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Month: July 2017

The ‘Swiss Change’ – What is CAMT?

There is a significant financial shift happening in Switzerland right now, it is being referred to as ‘The Swiss change’. By 2018, all banks, software vendors, and individuals will have to adapt their payment systems. Credit transfers, direct debits and electronic payments will all need to use the same standards, languages, procedure and format to be compatible. That new format is called CAMT, and it will affect everyone in Switzerland. CAMT is short for cash management, the new bank statement formats are XML and will be compliant with the recent […]
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