The Swiss financial industry has released recommendations on exchanging of data between customers and banks based on the ISO 20022 definitions in the payments and Cash Management areas. A validation platform supports the consistent use of the ISO 20022 messages.
SIX Interbank Clearing is involved in several committees focused on questions of standardization concerning the national and international payment traffic. It thus contributes to Swiss banks being able to set up products and services in a timely fashion and to do so on solid and market-driven platforms while facilitating the smooth operation of payments.
IBAN is the international standard for the presentation of an account number.
Recommendations to the Swiss financial center on implementing the EBICS Standard.
The creation of the Single Euro Payments Area (SEPA) is an EU public authorities’ integration initiative in the area of electronic euro payments. The SEPA zone comprises 34 countries, including Switzerland and Liechtenstein.
Payments in DTA format
Companies and individuals can enter payments in DTA format electronically and have them transferred from their bank accounts.
UN/EDIFACT is the acronym for the United Nations/Electronic Data Interchange for Administration, Commerce and Transport.