Below you will find an overview of the timeframe and most important stages of the migration project.
As the market leader in Swiss payment transactions, PostFinance is a driving force behind the switch to ISO 20022 standards and is implementing them consistently.
PostFinance was the first financial institution in Switzerland to offer products for the new credit transfer scheme in accordance with ISO 20022. We will now gradually implement additional functions. The introduction of the new inpayment slip will be the last stage in the process, as the new messages for credit transfers and notifications are a prerequisite for this.
The following graphs show bank and customer migration and the many factors upon which they are dependant.
PostFinance is using the migration of payment transactions to avoid transferring formats and product variants which are no longer up-to-date, into the new standard. Affected customers will be informed by PostFinance about the relevant modifications ahead of time.