E1: 74C: SIX Group Requirement to Implement QR-bill for Swiss Payments (Doc ID 2880675.1)

Last updated on JULY 01, 2022

Applies to:

Symptoms

 Currently there is a requirement from SIX group to implement QR-Bill on Swiss invoices. The Swiss financial industry has released recommendations (Swiss Payment Standards) on exchanging of data between customers and banks based on the ISO 20022 definitions, including the QR-bill.

The Swiss Business Rules and Implementation Guidelines documents are subject to the amendment authority of SIX Interbank Clearing Ltd Hardturmstrasse 201 CH-8021 Zurich and reflect the regulations of Swiss financial institutions.

As of 30 September 2022, payments will no longer be possible in Switzerland by using orange (ISR) payment slips (with reference number) and/or red (IS) payment slips (without reference number), that will be replaced by the QR invoices and e-bills for payment transactions.

By this date at the latest, all Swiss companies must be able to issue QR-bills, with the “Swiss QR Code” as central element.

The QR-bill is the direct successor to the payment slips. It can be printed or issued digitally and still consists of a payment section and a receipt. The Swiss QR Code in the middle of the payment section contains the information that also appears in writing on the invoice.

The eBill goes significantly further than the QR-bill and already enables seamless digital payments in Switzerland. Invoice issuers send invoices directly and securely to their customers’ online and mobile banking. The customers then check all the information online and can approve payment of the invoice at the click of a button.

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