New standard

The switch to ISO 20022 is the ideal opportunity to analyse your current payment transactions. PostFinance will help you along the way. We will answer your specialized and technical questions and help you to test and implement the ISO 20022 standard.

ISO 20022 offers added value for all market players

Cross-border trade and cash flow, as well as the associated processes and an increasing level of automation, require standardized payment transactions. By creating a uniform format for the exchange of information we can eliminate potential sources of error. Time- and cost-intensive reformatting will be done away with and searches will be significantly simplified.


The new standard for Swiss payment transactions will be introduced gradually between now and 2018.

ISO 20022 (International Organization for Standardization) lays the foundations for simpler, more cost-effective payment transaction processes.

Die Harmonisierung im Zahlungsverkehr schafft einheitliche Standards für Debitoren-, Kreditoren- und Personalprozesse. Die Prozesse im Zahlungsverkehr zwischen Finanzinstituten, Clearingstellen, Auftraggeber und Empfänger von Zahlungen werden auf Basis von ISO 20022 vereinheitlicht.

The changes to payment transactions concern all market participants and predominantly the following business processes:

  • Accounts receivable processes for invoicing (incl. direct debit schemes)
  • Accounts payable processes for invoice payments
  • HR processes for salary and pension payments
  • Account balancing/account statements/liquidity and cash managements

Advantages of standardized payment transactions

  • Providing information in payment transactions using the uniform IBAN format (International Bank Account Number) means errors are less likely to occur. Time-consuming reformatting (between account numbers, BIC, IBAN etc.) is eliminated and systematic searches for information are made easier
  • Standardized order and status reports as well as processing schemes for payments
  • Alignment of credit transfer schemes and cross-border payments are made easier and costs are reduced

The main points in brief