March 2018 edition
Reorientation of payment traffic
Editorial by Alain Schmid, Credit Suisse Ltd
Challenging, exciting, complex, profitable!
Digital shift at the bank counter
Interview with Christoph Wille, Valiant Bank Ltd
The number of transactions falls. The cash counter behind glass is gradually being phased out, primarily because of digital transformation.
ISO 20022 – Four months to go until the complete migration on the customer side
June 30, 2018 is fast approaching and the Banque Cantonale Vaudoise (BCV) is striving to completely migrate its corporate customers to the new payment traffic standard by then. As of that date, all payment instructions will only be accepted in the pain.001 message type. We remain in close contact to our customers to reach the set goal. Experience shows that migration is not easy task, but one that is worthwhile for all market participants.
Successfully launching the QR-bill – Quality comes first
Payment slips constitute a Swiss cultural asset and have been used successfully for more than 111 years. Federal, cantonal and municipal administrations, companies small and large, as well as the Swiss population use millions of payment slips each year. This means when replacing them, we must get it right.
The role of cash in the age of digitalization
Payment means are not being spared by the digitalization wave. And everyone is talking about cryptocurrencies these days. At the same time, the Swiss National Bank (SNB) began issuing a new banknote series in 2016. That inevitably raises the question: Why, in the age of digitalization, is the SNB still investing resources in new banknotes?
SWIFT gpi – The new standard for cross-border payments
Banks all over the world are lining up in increasing numbers with the SWIFT global payments initiative innovation (gpi). It is making cross-border payments more transparent and traceable. With the payments tracker, new status messages inform the banks involved in real time about the booking status. gpi could potentially revolutionize bank customer service in general.