Industry Description
Establishments primarily engaged in performing functions related to depository banking, not elsewhere classified.
Business Examples
Common types of business activities within US SIC 6099 - Functions Related to Depository Banking, Not Elsewhere Classified are:
- Automated clearinghouses
- Check cashing agencies
- Check clearinghouse associations
- Clearinghouse associations bank or check
- Deposit brokers
- Electronic funds transfer networks including switching
- Escrow institutions other than real estate
- Fiduciary agencies other than real estate or trust
- Foreign currency exchanges
- Money order issuance
- Regional clearinghouse associations
- Representative offices of foreign banks, excluding agents and branches
- Safe deposit companies
- Tax certificate sale and redemption agencies
- Travelers' check issuance
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
US-SIC Hierarchy 6099 - Functions Related to Depository Banking, Not Elsewhere Classified
US-SIC Code 6099 - Functions Related to Depository Banking, Not Elsewhere Classified sits in the 2-digit Functions Related to Depository Banking, Not Elsewhere Classified sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: H
Division Title: Finance, Insurance, and Real Estate
2 Digits 3 Digits 4 Digits
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601 Central Reserve Depository Institutions
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602 Commercial Banks
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603 Savings Institutions
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606 Credit Unions
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608 Foreign Banking and Branches and Agencies Of
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609 Functions Related To Depository Banking
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611 Federal and Federally-sponsored Credit Agencies
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614 Personal Credit Institutions
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615 Business Credit Institutions
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616 Mortgage Bankers and Brokers
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621 Security Brokers, Dealers, and Flotation
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622 Commodity Contracts Brokers and Dealers
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623 Security and Commodity Exchanges
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628 Services Allied With the Exchange of Securities
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631 Life Insurance
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632 Accident and Health Insurance and Medical
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633 Fire, Marine, and Casualty Insurance
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635 Surety Insurance
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636 Title Insurance
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637 Pension, Health, and Welfare Funds
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639 Insurance Carriers, Not Elsewhere Classified
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651 Real Estate Operators (except Developers) and Lessors
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653 Real Estate Agents and Managers
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654 Title Abstract Offices
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655 Land Subdividers and Developers
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671 Holding Offices
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672 Investment Offices
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673 Trusts
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679 Miscellaneous Investing
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Extended US-SIC Hierarchy for 6099 - Functions Related to Depository Banking, Not Elsewhere Classified
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 6099 - Functions Related to Depository Banking, Not Elsewhere Classified. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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609901 Currency exchanges
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609902 Money order service
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609903 Check cashing service
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609904 Money brokers
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609905 Foreign exchange brokers & dealers
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609906 Escrow service
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609907 Travelers' checks-issued
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609908 Safe deposit box-rental
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609909 Clearing houses
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609910 Money transfer service
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609911 Registered agents
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609912 Payroll distribution service
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609913 Cash cards & other cash plans
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609914 Money order systems
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609915 Banking systems & service-electronic
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609999 Functions related to deposit banking
8 Digit SIC Codes
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60990000 Functions related to deposit banking
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60990100 Check clearing services
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60990101 Automated clearinghouses
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60990102 Clearinghouse associations, bank or check
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60990103 Regional clearinghouse associations
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60999900 Functions related to deposit banking, nec
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60999901 Check cashing agencies
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60999902 Deposit brokers
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60999903 Electronic funds transfer network, including switching
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60999904 Escrow institutions other than real estate
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60999905 Fiduciary agencies other than real estate or trust
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60999906 Foreign currency exchange
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60999907 Money order issuance
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60999908 Representative foreign bank offices, ex. agents and branches
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60999909 Safe deposit companies
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60999910 Tax certificate sale and redemption agencies
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60999911 Travelers' checks issuance
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60999912 Automated teller machine (ATM) network
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US SIC Code Directory
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