Efficiency and clarity for payments

The multiplicity of standards, schemes, procedures as well as of payment slips in Swiss payment traffic will soon be a thing of the past. Payment processes can be operated at lower cost and be better integrated in the digital value creation chain.

The switchover to the new standards also has an advantage in that it allows for an easier compliance with national and international regulations – such as the Anti-Money Laundering Act (AMLA).

The harmonization forms the basis for sustainable, competitive Swiss payment traffic in the future. The harmonization program also enables simpler payment processes in the future with improved processing quality. At the same time, complexity will be reduced when it comes to the development and maintenance of payment systems. Innovative and customer-friendly functionalities will be at the users' disposal. Payment processes can be operated at lower cost and be better integrated in the digital value creation chain. The optimization of cash management will be facilitated. And all this with improved process security and with the customary highest level of reliability.

Harmonized procedures, standards & formats

Greatest possible alignment with the proven international standards.

Uniform IBAN account number format

Replacement of the customary account numbers with the structured Swiss IBAN, which is in turn in line with the international IBAN standard (ISO 13616).

Reduction of payment slip diversity

At least seven different variations of inpayment slips are currently used in Switzerland. This diversity will be reduced to the QR-bill.

Extensive elimination of duplications

Standardization of the dual systems operated by PostFinance and the banks.

Reduced further development & maintenance costs

Alignment of domestic and international credit transfer schemes.

Higher automation rates (STP)

Automated processing through universal referencing.

Added benefits through integration of the QR code

Boosting of the straight-through processing rate (STP rate).

Easier implementation of compliance requirements

The more flexible ISO 20022 standard simplifies adherence to the standards of the Anti-Money Laundering Act and other regulatory rules.

Innovative and customer-friendly functionalities

Standards allow for a better integration of payments' monitoring into modern digital media.