September 2017 edition
Table of contents
Editorial by Matthias Sailer, ZKB
Harmonization from the customer’s perspective
- Financial institutions are challenged in various ways when it comes to the harmonization of Swiss payment traffic and the migration to the ISO 20022 message standard. No sooner have they reached the home stretch with interbank migration and they are already in the middle of the hot phase of adaptations on the customer side. clearit is on the trail that companies have taken so far, based on the example of four SMEs.
ISO 20022: Bank readiness for the third time
All roads lead through ISO 20022
Is the QR-bill compatible with the DTA standard?
- There are still some who cannot imagine Swiss payment traffic without the DTA standard. They assume that the electronic submission and execution of payments will still long be possible without difficulty, along with the new ISO 20022 pain.001 message. However, some problems might be expected when the QR-bill is launched.
Structured addresses to become standard in payment traffic
- The structuring of data for payment transactions is among the most interesting topics in the world of payments – at least for those with an interest in field lengths, field definitions and message standards. Boredom quickly evaporates for everyone else as well when they are aware of the background: besides boosting efficiency, it involves fight against terrorism, money laundering and organized crime.
TWINT and the new Swiss payment ecosystem
- Changes in the Swiss payment system are rapidly increasing. Until a few years ago, there was hardly a single provider of mobile payments in Switzerland. Today, besides TWINT, there are also diverse international solutions on the market. Major digitalization projects, such as the QR-bill, or the migration to ISO 20022 are lending additional impetus to the issue of mobile payment. The access to digital payments simplified.