Financial Transactions Processing, Reserve, & Clearinghouse Activities
Key Figures
Figures are published for NAICS 522320 directly.
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Official definition
This industry comprises establishments primarily engaged in providing one or more of the following: (1) financial transaction processing (except central bank); (2) reserve and liquidity services (except central bank); and/or (3) check or other financial instrument clearinghouse services (except central bank).
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Illustrative examples
- Automated clearinghouses, bank or check (except central bank)
- Credit card processing services
- Check clearing services (except central bank)
- Electronic funds transfer services
Which code does this activity belong in?
Establishments that process financial transactions, provide reserve and liquidity services, or operate clearinghouses for financial instruments are classified in this code, provided they do not function as central banks. Credit card processors and automated clearinghouses exemplify this classification. Mortgage and nonmortgage loan brokers, classified separately, differ by arranging loans rather than processing transactions or clearing instruments. Other credit intermediation activities not involving transaction processing, reserve services, or clearinghouse functions belong in a different classification.