Use Case

MongoDB for Payments

Enrich the payments experience by consolidating and analyzing data in any format in real time, driving value-added services and features to consumers.

Payments architectures shaping the future

Monolithic systems are expensive to maintain and lack data flexibility and third-party integration capabilities. MongoDB’s developer data platform enables you to create enriched experiences by consolidating, ingesting, and acting on data instantly.

Watch the webinar

Email Address*

First Name*

Last Name*

Company*

Tell Us More About How We Can Help*

The enriched payments experience

Accept and enrich any payment data type

Consolidate and act upon any payment data type in real time with a flexible document data model. JSON documents (the same data format used by MongoDB) are the standard for payments data, including SWIFT 4 and 5, the Open Banking API, and BIAN.

Always on and secure

Eliminate downtime and outages with distributed fault tolerance and automated data recovery capabilities. Protect customer data with industry-leading encryption, access controls, and data protection protocols that integrate with existing practices.

API-driven payment solutions

Stay competitive and lower TCO with composable payment systems that combine best-of-breed products from third parties. Make data flow possible in your open API ecosystem with a flexible data model ready for the different data formats or structures.

Modern payment systems built upon MongoDB

Industry leaders choose MongoDB to form the backbone of their always-on, always-secure, always-available payments platform.

Data Enrichment

Enhance the value of your original data set to a more comprehensive collection of information allowing for further use cases.

Open Banking

Orchestrate your open API ecosystem to make data flow between banks, third parties, and consumers possible with a flexible data model ready for any requirement.

Know Your Customer (KYC)

Unify your data, from backend payment processing to customer interactions, and surface insights to create a seamless, connected, and personalized customer journey.

Mobile Apps

Launch and scale always-on and secure mobile applications, integrate third-party services with APIs, and speed up approval times to meet customer expectations.

Fraud Detection

Increase the speed of insights to identify fraud with app-driven analytics. Integrate with AI/ML platforms for real-time, predictive fraud prevention.

Security and Compliance

Continuous backups, high availability across multiple regions, and detailed audit logs let banks track operations in real time.

Instant scale

Payments systems must scale as business and regulatory requirements evolve. Automatically scale up or down with demand, optimizing usage and costs.

Ensure high availability

MongoDB Atlas delivers the multi-cloud native scalability and high availability today’s payment platforms demand.

Run anywhere

Deploy data on-premises or in over 100 regions with a multi-cloud environment to enjoy reliability, security, and flexibility, and support regulatory compliance.

Embrace real-time analytics

Analyze payments data in place and in real-time, with no ETL or duplication. Increase the speed of insights and improve efficiency.

Secure your data

With a layered security approach, including client-side field-level encryption, MongoDB Atlas supports compliance with major security standards.

Support compliance

Embedded TTL indexing, as well as Online Archive and Data Lake, simplify regulatory compliance.

REAL-TIME PAYMENTS

"We went live 2 months into the COVID pandemic. A flick of the switch and payments started flowing. We’ve had over 3 million transactions now. No issues, it just simply worked. With this solution we can run on any cloud provider we want.”

Chris Clark

Principal Engineer, Macquarie Bank

Read the whole story

CLOUD FLEXIBILITY

“The combined capabilities of AWS and MongoDB Atlas have enabled use cases that were impossible with the legacy system. We don’t look at MongoDB as a vendor – they’re a partner for us. Same with AWS. They helped us achieve the goals we set.”

Ali Montazer

Chief Technology Officer, Midland Credit Management

Read the whole story

CASHLESS PAYMENT PLATFORM

"MongoDB Atlas will help us scale across Europe, horizontally and securely. We’ve sharded our data across sites only within Europe to comply with GDPR regulations, and high availability across data centers provides the level of durability we need to protect financial transactions in the event of an outage."

Tahir Jamal

Technical Product Owner, Nexi Group

Read the whole story

GLOBAL DEMAND

"When I came to Splitit, I knew I needed a powerful NoSQL server so that my developers could develop faster and so that we could scale – both things that our relational databases were failing to deliver."

Ran Landau

Chief Technology Officer, Splitit

Read the whole story

TRUSTED BY

Resources

Payments modernization – architectures shaping the future

While it was once enough for payments service providers to supply account information and orchestrate simple transactions, customers now expect an enriched experience where each transaction offers new insights and value-added services.

Watch the webinar

Staying ahead of payments fraud

Make the most of your data in the fight against fraud with Featurespace and MongoDB.

Analyst Report: Payments Data Monetization

Learn what clients want from their data-led services and how to monetize payment data.

Modernize your payment systems

Overcome legacy challenges and stay competitive with a modern application data platform.

FedNow - Why MongoDB Matters for Payments

The MongoDB developer data platform helps you achieve instant payments capabilities with FedNow.

Enrich your payments experience with MongoDB

Speak to one of our experts

.css-1w632qo{font-weight:500;}.css-1tdaqia{background-color:transparent;color:#00ED64;font-weight:500;}Use Case

MongoDB for Payments

Payments architectures shaping the future

The enriched payments experience

Accept and enrich any payment data type

Always on and secure

API-driven payment solutions

Modern payment systems built upon MongoDB

Data Enrichment

Open Banking

Know Your Customer (KYC)

Mobile Apps

Fraud Detection

Security and Compliance

Instant scale

Ensure high availability

Run anywhere

Embrace real-time analytics

Secure your data

Support compliance

"We went live 2 months into the COVID pandemic. A flick of the switch and payments started flowing. We’ve had over 3 million transactions now. No issues, it just simply worked. With this solution we can run on any cloud provider we want.”

“The combined capabilities of AWS and MongoDB Atlas have enabled use cases that were impossible with the legacy system. We don’t look at MongoDB as a vendor – they’re a partner for us. Same with AWS. They helped us achieve the goals we set.”

"When I came to Splitit, I knew I needed a powerful NoSQL server so that my developers could develop faster and so that we could scale – both things that our relational databases were failing to deliver."

Resources

Payments modernization – architectures shaping the future

Staying ahead of payments fraud

Analyst Report: Payments Data Monetization

Modernize your payment systems

FedNow - Why MongoDB Matters for Payments

Enrich your payments experience with MongoDB

Use Case