522320 — Financial Transactions Processing, Reserve, and Clearinghouse Activities

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, including peer-to-peer payment services

Exclusions & Cross-References

• Establishments primarily engaged in nonfinancial data and electronic transaction processing (except payroll
• processing services) are classified in Industry 518210, Computing Infrastructure Providers, Data
• Processing, Web Hosting, and Related Services;
• Establishments primarily engaged in providing payroll processing services are classified in U.S. Industry
• 541214, Payroll Services;
• Establishments of the central bank primarily engaged in check clearing and other financial transaction
• processing are classified in Industry 521110, Monetary Authorities-Central Bank;
• Establishments primarily engaged in credit card issuing and related financial transaction processing are
• classified in Industry 522210, Credit Card Issuing;
• Establishment primarily engaged in furnishing physical or electronic marketplaces for the purpose of
• facilitating the buying and selling of securities and commodities are classified in Industry 523210,
• Securities and Commodity Exchanges; and

Overview Facts