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Thursday, 01 February 2018 13:59

Junior Consultant für IT im Zahlungsverkehr (m/w)

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für 38,5 Stunden - Eintritt ab sofort möglich, jedoch spätestens ab 01.07.2018
Tuesday, 29 August 2017 13:31

Instant Credit Transfer

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This type of credit transfer can be performed either through an online banking platform or by using a smartphone app. Compared with a traditional credit transfer which is usually being processed at the beneficiary in the next bank working day, in the case of an instant credit transfer the amount is credited within ten seconds. The Instant Credit Transfer is available around the clock, seven days a week, 365 days a year.

As of 21 November 2017 banks will be able to offer instant payment services to their customers. However, the participation is optional.

SEPA Instant Credit Transfer important features:

  • an alternative to cash payments;
  • unitary solution for the SEPA area;
  • is handled by using an online banking platform or a smartphone app;
  • the amount is transferred to the beneficiary within 10 seconds;
  • the standard maximum amount is EUR 15.000, higher possible;
  • for EURO transactions;
  • no cut-off time, interbank clearing nearly in real-time;
  • uses basically the same elements of a classic credit transfer, e.g. the IBAN and BIC.
Friday, 04 August 2017 07:32

National law

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  • BWG BGBl. Nr. 532/1993 - Bundesgesetz über das Bankwesen Bankwesengesetz
  • ZaDiG - Bundesgesetz über die Erbringung von Zahlungsdiensten Zahlungsdienstegesetz
  • BGBl. I Nr. 107/2010 - Bundesgesetz über die Ausgabe von E-Geld und die Aufnahme, Ausübung und Beaufsichtigung der Tätigkeit von E-Geld-Instituten E-Geldgesetz 2010
  • VZKG - Bundesgesetz über die Vergleichbarkeit von Entgelten für Verbraucherzahlungskonten, den Wechsel von Verbraucherzahlungskonten und den Zugang zu Verbraucherzahlungskonten mit grundlegenden Funktionen Verbraucherzahlungskontogesetz
  • FM-GwG - Bundesgesetz zur Verhinderung der Geldwäscherei und Terrorismusfinanzierung im Finanzmarkt Finanzmarkt-Geldwäschegesetz
  • WAG 2007 – Wertpapieraufsichtsgesetz WAG 2007
  • VKrG – Verbraucherkreditgesetz VKrG
  • KSchG – Konsumentenschutzgesetz KSchG
  • FernFinG - Fern-Finanzdienstleistungs-Gesetz FernFinG
  • VersVG - VersicherungsvertragsgesetzVerVG
  • VAG - Versicherungsaufsichtsgesetz 2016 VAG
Friday, 04 August 2017 07:31


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Friday, 04 August 2017 07:25

Law database

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The European Union law is classified in primary and secondary legislation. The primary legislation represents the central legal source of all EU action and it essentially consists of the integration treaties concluded between the Member States of the European Union. The secondary legislation includes regulations, directives and decisions and derives from the principles and objectives set out in the treaties.

b) Primary legislation

The freedom of payment is regulated by Article 63 (2) Treaty on the Functioning of the European Union (TFEU). It is often seen as an attachment to the other single market freedoms. The freedom of payment is, however, a distinct freedom. It therefore covers, directly or indirectly, all payments connected with the exercise of different fundamental freedoms. The freedom of payment guarantees, for instance, that "the debtor who owes money for a delivery of goods or a service fulfils his contractual obligations voluntarily and without an unacceptable restriction and the creditor is free to receive such a payment" (Case C-412/97 ED [1999] ECR I-3845, paragraph 17).

Moreover, Art. 63 (2) TFEU prohibits restrictions of payment transactions not only between the EU Member States but also between the Member States and third countries. The scope of this freedom therefore extends beyond the territory of the European Union.

b) Secondary legislation

The legal basis for establishing an EU-wide internal market for payment transactions has already been created with the Payment Service Directive 2007/64/ EC (PSD), which has been implemented in the Austrian legislation by the Payment Services Act (ZaDiG) since 1 November 2009.

The PSD has mainly regulated the framework conditions, such as transparency requirements, the implementation period as well as the rights and obligations of payment service users and payment service providers.

Similar to the PSD, the Payments Accounts Directive 2014/92/EU (PAD) includes provisions on transparency with regard to the comparability of charges, the provision of exchange services within a Member State as well as provisions to facilitating cross-border payment and opening of accounts for consumers. The PAD is in force since 17.09.2014 and it has been transposed into national law by the Consumer Payments Act (VZKG) as of 18.09.2016.

The PSD will be abrogated by the directive (EU) 2015/2366 (PSD 2) with effect from 13.01.2018. The PSD2 also refers, in accordance with a correspondence table in its Annex II, to numerous provisions of the PSD which repealed. The PSD2 is to be implemented in the Austrian law until 13.01.2018.

Due to several changes since the PSD came into force there was a need for a new regulation. The payment market has developed further in technical terms through additional payment services in the field of Internet payments. This change applies to payment initiation service providers (PISPs) and account information service providers (AISPs) which are now being regulated by the PSD2. Both the PISPs and AISPs are playing an important role in electronic commerce. They set up a software bridge between the merchant's website and the account servicing payment service providers (ASPSPs) online platform to trigger electronic payments via Internet or to retrieve account statements.

All data processing systems developed and implemented within the framework of PSD 2 must be subject to data protection. The PSD2 contains a central regulation on data protection, which allows data processing for the purpose of payment transactions exclusively by having the explicit consent of the payment service user (Art.94). In addition to that, there are in the PSD 2 also data protection provisions for the payment initiation service providers (Article 66 (2) (g)) as well as for the account information service providers (Article 67 (2) (f)).

Moreover, the General Data Protection Regulation 2016/679 (GDPR), which will come into force on 25.05.2018, was published within the EU Data Protection Reform on 04.05.2016. This means that data protection legislation is now being harmonized throughout the EU. The main purpose of the regulation is to protect natural persons in the processing of their personal data while ensuring the free movement of personal data (Article 1 (3)).

Furthermore, within the EU are currently established provisions which are relevant for the payment transactions in the field of money laundering, such as the Fourth EU Money Laundering Directive 2015/849/EU. This directive has been transposed into national law by the Financial-Money Laundering Act (FM-GwG) since 26.06.2017. The relevant provisions for the payment transactions are targeting not only the banks, but also among others e.g. attorneys as well as auditors, who have reporting obligations concerning potentially "suspicious transactions" performed by their clients.

The Money Transfer Regulation (EU) 2015/847 was adopted together with the Fourth Money Laundering Directive. It entered into force on 26.06.2015 and has been in force in Austria without any further implementation act since 26.06.2017. This regulation replaced the previous regulation (EC) 1781/2006, which was concentrated exclusively on the client data. According to the new legal act, the payment service providers are currently required to provide details on both the beneficiary of the transfer as well as information on the beneficiary.
Friday, 07 October 2016 09:10

Personalizing by charitable organizations

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In addition to the standard payment slips there are also donation payment slips. This offers the possibility to fill in the date of birth of new donors and existing donors necessary to ensure that donations may be deducted. On this new donation slip a QR code does not make sense because it leaves insufficient space for the data to be collected.

Donation order for new donors
  • Purpose: The donation payment slip is used when the donor is completely unknown. This slip is available to the public (e.g., in bank foyers) or is widely distributed (e.g., newspaper insert, circulars, etc.)
  • Addressee: First time donor
  • Use: one time
  • What is to be pre-printed?
    • Organization name and IBAN
    • Optional: freely selected four-digit action code for the identification of the campaign / edition / ...
    • IMPORTANT: Insert an "X" to distinguish between action / campaign and post code. 
You can order the production templates for Austria here
Thursday, 30 July 2015 07:04


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STUZZA Studiengesellschaft für Zusammenarbeit im Zahlungsverkehr GmbH


Frankgasse 10/8
1090 Vienna 

Tel: +43/1/505 32 80
Fax: +43/1/505 32 80 - 77

E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Commercial register - FN 122251G
DVR-Nr. 0665665 - Tax ID ATU15360507

In the event of the transfer or the copying of data and information, which are downloaded or copied from the STUZZA home page, and to which STUZZA claims the copyright as well as the establishing of links to the STUZZA home page, it must always be indicated that the content has been made available by STUZZA (indication of source); furthermore it must be ensured that every person who received direct or indirect access to the data and information of the STUZZA home page shall be informed of these conditions.

The commercial use of these data require without exception the prior approval of STUZZA.

Any data and information of the STUZZA home page, which in the view of STUZZA is used in an illegal or inappropriate manner, must be destroyed or removed at the demand of STUZZA.

Any change or falsification of information content of the STUZZA home page is forbidden.


With regard to the technical qualities of the internet STUZZA cannot assume any guarantee for the authenticity, correctness and completeness of the information made available in the internet. No guarantee is also assumed for the availability or the operation of the STUZZA home page. Insofar as it is legal STUZZA assumes no liability for direct, indirect or other damages, independent of their causes, which might arise out of the use or non-availability of the data and information of the STUZZA home page.
Friday, 16 January 2015 07:34

Gutschrifttruncation techniche Hilfestellung

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Typ der Referenz Absicherung

check script in javascript
get it from page source code
Thursday, 21 August 2014 12:43


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The "Gutschriftstruncation" offers a backup of allocation data (payment reference) and therefore a facilitation and a quality assurance for payees who send their customers pre-filled receipts for a more comfortable payment of claims.

Thus the payment reference is hedged with a check digit calculated in accord with ISO 7064. This check digit facilitates the automatic capture and ensures higher detection rates in the processing. Hence the automatic assigning and entering of claims achieves a significantly higher rate.

The STUZZA developed an Excel-Sheet which illustrates the calculation of check digits in the "Truncationsverfahren" and also suits the creation of small amounts of check digits.

Since the 1st January 2009 the possibility for a "Gutschriftstruncation" with the was created. It concerns an additional check digit on the "Zahlungsanweisung". This supplementary check digit ensures the correct processing of the reference on the receipt by the system. The payment reference solely consists of 35 digits.
Thursday, 21 August 2014 12:42

Tax payments

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The tax payments were redeveloped and designed especially for transactions to the revenue office. Multiple types of taxes may be settled up simultaneously via receipt.

A standardised payment reference is necessary for tax payments/post bar payments respectively EACT. Further informations on this subject are available here, where we provide corresponding tools with which the payment reference can be calculated automatically.

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Studiengesellschaft für Zusammenarbeit im Zahlungsverkehr GmbH
Frankgasse 10/8, 1090 Wien
Telefon: +43/1/505 32 80-0; Fax: +43/1/505 32 80-77