The Swiss interbank payment system is being brought into line with the new ISO 20022 standard. These changes will make payment transactions smoother and easier by introducing a single, automated data-transfer process across the country.
BCV will be here to help and advise you throughout the transition phase.
For more information on the changes to payment transactions in Switzerland, visit the Swiss payment standards website
In 2020, the existing red (BV) and orange (BVR) payment slips started being replaced by QR bills – a single type of slip where payment details and the IBAN of the account to be credited are displayed in the form of a QR code, which has been standardized across Switzerland.
Most people will only have to make one or two small changes to start using the new system, such as using new payment slips and entering information differently when making payments through online banking.
If you or your company transfer payment files, however, the changes will be more far-reaching. You’ll need to update your software and plan ahead to see what other changes you’ll have to make, particularly if you use customized payment software.
If you use an optical scanner, you’ll have to make sure your software works with the new standards.
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Answers to FAQs concerning the changover can be found on the new payment system Swiss payment standard website.
A table showing the important steps in the changeover process (in French only).
File size : 244 KB - Last update: 01.06.2022
