New File Format P27 in the Nordics

Extract from Nordeas page:
 

“The new payments infrastructure will standardise and simplify the Nordic payment landscape and create the foundation for multiple initiatives and innovations. Sweden is the first country to implement the new payments infrastructure.

With the roll-out comes a change where the Swedish banks, including Nordea, will offer standardised ISO200022-based payment services. This means that you as a corporate customer will use a service from Nordea instead of the services that today are offered by Bankgirot.

The migration from Bankgiro services (Leverantörsbetalningar, BG Lön and BG inbetalningar) to Nordea’s P27 customised solutions is ongoing during 2022. Nordea will stop offering these BG services preliminary by the end of Q1 2023. Autogiro will be affected later on. The Bankgiro and Plusgiro numbers will also work until further notice.

If your company is using one of the affected BG Services, we recommend that you prepare for the move to Nordea’s own services. Start by:

• Checking with your software provider that your ERP vendor can handle the payment format XML/ISO20022. Especially for the services that your company needs.
• Contacting your Nordea adviser to get information about the new format and the Nordea services that can be useful for your company.
• Checking that your system can handle the XML/ISO20022 format, if not, there are also companies that offer to convert the old Bankgiro format to XML.”

You can create ISO20022 outgoing payments from IFS, it is a matter of configuration. You must activate this payment format, create payment methds and then set up supplier basic data correct, as well as IFS Connect settings. Then you need to test the files with the bank.