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.
Your customers' trust is good. Good preparation is better.
Assume that as your customers' primary contact person you are confronted with questions regarding planned changes, their potential consequences and a concrete need to take action.
Fiduciary firms – especially if they provide full service as an outsourcing partner – are also responsible for being able to handle the payments processes of their customers efficiently, as needed and in accordance with future regulations.
Therefore, get informed in a timely manner about the cornerstones of the migration plans.
Expertise is needed when it comes to the harmonization of Swiss payments
As a consultant, actively support your customers with the smooth, on-time implementation of the harmonization of Swiss payments.
The migration to ISO 20022 is an ideal time to offer your customers specific added value with the improvement of their payment traffic; whether this involves the analysis and evaluation of the best-possible procedures or augmenting the implementation of concrete measures to boost efficiency.
The necessary migrations also represent a good opportunity to advise companies regarding an enhanced integration of the payments process in the digital value creation chain or the options for improving cash management.
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.