{"id":36247,"date":"2024-08-21T14:26:46","date_gmt":"2024-08-21T12:26:46","guid":{"rendered":"https:\/\/fidulex.ch\/?p=36247"},"modified":"2024-09-16T14:22:01","modified_gmt":"2024-09-16T12:22:01","slug":"instant-payments-launched-in-switzerland","status":"publish","type":"post","link":"https:\/\/fidulex.ch\/en\/instant-payments-launched-in-switzerland\/","title":{"rendered":"Switzerland just Launched Instant Payments"},"content":{"rendered":"
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The SIC5 platform<\/strong> is at the heart of this transformation. Designed to meet the demands for speed and reliability in financial transactions, SIC5 enables instant payment processing, ensuring that funds are transferred and credited to the beneficiary's account in less than 10 seconds<\/strong>.<\/p>

One of the strengths of SIC5 is its availability<\/strong> . Unlike previous systems, where transactions could be delayed by bank closing times or non-business days, SIC5 ensures an uninterrupted service<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The benefits of instant payment<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Speed and availability<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The great advantage of instant payment is the speed<\/strong> at which transactions are carried out. In just a few seconds, funds are transferred from the issuer's account to that of the beneficiary, regardless of bank opening hours or public holidays. This availability at 24\/7<\/strong> offers unprecedented flexibility.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Safety and reliability<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Instant payments are designed to be secure and irreversible. Once a payment has been made, it is immediately finalized and cannot be reversed or cancelled<\/strong>. This considerably reduces the risk of fraud. However, in the event of an error, it is not possible to cancel the transaction. Users should therefore be particularly vigilant when making instant payments.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Reducing credit risk<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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With instant payments, the credit risk<\/strong> is reduced. Companies no longer have to worry about late payments, because funds are immediately available<\/strong> to their account as soon as the transaction is initiated. The balance of each account is therefore adjusted in real time.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Conditions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/path><\/g><\/g><\/g><\/g><\/g><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tHave an e-banking account<\/strong><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/path><\/g><\/g><\/g><\/g><\/g><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tFor outgoing payments:<\/strong> have an account with a bank offering instant payments (e.g. UBS)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/path><\/g><\/g><\/g><\/g><\/g><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tThe maximum transfer amount must be CHF 20,000<\/strong><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/path><\/path><\/g><\/g><\/g><\/g><\/g><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tPaying the fees<\/strong> (fees vary from bank to bank)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

    Switzerland has officially entered the era of instant payments. With the recent launch of the SIC5 platform, developed by SIX and the Swiss National Bank, payments can now be processed in a matter of seconds, 24\/7, without the delays usually associated with office hours or public holidays. Here's an overview of this new infrastructure, which will transform financial operations for businesses and private individuals alike.<\/p>","protected":false},"author":1,"featured_media":36249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[57],"tags":[],"class_list":["post-36247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualites"],"_links":{"self":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts\/36247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/comments?post=36247"}],"version-history":[{"count":11,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts\/36247\/revisions"}],"predecessor-version":[{"id":36282,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts\/36247\/revisions\/36282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/media\/36249"}],"wp:attachment":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/media?parent=36247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/categories?post=36247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/tags?post=36247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}