InterBank Transfer

During the years 2018, 2019, 2020 and 2021 the AVIS Bank team by AVIS Capital collected about 280 construction invoice payments from its franchise construction network. The team tested various transfer systems to combine security and effectiveness with cost efficiency. AVIS Global has above 120 industrial facilities to construct, most at developing, political and juristic difficult country locations. The risk of impacting capital loss in such host locations is significant. Construction monies moved in test transfers, and the AVIS team transferred to unstable host locations and ended up in disappearing monies or being rejected and returned by intermediary banks. 

The ultimate solution is the AVIS Banks SWITCH technology, functional for debiting bank accounts worldwide by card processing, which has been the kick-off for the creation of a payment server, whereby the sender bank and the receiver bank are connected directly by IP to IP or API permanent connection. AVIS calls the technology "ABIQ" (AVIS Bank IQ).

The system works in standard formatting by interbank direct Special IP SWIFT or the new ISO-020022 (GPI) formatting 

The direct-debit handling GUI in manual and automatic function captures and downloads the transferred funds by MT103 – ISO020022 to AVIS Bank in tranches and creates the final clearing routing of the funds.