Changes to payment transactions in Switzerland

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.

QR Facture

Highlights

 

In 2020, the existing red (BV) and orange (BVR) payment slips are 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.

 

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QR Facture

Changes regarding account transfers, payment confirmations, and account debits have already been implemented. 

  • Payment files are now sent using the PAIN rather than DTA format
  • Our e-billing system has been replaced by eBill
  • The CAMT format for payment confirmations is steadily replacing all other formatsLe format

For more information on the changes to payment transactions in Switzerland, visit the Swiss payment standards website

FAQs

Answers to FAQs concerning the changover can be found on the new payment system Swiss payment standard website.

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