Industries › NAICS 522320
Industry · NAICS 522320 · sector 52 Finance and insurance
Financial Transactions Processing, Reserve, and Clearinghouse Activities
Federal contract obligations classified under NAICS 522320, the organisations that win them and the agencies that award them.
USAspending caveat. Figures are obligations reported by federal agencies to USAspending.gov, not payments. In USAspending's words: "An outlay occurs when federal money is actually paid out, not just promised to be paid ('obligated')." "Every agency has a Senior Accountable Official who must officially certify that the quarterly financial data submitted by their agency is accurate and complete." "If there are any discrepancies in procurement data, FPDS is the authoritative source." Contract data for the Department of Defense and the U.S. Army Corps of Engineers is published with a 90-day delay. Data loaded 30 Sep 2026.
Federal agencies obligated $87M in contracts classified under NAICS 522320, Financial Transactions Processing, Reserve, and Clearinghouse Activities, in FY2026, and $481M over the five fiscal years since FY2023; the industry ranks 265 of 526 on this site.
Obligations were down 46% on FY2025 ($162M), with $0 so far in FY2027.
The largest recipient organisations over FY2022–FY2025 were F.H. Cann & Associates, Inc. ($123M), Edfinancial Services LLC ($112M) and Maximus Federal Services, Inc. ($76M).
By place of performance, the most money went to MA, TN and MO.
Contract obligations by fiscal year
Compared with the largest industry FY2026
| Measure | This industry | Aircraft Manufacturing | All contracts |
|---|---|---|---|
| Contract obligations, FY2026 | $87M | $45B | $716B |
| Five-year total | $481M | $211B | $3.0T |
| Share of all contract obligations, five years | 0% | 7.1% | 100% |
Top contractors obligations, FY2022–FY2025
| # | Organisation | Obligations |
|---|---|---|
| 1 | F.H. Cann & Associates, Inc. | $123M |
| 2 | Edfinancial Services LLC | $112M |
| 3 | Maximus Federal Services, Inc. | $76M |
| 4 | Missouri Higher Education Loan Authority | $74M |
| 5 | U.S. Bancorp | $27M |
| 6 | JND Holdings LLC | $26M |
| 7 | Rust Consulting, Inc. | $6.9M |
| 8 | Epiq Class Action & Claims Solutions, Inc. | $6.2M |
| 9 | Fifth Third Bank, National Association | $3.7M |
| 10 | Airlines Reporting Corporation | $1.2M |
| 11 | Kropp Holdings, Inc. | $1.0M |
| 12 | RRM-CLM Services, LLC | $900K |
| 13 | Infer Solutions Inc | $850K |
| 14 | Alex-Alternative Experts, LLC | $770K |
| 15 | Fiserv Federal Systems, Inc. | $649K |
| 16 | Geo. Mijilem & Company, Incorporated | $383K |
| 17 | Factset Research Systems Inc. | $355K |
| 18 | Aurostar Corporation | $333K |
| 19 | Trintech Inc | $329K |
| 20 | Blackhawk Network Inc | $301K |
| 21 | Creative Solutions Consulting Inc | $300K |
| 22 | Xpresso LLC | $260K |
| 23 | The Kaizen Company, LLC | $250K |
| 24 | Pricewaterhousecoopers Limited | $221K |
| 25 | Inovalon Provider, Inc | $221K |
$319K among the top 40 went to recipients not shown.
Buying agencies $1.0M+ awards
Where the work is performed
Largest awards since FY2023
Other industries in sector 52: Finance and insurance
- 524114 Direct Health and Medical Insurance Carriers $177B
- 522390 Other Activities Related to Credit Intermediation $5.1B
- 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds $3.2B
- 523150 Investment Banking and Securities Intermediation $1.2B
- 522110 Commercial Banking $772M
- 524298 All Other Insurance Related Activities $238M
- 523920 Portfolio Management $231M
- 524210 Insurance Agencies and Brokerages $202M
- 523940 Portfolio Management and Investment Advice $54M
- 523910 Miscellaneous Intermediation $50M
- 525120 Health and Welfare Funds $41M
Questions and answers
How much does the federal government spend on NAICS 522320?
$87M in contract obligations classified under Financial Transactions Processing, Reserve, and Clearinghouse Activities in FY2026, $481M over the five fiscal years since FY2023. Obligations are commitments, not payments.
Who are the top contractors in Financial Transactions Processing, Reserve, and Clearinghouse Activities?
F.H. Cann & Associates, Inc. ($123M), Edfinancial Services LLC ($112M), Maximus Federal Services, Inc. ($76M), Missouri Higher Education Loan Authority ($74M), U.S. Bancorp ($27M), by contract obligations over FY2022–FY2025.
Which agencies buy in this industry?
By the value of $1.0M-plus contracts since FY2023: Department of Education ($345M), Consumer Financial Protection Bureau ($45M), Department of Homeland Security ($31M), Department of the Interior ($1.2M).
What is a NAICS code?
In USAspending's words: "NAICS stands for the North American Industrial Classification System. This 6-digit code tells you what industry the work falls into. Each contract record has a NAICS code." Assistance awards (grants, loans, direct payments) carry no NAICS code and are not counted here.
Provenance
Source: USAspending.gov API v2, spending by category (NAICS) by fiscal year, recipient cross-tabulation for FY2022–FY2025 and award search, loaded 30 Sep 2026. State figures come from each state's top-100 NAICS list, so small amounts in a state may be missing. See methodology.