Page Migration Payment Traffic Switzerland "Standard presentation for banks" The following explanations are intended to support banks while communicating with their customers. They are based on the datasheet available at migration-pt.ch . Status: May 2015 1
Page Migration Payment Traffic Switzerland "Standard presentation for banks" The following explanations are intended to support banks while communicating.
Dec 17, 2015
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1Page
Migration Payment Traffic Switzerland
"Standard presentation for banks"
The following explanations are intended to support banks while communicating with their customers. They are based on the datasheet available at migration-pt.ch. Status: May 2015
2Page
Agenda
Introduction
Status with regard to credit transfers
Status with regard to payment slips
Status with regard to direct debits
Communication/Contact
3Page
Agenda
Introduction
Status with regard to credit transfers
Status with regard to payment slips
Status with regard to direct debits
Communication/Contact
4Page
The Migration Payment Traffic Switzerland initiative
Who?
SIX Interbank Clearing Ltd as the Swiss financial center's decision body with
regard to payment traffic
5Page
The Migration Payment Traffic Switzerland initiative
What?
The diversity of schemes, standards & formats for credit transfers, payment slips
& direct debits is being harmonized – as much as the processing of interbank
payments & of payments between banks and their customers is concerned.
6Page
The Migration Payment Traffic Switzerland initiative
How?
Interconnected with the Swiss banks & software providers, various working
groups of the financial center are aiming to implement the initiative in order to
reduce & standardize the numbers of payments instruments for an even more
effective, efficient & flexible payments processing.
7Page
The Migration Payment Traffic Switzerland initiative
When?
In 2012, the decision was taken to stop supporting the current schemes,
standards & formats for• credit transfers as of the 2nd quarter 2018 • payment slips as of 1 July 2020
The new schemes, standards & formats are to be introduced for:• credit transfers as of 16 April 2015 • payment slips as of 1 July 2018• direct debits as of 2016
8Page
The Migration Payment Traffic Switzerland initiative
Why?
The initiative was triggered by the creation of the Single Euro Payments Area
(SEPA), which currently consists of 34 European countries – including
Switzerland. In SEPA, the former various national schemes, standards & formats
were replaced by a unified set of instruments for the euro payment traffic.
9Page
Agenda
Introduction
Status with regard to credit transfers
Status with regard to payment slips
Status with regard to direct debits
Communication/Contact
Page
Status with regard to credit transfers
Today: DTA & EPO
Bank xCustomer y Input software of customer y
Need for adaptation Compulsory use of IBAN
till 2020
Tomorrow: ISO 20022
Input software of customer y
pain.001
pain.002camt.052camt.053camt.054
Bank xCustomer y
Notification of processingAccount status reportAccount statementCredit & debit advice
Payment order
11Page
Agenda
Introduction
Status with regard to credit transfers
Status with regard to payment slips
Status with regard to direct debits
Communication/Contact
Page
Status with regard to payment slips
Today: red, orange, IPI
Bank xBiller y Input software of customer y
camt.054Payment credit
Need for adaptation
Tomorrow: inpayment slip with data code
Input software of customer y
Bank x
Payment order
Biller y
Forms inventories
Debtors of biller y
Need for communication
13Page
Agenda
Introduction
Status with regard to credit transfers
Status with regard to payment slips
Status with regard to direct debits
Communication/Contact
14Page
Status with regard to direct debits
Today: LSV+/BDD/Debit DirectBiller y Input software
of customer y
Debtor of biller y
Bank x(E-banking,file transfer)
Debit authorization (option 2)
Debit authorization (option 1)
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Direct debit
Status with regard to direct debits
Bank x(E-billing system)
Biller y Input software of customer y
Debtor of biller y
Tomorrow: Direct debit/ e-bill combinedE-bill
Debit authorization
Need for adaptation
Biller y Input software of customer y
Debtor of biller y
PostFinance(E-Finance,file transfer)
Tomorrow: SEPA-compliant direct debit scheme
16Page
Agenda
Introduction
Status with regard to credit transfers
Status with regard to payment slips
Status with regard to direct debits
Communication/Contact
www.migration-pt.ch
Communication/Contact
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