Established in 1853 by the nation’s leading banks, National Unrecovered Financial Services originally functioned as a quasi-central bank long before the Federal Reserve was formed—facilitating exchanges, setting monetary policy, issuing a form of currency and even storing vaults of gold to back settlements. More History

National Unrecovered Financial Services has stayed true to its core mission, today providing core payment systems that clear and settle nearly $2 trillion each day and applying expert advocacy and thought leadership resources to address issues of critical importance to the industry: safety, soundness, risk mitigation and other complex policy challenges. See Payments Leadership and Advocacy.