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Bergmann Interbank Linkage System

Bergmann Interbank Linkage System, also known as BILS, is a multinational company based in Renesia that unifies bank transfer systems to speed up the movement of money between banks while enabling the review of necessary information by the affected central banks. Moreover, it also unifies the payment process with participating banks and lets them issue BILS-branded, and  cards. BILS also offer other. Adalbert Bergmann created BILS in 1981 as a solution to the slow payment services that take up to a month to verify, especially between international banks. With BILS, both local money movement and foreign money movement between banks have increased in speed, and the verification process increased in speed and more control and information options. BILS is the most flexible bank linkage system as it is compatible with other linkage systems and module based. BILS can be seen as commonly used in northern Alutra banks; however, it is accepted worldwide because of its compatibility with other systems.

History
Adalbert Bergmann noticed an exponential increase in money movement from and to Renesia with no single system or an inadequate and rigged system, so Adalbert Bergmann travelled around to various Alutran banks to find what each require and common themes between them, one of the most significant obstacles were the various central banks need to verify the money going in and out and that what Adalbert Bergmann focused on. In 1981, Adalbert Bergmann established BILS with the help of the International Trade Association Group, Grand Sarrisen Bank, Renesian Princely Bank and International Renesian Bank. Initially, BILS saw colossal success and spread mostly in Alutra; however, new and old competitors were able to develop similar systems that intensified the competition in the industry.

Today, BILS does not have a major share in the market but still plays an essential role as it is often used as an intermediary between other systems, and as such, BILS is widely accepted. BILS and SEC-UR have cooperated for a better and enhanced security system for BILS since 2008; experts say BILS has the second-best secured system in the market.

Market power
BILS in the 1980s and the 1990s had considerable power and market share in Alutra and proceeded to use its power to force banks into adopting BILS over its competitors; however, many lawsuits and government interventions wrestled control from BILS. Today, BILS is used worldwide but lacks the considerable power it used to have; it is estimated that 10% of financial payments use BILS directly, however, 46% of financial payments go through BILS indirectly, acting as an intermediary between other payment processing systems. BILS offer two options for placing its brand logo on the bank card; option A is placing the BILS logo on the top right of the card, while option B is using the simplified BILS logo and placing it on the bottom right side of the card.

Alutra
BILS still has a significant market share in Alutra and still is dominating in Renesia. In early 2020 BILS introduced a new in Alutra called the Digital zelta kronen (DZK), with it being worth to a weighted combination of the Renesian mark, Galvian tornis, Ecoralian darn, Pfenig, Myrish kruunu, Ventoran standard, and Vatupic dollar. The Digital zelta kronen is currently only used by banks as a way to pay each other without expending its foreign currencies. BILS's CEO, Namor Truson Evaspio, stated that it will eventually be usable by individuals and other corporations and become the currency that transcends borders. However, BILS received a mixed review and is still in decline in direct transactions in Alutra, although indirect transactions have increased sharply, according to CFO Monija Karašausks.

Anti-competitive practices
During the 1990s, BILS faced many lawsuits for anti-competitive practices, which amounted to blocking further acquisitions, paying fines totalling RMK 3 billion and splitting some of its company's subsidiaries.

Racism allegations
It has been known that BILS blocks and freezes payment from Agar or Ukuti individuals if it is able to verify that they are Agar or Ukuti. Many Agars filed lawsuits against BILS for discrimination, however, BILS states that it is blocking payments to deny people with hostile or unfaithful intentions from using BILS systems to cause harm on other people.

Offers
BILS offers four different tiers; although naming changes based on geographic location, they function the same:
 * Standard
 * Amber/Vapty (Nations with Vatupic dollar)/Rabe (Renesia)
 * Onyx/Krähe (Renesia)
 * International Elite (in cooperation with ITAG)