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 harmonization of payment traffic affects all Swiss companies, regardless of their respective activity or size.
As an industry or interest group, you can support your members with active information to foster the necessary awareness regarding the migration plans and the need to take specific actions. This enables you to facilitate a smooth, efficient and timely migration of payment processes to ISO 20022 among the companies. Distinguish yourself with your know-how – to the benefit of your members.
Of course, we are ready to actively support you towards this end. We are standing by to assist you .
The new payment traffic delivers clarity, efficiency & security
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.
ISO 20022 – The new international standard for Swiss payments
The goal of the ISO 20022 standard is to achieve global alignment of electronic data exchanges and thereby a higher level of automation in payments processes.