier-atm-network-1982-1992 The Premier ATM Network: 1982-1992]

{{Interbank networks}}

[[Category:Financial services companies established in 1982]]
[[Category:Interbank networks]]
[[Category:Visa Inc.]]


{{Finance-stub}}