Another three SEPA participants
Jyske Bank (Schweiz) AG, Rahn & Bodmer Co. and J.P. Morgan (Suisse) SA will participate in the SEPA Credit Transfer Scheme from 5 May 2014.
Thus, 147 out of 173 financial institutions from Switzerland and Liechtenstein are using the Swiss SEPA payment channel via euroSIC/SECB/STEP2.
SEPA credit transfers
Banks participating in the euroSIC system are able to send and receive SEPA-compliant credit transfers with little effort.