Following successful negotiations with the Brussels-based EBICS s.c.r.l., Swiss participation in the company was yesterday approved by the EBICS General Assembly.
Recommendations to the Swiss financial center on implementing the EBICS Standard.
"Electronic Banking Internet Communication Standard" (EBICS) is an Internet-based communication protocol for payment transactions between corporate customers and banks. The standard has grown increasingly important in the Swiss financial center in recent years. The present recommendations will be supported by the Swiss financial institutions as of 2016. The use of EBICS is not compulsory.