Migration Payment Traffic Switzerland
What information is contained in a QR code?
The Quick Response Code (QR code) contains the same information that is also printed on the payment slip. This particularly contains all necessary information about the beneficiary and payer, amount and currency, reference number or payment purpose. The biller has a special area available that can be used for dispatch management in logistics, for example. The contents contained in this area are not used during the payment processing.
Does QR code limit the use of the present payment traffic channels?
All payment traffic channels can still be used entirely. All information relevant for payment transactions is on the new inpayment slip with data code, such as the beneficiary's IBAN, amount and currency, which are printed for reading with the naked eye. In this way, payments can continue to be entered manually without the need for additional infrastructure, such as in e-banking. The same information is also contained in the QR code. This enables payers to automate entering of the slip. In private households this will primarily be possible through the use of smartphones. Fifty percent of the Swiss population already has such an end device today. Payers with larger billing volumes will use payment slip readers or scanners that support the QR code for this automation. The ability to recognize and further process the QR code is already covered by commercial devices today.