The existing credit transfer schemes of the banks (DTA) and of PostFinance (EPO/ECA/ISR) will be harmonized using the ISO 20022 standard.
In the course of standardization and harmonization, the Swiss financial center intends to depict the various direct debit procedures operated by the banks and PostFinance in one market solution.
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.