International Payment Instruction
The IPI (International Payment Instruction) payment slip is a Europe-wide uniform payment slip. This was developed by the International Organization for Standardization (ISO) and the European Committee for Banking Standards (ECBS).
The appearance is mandatory for all participating countries. The standardized IPI receipt can be used in practically all European countries and with most European currencies. It enables automated payment processing and can be used for both national and international payments.
With the introduction of the European Payments Area (SEPA) and its payment options, the IPI slip is largely obsolete.
In Switzerland and the Principality of Liechtenstein , however, the IPI payment slip is still used to make manual SEPA payments. Electronically recorded IPI transfers are interpreted by the banks as SEPA-compliant payments and executed as such.
Individual evidence
- ↑ CLEARIT, Swiss trade journal for payment transactions, issue 59 / May 2014
- ↑ St.Galler Kantonalbank, The IPI receipt ( Memento of the original from April 24, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Schaffhauser Kantonalbank, IPI receipt payment with IBAN ( memento of the original from April 6, 2015 in the web archive archive.today ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
