9/19/2016 Due to new EU regulations Bankgirot, in agreement with the participants in the Bankgiro System, has decided to remove the euro payments functions from the Leverantörsbetalningar (Supplier Payments) payments service.
From 31 October 2016 Bankgirot will no longer process payment instructions in euro in Sweden. Once Bankgirot no longer processes payments in euro nor will such payments be reported in Bankgirot's incoming payments services. The banks will develop solutions for euro payments that comply with the new EU regulations. Software and business systems that process euro payments to bankgiro numbers will need to be adapted to new payment flows and formats in consultation with the banks and customers.
Business system and software adaptations prior to 31 October 2016
On the technical side, the new EU regulations mean that software and business systems that process euro payments may need to be adapted to the ISO 20022 XML format. Moreover, changes to functions for the invoicing and reconciliation of euro payments will be needed.
Format changes
Files with euro payments can be sent to the appropriate bank in the ISO 20022 XML format. Format descriptions can be obtained from the banks and the Swedish Bankers' Association's website. Bankgirot's file format will also be changed as some functionality is being removed. Bankgirot's technical documentation will be updated.
Flow changes
Euro payments in Sweden will be processed by each customer's bank and will no longer be sent to Bankgirot.
Changes to reconciliation
Once Bankgirot no longer processes payments in euro nor will such payments be presented in Bankgirot's incoming payments services. As such reconciliation procedures need to be adapted to the banks' new solutions.
Changed invoice information
The information on invoices for payment in euro will need to be changed as euro payments are to be made using an IBAN number rather than a bankgiro number.