Harmonization of payment transactions The standard for Swiss payment transactions is ISO 20022
 

By 2020, Swiss payment transaction processes will be digitalized – and simplified. You should switch your company to the new standard in good time. Please note, the video is in German.

Here's how you switch to ISO 20022

The Swiss Financial Center stopped supporting the DTA process on July 1, 2018.
If you have not yet switched to ISO 20022, you have until the end of October 2018 to do so.

When switching to ISO 20022, which software your company will be using is crucial.

Standardized Software

Contact your software partner and ask about their implementation schedule.

Plan and budget the update.

Implement the necessary configurations (e.g. bank details, account number, master number).

Does your software meet the ISO standard?
 

Individual Software

Task your IT-technician and/or your external software partner with the adjustment to ISO 20022.

Plan implementation and testing.

Have you already switched your software to ISO 20022? Test out the new functionalities immediately.

Further information

Schedule for the entire switchover

Schedule for the entire switchover

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