Betalningar

Question & answers

1. What is P27?
2. As a corporate customer, do I need to make changes to my systems if P27 is implemented?
3. As a corporate customer, when will I be affected by the new formats if P27 is implemented?
4. As an ERP provider, what do I need to think about before the transformation to the new planned payment infrastructure?
5. What will change for me as an ERP if P27 is implemented?
6. Will it be the new file format?
7. Will all services be moved at the same time? How is the transformation planned to take place?
8. How will file communication with Bankgirot take place during the transformation period if P27 is implemented?
9. How will Bankgirot communicate changes to its services?
10. How long can my bank use the old formats?
11. Can a customer send a payment file directly to P27 (the new planned payment infrastructure)?
12. Can the ISO format vary depending on which bank different customers use?
13. Must all payments initiated by a bank customer have an IBAN as recipient?
14. Will I be able to make a payment to a Bankgiro number/Plusgiro number (Alias) in the future?
15. When should I contact my bank regarding the new planned payment infrastructure?
16. Where can I find more information about the Transformation Program?
17. Will Autogiro continue to exist? What is the plan?
18. Will e-invoicing continue to exist? What is the plan?
19. What is the NPC Schemes?
20. What differences from the SEPA standard have been decided?
21. What is the difference between the current payment infrastructure and the planned new payment infrastructure?

What is P27?

For general information about P27 , please visit: www.nordicpayments.eu.
For specific questions from banks about P27 and the new planned payments infrastructure, please email: implementation@nordicpayments.eu.

As a corporate customer, do I need to make changes to my systems if P27 is implemented?

It depends on whether you have built your own file communication solutions or if you send your files via an ERP provider's services.

If you have built your own file communication solution, it will be affected. It’s also likely that banks will provide you with conversion tools. To better understand how you will be affected, we suggest you have a dialogue directly with your bank. Information is available from each bank.

As a corporate customer, when will I be affected by the new formats if P27 is implemented?

The planned transformation to the new payment infrastructure, including new standards and formats, will not happen all at once. Plans are in place to ensure that the transformation is carried out as efficiently as possible while at the same time maintaining operational stability with the least possible disruption for customers. When the first payment transactions are processed via the new planned payment infrastructure, certain customers will be affected. How big the impact may be will depend on which channels the customer uses today.

Companies that use a file to initiate all types of payments, including wage payments, will be the most affected. Most banks will switch to the ISO format or offer conversions. This is usually addressed when a company's ERP provider updates the ERP system. However, customers who have built their own system solutions will need to adapt their system solution to handle the new standard.

As an ERP provider, what do I need to think about before the transformation to the new planned payment infrastructure?

Information about each bank's offering is available from each bank.

What will change for me as an ERP if P27 is implemented?

File communication and format takes place directly with each bank.

Will it be the new file format?

The planned new payment infrastructure is based on XML ISO20022. To learn exactly which format your bank offers, contact the bank directly. Information is available from each bank.

Will all services be moved at the same time? How is the transformation planned to take place?

The transformation to the new payment infrastructure is planned to take place in stages in accordance with various milestones contained in the Transformation Plan. Bank services based on the NPC Schemes and Bankgirots’ services are expected to exist in parallel so that the transformation to the planned new payment infrastructure can take place in a safe and secure manner. Bankgirot will not shut down services before the market is ready. However, Bankgirot is planning for a responsible winding down of legacy services that can start when the market is ready, assuming there is no longer a need for these services. Bankgirot's current mission is to guarantee the stability of existing payments infrastructure until the final transaction is completed in accordance with the Transformation Plan.

How will file communication with Bankgirot take place during the transformation period if P27 is implemented?

During a transitional period, P27's and Bankgirot's services will operate in parallel so that the transformation to the planned new payments infrastructure can be carried out in a safe and secure manner. Based on that possibility, each bank can decide for itself to what extent and for how long it wants to continue to offer file communication directly between companies and Bankgirot. Bankgirot will offer file communication with end customers as long as banks choose to offer it to their customers.

How will Bankgirot communicate changes to its services?

Banks are responsible for communication with their customers.

How long can my bank use the old formats?

Information is available from each bank.

Can a customer send a payment file directly to P27 (the new planned payment infrastructure)?

No, all payment files with payment information go via the banks.

Can the ISO format vary depending on which bank different customers use?

Information about the ISO format is available from each bank.

Must all payments initiated by a bank customer have an IBAN as recipient?

No, it will still be possible to enter an Alias (Bankgiro and Plusgiro numbers) as well as a national account number (clearing number and account number) as the payee.

Will I be able to make a payment to a Bankgiro number/Plusgiro number (Alias) in the future?

Yes, it will still be possible to enter an Alias (Bankgiro and Plusgiro numbers).

When should I contact my bank regarding the new planned payment infrastructure?

It’s a good idea to contact your bank well ahead of time to get information about the planned changes. Information is available from each bank.

Where can I find more information about the Transformation Program?

https://www.swedishbankers.se/fraagor-vi-arbetar-med/betalningar/ny-nordisk-betalningsinfrastruktur/

https://www.nordicpaymentscouncil.org 

Will Autogiro continue to exist? What is the plan?

The Transformation Plan does not currently contain any planning ie milestones etc for the transformation of Autogirot. A working group has been formed to investigate what a Transformation Plan for Autogirot might look like. The Program Management Office will provide more information when the working group has come further in its work.

Will e-invoicing continue to exist? What is the plan?

The Transformation Plan does not currently contain any planning ie milestones etc for the transformation of Bankgirot's e-invoicing function. A working group has been formed to investigate what a Transformation Plan for Bankgirot's e-invoicing might look like. The Program Management Office will provide more information when the working group has come further in its work.

What is the NPC Schemes?

The NPC has published two schemes: NPC Credit Transfer Scheme (published in December 2019) and NPC Instant Credit Transfer Scheme (published in February 2020). These regulations are sets of rules, processes, and formats for achieving interoperability for bank-to-bank transfers for Swedish and Danish kroner, either as non-time-critical so-called batch payments or real-time payments. The regulations are written on a conceptual level and are connected to a number of implementation guides and recommendations. The NPC schemes are based on and very close to the European Payments Council’s (EPC) payment schemes for payments in euros within the Single Euro Payment Area (SEPA) and the ISO 20022 message format.

What differences from the SEPA standard have been decided?

  • Banks and payment institutions can join one or both currencies (Swedish kronor, SEK, and Danish kroner, DKK) and one or more schedules
  • Banks and payment institutions can choose whether or not they intend to receive cross-border payments
  • In addition to IBAN defining a recipient account, an Alias / Proxy can also be used by the customer and in these cases will be forwarded to the recipient bank in a new separate attribute (AT-25)
  • The new Nordic regulations make it possible to send payments with ERI (Extended Remitted Information) and payments without ERI in the same file for the banks that have chosen to accept ERI and offer services that make it possible. The underlying amounts in an ERI payment will be validated against the total amount of the payment message. An ERI payment can include credit invoices - the total amount must exceed SEK 0.00
  • Mandatory validation of the structured references, both OCR- and RF-references
  • Character set allows Scandinavian characters and @
  • Amounts can have up to 11 digits (9 digits for SEPA payments)
  • Some differences in the use of Local Instrument, Charge Bearer, and Service Level 

What is the difference between the current payment infrastructure and the planned new payment infrastructure?

The planned new payments infrastructure refers to account-to-account payments in Swedish and Danish kroner for both non-time-critical payments (regular or batch payments) and real-time payments.

For banks, potential benefits include lower operating, maintenance, and development costs as there would be fewer clearing systems to operate and maintain. The planned new payments infrastructure also creates better conditions for innovation and development of new payment products and services.For customers, potential benefits include simplified handling of cross-border payments and access to new faster and innovative payment solutions.

Banks and payment institutions that have chosen to become members of the new Nordic association Nordic Payments Council (NPC) and NPC Scheme participants must comply with the new schemes for account transfers between banks, regardless of how the payment is initiated by the payer. Unlike the current payment infrastructure, where the responsibility for schemes rests with several different parties, the schemes for the new planned payments infrastructure will be governed by the Nordic Payments Council, NPC. Some functions, such as making payments to aliases, will remain on the Swedish market, while other functions may potentially be phased out. Examples of functions that may be phased out in the new planned payment infrastructure are images on manual payment cards and value slips in physical form.