Experts
The Swiss payment traffic roadmap contains important dates and developments, such as the introduction of the hybrid address and the migration to the SIC5 platform. It serves as a planning guide for financial institutions and takes into account international standards and developments.
5 December 2024
The harmonization of payment transactions in Switzerland has made great strides, particularly with the introduction of ISO 20022. Global initiatives such as the Swift migration and G20 measures support this trend. Challenges remain in the areas of regulation and costs.
5 September 2024
The CGI initiative aims to simplify payment transactions between companies and banks by promoting ISO 20022. However, publication of the CGI guidelines has been postponed again because demand is low and the current version is still sufficient.
8 March 2024
The introduction of the structured address for SEPA transactions is intended to make payment processing more efficient and secure. This is already standard practice in Switzerland. A hybrid address solution is being introduced internationally to integrate different address systems.
5 December 2023
The ISO 20022 harmonization requires that central banks coordinate the further development to prevent implementations from drifting apart. It is still unclear which central authority will be responsible for coordination.
6 September 2023
The migration to ISO 20022 for cross-border payments began in 2023 and is expected to be completed by November 2025. The harmonization requires the use of structured data and standardized identifiers such as IBAN and BIC to improve transparency and efficiency.
1 June 2023
The introduction of the QR-bill simplifies payment transactions by means of standardized procedures such as QR-IBAN and QR-reference. The SIC system checks the correctness of the QR-bill. These procedures also support eBill and instant payments, which enable immediate cash flows.
15 March 2023
After the global triumph of ISO 20022, it is clear that many questions about current and future challenges still remain unanswered. A study group suggested some areas that merit closer examination in the near future.
7 December 2022
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