The future of payment transactions

Payment transactions made easier

Seven types of documents and around ten procedures and standards for credit transfers and direct debits – these will soon be a thing of the past. By 2018, all banks in Switzerland will have introduced international standards.

From 2018, payment transactions in Switzerland will have simplified standards, uniform formats and a new inpayment slip with a QR code. By then, all banks in Switzerland will have adjusted their payment transactions to international standards in accordance with ISO 20022, contributing to the harmonization of payment transactions in Switzerland.

PostFinance supports its customers

PostFinance wants to ensure that the implementation of the changeover is as simple as possible for its customers, and will provide them with support during the switch to ISO 20022. On the website, you will also find information and a range of options for testing software. To ensure a seamless transition, PostFinance will guarantee a parallel service for two years in 2016 and 2017.

New inpayment slip with QR code

From July 2018, the red and orange inpayment slips will be a thing of the past. They will be replaced by a new inpayment slip with a QR code. The QR code includes all important payment information, making it ideal for readers and smartphones.

IBAN to replace postal account number

In future, the sole primary identification feature used in Switzerland and Europe will be the internationally standardized and globally unique account number format: the International Bank Account Number (IBAN). Country-specific account number formats such as the postal account number will no longer be used.