The existing credit transfer schemes of the banks (DTA) and of PostFinance (EPO/ECA/ISR) will be harmonized using the ISO 20022 standard.
The Swiss financial center currently has a variety of different direct debit procedures. In the course of standardization, banks and PostFinance aim at implementing a single procedure.
In the future, account and booking information will be rendered in the ISO 20022 standard for regular account reconciliations.
The new QR-bill code containing all important information will make payments even more efficient in the future. It will replace all different variations of payment slips in use today.