Handling of Regularly Occurring Claims
LSV+ and BDD are Swiss direct debit procedures that can be used to settle regular receivables in Swiss francs and euros. Once set up, the account is debited automatically for services purchased. With LSV+ there is a right of objection, whereas BDD exists in the corporate customer business and does not offer a right of objection.
Direct Debit Procedures LSV⁺ and BDD for Financial Institutions
LSV⁺ and BDD are attractive direct debit procedures offered by the Swiss banks for the handling of regularly occurring claims in francs and euro. They combine the best-possible consumer protection with efficient and secure processes, which minimize risks and costs for banks, debtors and creditors.
The legal basis for the direct debit procedures is formed by the participation conditions and debit authorizations. The participation conditions regulate the handling of instructions between the creditor and his/her bank. The debit authorization documents the legal relationship between the creditor, his/her financial institution and the debtor as well as that between the debtor and his/her bank. The debtor's bank is only permitted to pay the amount claimed if there is a valid debit authorization from the debtor.
The Two Procedures
Direct Debits for Companies
LSV⁺ and BDD are attractive direct debit procedures offered by the Swiss banks for the handling of regularly occurring claims in francs and euro
They combine the best-possible consumer protection with efficient and secure processes, which minimize risks and costs for both the debtor and creditor. Companies can efficiently manage their liquidity with direct debits. Special features include incoming payments according to value date and a significantly simplified dunning process.
The creditor can choose to collect direct debits in two different ways:
- with LSV+ (direct debits with right to objection) or
- with BDD (direct debits without right to objection).
Data Transfer via Paycomweb
payCOMweb is an Internet-based solution for the transmission of direct debits (LSV⁺/BDD). It is the electronic interface for the automated exchange of data between your finance software and SIX.
With payCOMweb you can securely, rapidly and efficiently transmit data around the clock, seven days a week.
How It Works, Access with Certificate and Ordering
Forms for Completing/Saving on Your PC and Subsequent Printing
With the registration form you can
- register your company for payCOMweb,
- request payCOMweb approval rights for LSV+/BDD.
With the modifications form you can
- register new users with access to new or existing mailboxes
- issue or rescind user access to mailboxes
- delete users and/or mailboxes
- delete payCOMweb approval rights.
Registration for Electronic Approval
Required for the electronic approval of order is registration for the payCOMweb service by means of of the registration form (see the above chapter initial order).
How Does It Work?
The ordering party logs in with the certificate into the payCOMweb application and transmits the locally saved files though the Web browser with SSL encryption. He/she then receives an electronic confirmation of receipt.
payCOMweb offers the option of electronic approval by the ordering party. Alternatively, the approval can also be made by the ordering party’s house bank, if the ordering party has sent the credit or debit order on paper.
The payment approval is made upon verification of the payment data. The ordering party can call up, save and print out the processing confirmation at any time.
The creditor’s financial institution of account, i.e. the ordering party, as well as that of the debtor will be notified about the incoming payment, whereby the debtor banks checks whether the requirements (e.g. authorization, credit-worthiness) are sufficient to execute the payment.
If the payments are approved by the respective financial institution, payCOMweb then processes the order and carries out the corresponding credits and/or debits upon the customers’ accounts through the financial institutions.
Access to the payCOMweb application takes place via a web browser and is secured by a certificate or SwissID issued by third-party providers.
The two following authentication methods are recommended:
Advanced personal certificate AATL on USB-Token
Please select QuoVadis Advanced Premium Certificate on USB-Token (Hardware) in the order form
Note: Advanced Commercial Certificate is not accepted.
QuoVadis Signing Service (CH), tokenless
Please select QuoVadis Signing Service AC or QuoVadis Signing Service Premium in the order form
Note: «Quovadis Signing Service Standard*» is not accepted.
Please note that, in order to use this, an identification checkpoint must be found in Switzerland, where the user must personally identify herself/himself.
According to the manufacturer, identification checkpoints are:
- Post offices of the Swiss Post (yellow identification)
- Persons authorized QuoVadis
- SBB Change/Western Union counters (SBB client identification)
The service payCOMweb is free of charge until further notice. Certificates can be acquired separately and there might be additional charges from the manufacturer.
Nachfolgende Dokumente sind passwortgeschützt (Member Section von eBill & Direct Debit (LSV)).
The following documents are password-protected (Member Section of eBill & Direct Debit (LSV)).
Registration does not work
Have you already registered your SuisseID with SIX?
- Send us an e-mail
You were able to transmit the file but receive no details of its status
Any data transmitted using payCOMweb between 6 pm and approx. 7 pm Mondays to Fridays, between 12 noon on Saturdays to 5 pm on Sundays and on public holidays are not validated. This is the reason why a status is not sent to senders during these times and why it is also not possible to approve the transmitted orders.
Cash Management, Transaction Costs, Transaction Currencies
Organizational and Contractual Issues
Alternatives to the Direct Debit Procedure
Download Bank Master
The Bank Master in ASCII or Excel format is an extract of the daily updated Swiss Bank Master.
The file is ideal for updating existing bank master data in software programs relating to IIDs in credit, debit, and general payment traffic applications.
The file may be downloaded either in text (ASCII) or in Excel format. The text file contains capital and lower case letters, umlaut and special characters. Each entry consists of a record with fixed-length field, ending with carriage return and linefeed (CR/LF). The records are sorted in ascending order according to IIDs (cf. record description). The contents of the two files are the same. The text file shows a separate title line.
As an alternative to the Bank Master the Electronic Index is at disposal as a reference in the form of an offline inquiry.