Over the past few years, Swiss payment transactions have been harmonized based on the internationally recognized ISO 20022 standard in order to lay the foundations for simpler and more economical processes among all market participants. Among other things, all the current Swiss payment slips will gradually be replaced with QR-bills starting June 30, 2020.
With Paynet, companies can harness the synergies from the introduction of QR-bills over the long run:
Invoice issuers will be able to deliver QR-bills to Paynet in PDF format starting June 2020. Paynet reads the QR code, converts the invoice data to eBill format, and provides invoice recipients already registered for eBill with this data in online banking. For invoice recipients who do not yet pay their invoices online, Paynet generates paper or e-mail invoices, depending on the recipient’s preference.
Invoice issuers can thus reach all customers with just one delivery format, whether by eBill, paper, or e-mail. No additional interfaces have to be installed. This significantly reduces process and maintenance costs.
The invoice issuer or their software partner must support the eBill alternative procedure in the QR code when their hardware and software switches to QR invoicing. You can find all the necessary information in the Specifications for using the eBill Alternative Procedure in the Swiss QR Code.