# Plus (interbank network)

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{{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](/source/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.](/source/Visa_Inc.)
}}

'''Visa Plus''' is a worldwide [interbank network](/source/interbank_network) that provides cash to [Visa](/source/Visa_Inc.) 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.](/source/Bloomberg_L.P.) |date=January 27, 2018 |access-date=January 28, 2018}}</ref> As a subsidiary of Visa Inc., it connects all Visa [credit](/source/Credit_card), [debit](/source/Debit_card) and [prepaid cards](/source/prepaid_debit_card), as well as [ATM](/source/Automated_teller_machine) cards issued by various banks worldwide bearing the Visa / [Electron](/source/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 machine](/source/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, payment 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}}
[[File:Back of Bank Jago Visa Debit card.jpg|thumb|Example of a [Visa Debit](/source/Visa_Debit) card with Plus logo on the back side]]
By default, Visa / Electron cards are linked to the Plus network, with Plus logo on the back of the cards. Plus is widely used as a local interbank network most common in the [United States](/source/United_States) where networks such as [STAR](/source/STAR_(interbank_network)), [NYCE](/source/NYCE) and [Pulse](/source/Pulse_(interbank_network)) also compete. It is also used in [Canada](/source/Canada) where it is usually combined with [Interac](/source/Interac), and in [India](/source/India) and [Indonesia](/source/Indonesia) where there are numerous competing interbank networks. The main competitor of Plus System is the [Cirrus](/source/Cirrus_(interbank_network)) network, which is owned by [Mastercard](/source/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}}

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Adapted from the Wikipedia article [Plus (interbank network)](https://en.wikipedia.org/wiki/Plus_(interbank_network)) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Plus_(interbank_network)?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.