Die Harmonisierung des Schweizer Zahlungsverkehrs – Payment Standards

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Harmonization of Swiss payments

The harmonization of payment traffic is a joint project by the Swiss financial center. Future-proof foundations are put in place to make payments processing even simpler and more economical by adapting to the international ISO 20022 standard.

Synergies in the value creation chain will be sustainably exploited between payment service providers, financial institutions and consumers. All players involved shall profit, along with the Swiss economy as a whole. The changes are expected to be completed by 2020 at the latest.

An Impetus for digital Switzerland

What is the point of ISO 20022? All information regarding the background on the changeover, the need for adaptation and the benefits for the Swiss economy and society can be found at activating-digital-switzerland.ch.

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The changing world of payments

ISO 20022 is the new international standard for electronic data exchanges in the finance industry. It is assuming an increasingly key role worldwide, in Europe and thus in Switzerland. ISO 20022 influences all domestic and international payments.

Attaining the goal in stages

The standardization and harmonization of the payment transaction processes program will be carried out according to the implementation plan defined by the Swiss financial center.

Efficiency and clarity for payments

The variety of current payment instruments is reduced, standardized and simplified. Harmonization and standardization enable simpler payment processes with improved processing quality for all market participants in Switzerland.

The new, harmonized schemes

The schemes are standardized and harmonized in four Swiss payments areas: Credit transfers, direct debits, notifications/reporting and payment slips.

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