Industry Description
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).
Illustrative Examples:
Automated clearinghouses, bank or check (except central bank)
Credit card processing services
Check clearing services (except central bank)
Electronic funds transfer services
Cross-References.
Business Examples
Common types of business activities within NAICS 522320 - Financial Transactions Processing, Reserve, and Clearinghouse Activities are:
- Reserve and liquidity services (except central bank)
- Processing financial transactions
- Central reserve financial institutions (except central bank)
- Automated Teller Machine (ATM) or Automated Loan Machine (ALM) network operation
- Financial transactions processing (except central bank)
- Electronic funds transfer services
- Bank clearinghouse associations
- Credit card processing services
- Automated clearinghouses, bank or check (except central bank)
- Clearinghouses, bank or check
- Electronic financial payment services
- Check clearinghouse services (except central banks)
- Check clearing services (except central banks)
- Check validation services
IBISWorld Industry Research Report
Credit Card Processing & Money Transferring in the US (52232)
Revenue 2024
$143.8bn
Growth 2024
7.76%
Key Trends
The industry's quick shift toward contactless payments has reduced profit
The industry is characterized by the adoption of innovative payment methods
Merchants' reliance on electronic payment forms will likely continue to accelerate
Products and Services
Similar Industries
For some business types, there may be a similar industry to 522320 - Financial Transactions Processing, Reserve, and Clearinghouse Activities that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Establishments primarily engaged in nonfinancial data and electronic transaction processing are classified in Industry 518210, Data Processing, Hosting, and Related Services; and
IBISWorld industry research report
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NAICS Cross Reference
Establishments of the central bank primarily engaged in check clearing and other financial transaction processing are classified in Industry 521110, Monetary Authorities-Central Bank.
IBISWorld industry research report
NAICS Hierarchy 522320 - Financial Transactions Processing, Reserve, and Clearinghouse Activities
NAICS Code 522320 - Financial Transactions Processing, Reserve, and Clearinghouse Activities sits in the 2-digit Financial Transactions Processing, Reserve, and Clearinghouse Activities sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 52
Sector Title: Finance and Insurance
3 Digits 4 Digits 5 Digits 6 Digits
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5211 Monetary Authorities-Central Bank
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52111 Monetary Authorities-Central Bank
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5221 Depository Credit Intermediation
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52211 Commercial Banking
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52212 Savings Institutions
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52213 Credit Unions
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52219 Other Depository Credit Intermediation
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5222 Nondepository Credit Intermediation
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52221 Credit Card Issuing
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52222 Sales Financing
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52229 Other Nondepository Credit Intermediation
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5223 Activities Related to Credit Intermediation
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52231 Mortgage and Nonmortgage Loan Brokers
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52232 Financial Transactions Processing, Reserve, and Clearinghouse Activities
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52239 Other Activities Related to Credit Intermediation
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5231 Securities and Commodity Contracts Intermediation and Brokerage
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52311 Investment Banking and Securities Dealing
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52312 Securities Brokerage
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52313 Commodity Contracts Dealing
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52314 Commodity Contracts Brokerage
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5232 Securities and Commodity Exchanges
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52321 Securities and Commodity Exchanges
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5239 Other Financial Investment Activities
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52391 Miscellaneous Intermediation
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52392 Portfolio Management
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52393 Investment Advice
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52399 All Other Financial Investment Activities
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5241 Insurance Carriers
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52411 Direct Life, Health, and Medical Insurance Carriers
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52412 Direct Insurance (except Life, Health, and Medical) Carriers
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52413 Reinsurance Carriers
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5242 Agencies, Brokerages, and Other Insurance Related Activities
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52421 Insurance Agencies and Brokerages
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52429 Other Insurance Related Activities
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5251 Insurance and Employee Benefit Funds
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52511 Pension Funds
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52512 Health and Welfare Funds
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52519 Other Insurance Funds
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5259 Other Investment Pools and Funds
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52591 Open-End Investment Funds
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52592 Trusts, Estates, and Agency Accounts
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52599 Other Financial Vehicles
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Similar Industries Niche and Emerging
IBISWorld provides research on hundreds of niche and emerging industries, including the following for 522320 - Financial Transactions Processing, Reserve, and Clearinghouse Activities.
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