Swiss banks use the international ISO 20022 standard for electronic payment transactions and cash management reporting. ISO 20022 lays down uniform, consistent and internationally coordinated standards for reporting in the financial industry. The messages are used from client to bank, from bank to bank, and from bank to client.
Your benefits at a glance
Simple
Simple
Fewer input errors, rejections and less effort; transparency concerning the status of the payment order
Uniform
Uniform
Uniform standard for post office and banks
Automated
Automated
Automated and improved cash management