ðə nˈɛtwɜːk wʌz fˈaʊndᵻd ɪn nˈaɪntiːnhˈʌndɹɪd sˈɛvənti sˈɪks ænd ɪz ɐ mˈɛmbɚɹˈoʊnd faɪnˈænʃəl sˈɜːvɪsᵻz ænd pˈeɪmənts pɹˈɑːsɛsɪŋ kˈʌmpəni.
The network was founded in 1976 and is a member-owned financial services and payments processing company.