1. Harmonization Payment Traffic Switzerland Standard presentation for banks
August 2017

2. Introduction
Credit transfers
Payment slips
Direct debits
Communication/Contact

3. Introduction

4. Harmonization Payment Traffic Switzerland
The following explanations are intended to support banks while communicating with their customers. They are based on the datasheet available at PaymentStandards.CH.

5. Harmonization Payment Traffic Switzerland
Who?
SIX Interbank Clearing Ltd as the Swiss financial center's decision body with regard to payment traffic.

6. Harmonization Payment Traffic Switzerland
What?
The diversity of schemes, standards & formats for credit transfers, payment slips & direct debits is being harmonized – as much as the processing of interbank payments & of payments between banks and their customers is concerned.

7. Harmonization Payment Traffic Switzerland
How?
Interconnected with the Swiss banks & software providers, various working groups of the financial center are aiming to implement the initiative in order to reduce & standardize the numbers of payments instruments for an even more effective, efficient & flexible payments processing.

8. Harmonization Payment Traffic Switzerland
When?
The decision was taken to support the current schemes, standards & formats for credit transfers until mid-2018.
The new schemes, standards & formats are to be introduced for:
credit transfers (XML payment file). Roll out: bank-specific
QR-bill as of January 2019
direct debits. Roll out: bank-specific

9. Harmonization Payment Traffic Switzerland
Why?
Digitalization and regulation are two essential drivers of the harmonization. On the one hand, there are too many media breaks which make the processing of payments slower, inefficient, and prone to error. On the other hand, the media breaks make it hard to comply with new regulatory requirements (e.g. the revised FINMA Anti-Money Laundering Ordinance).

10. Credit transfers

11. Credit transfers Need for adaptation Today: DTA & EPO
Customer Y
Input software of customer Y
Bank X
Tomorrow: XML payment file
Customer Y
Input software of customer Y
pain.001
pain.002
camt.052
camt.053
camt.054
Bank X
Payment order
Status report
Intraday account statement
End-of-day account statement
Credit- & debit advice
Need for adaptation
Compulsory use of IBAN from end 2020

12. Payment slipsPayment slips

13. Need for communication
Payment slips
Today: red, orange
Bank X
Biller Y
Input software of customer Y
Payment slips
Debtors of biller Y
Need for communication
Tomorrow: QR-bill
Input software of customer Y
Bank X
Payment order
Biller Y
Payment credit
camt.054
Need for adaptation
Forms inventories

14. Direct debits

15. Direct debits Today: LSV+/BDD/Debit Direct
Debit authorization (option 1)
Today: LSV+/BDD/Debit Direct
Biller Y
Input software of customer Y
Bank X (E-banking file transfer)
Debtor of biller Y
Debit authorization (option 2)
Tomorrow: Unified direct debit procedure of PostFinance and banks

16. Communication/Contact