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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.

The illustration depicts various scenes highlighting the benefits of AI in payments.

The role of the operational data layer (ODL)

By embracing modern payment solutions and leveraging the power of an ODL with MongoDB, organizations can unlock new growth opportunities, enhance operational efficiency, and deliver superior customer experiences.

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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.

Finance chart illustration.
Illustration of documents and a lock.

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.

Illustration of a plug and socket encircling a web page with a check mark and cursor arrow on top to represent composable banking systems.

Modern payment systems built with MongoDB

Industry leaders choose MongoDB to form the backbone of their always-on, always-secure, always-available payments platform.
NEXT GENERATION CARD PAYMENTS
“MongoDB handles more than 20 terabytes of data per day and supports over 80 microservices. We’re currently using the operational data store to run our rewards and loyalty programs.”
Nadeem Kayani
EVP/CIO of Consumer Lending, Wells Fargo
Read the whole story
NEXT GENERATION CARD PAYMENTS
“MongoDB handles more than 20 terabytes of data per day and supports over 80 microservices. We’re currently using the operational data store to run our rewards and loyalty programs.”
Nadeem Kayani
EVP/CIO of Consumer Lending, Wells Fargo
Read the whole story
REAL-TIME PAYMENTS
“We went live two 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
Payment processing
“Any processes that need fast serialization, deserialization of JSON objects, or involving multiple JSON objects work best on NoSQL databases. MongoDB is super fast and super flexible. Settlement, clearing, and billing run on AWS, Oracle Cloud Kubernetes Engine, and Google Cloud. They all use different databases but publish to a managed Kafka bus that is consolidated in MongoDB Atlas to make sure everything adds up.”
Nick Fryer
CTO, Dojo
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 ensure 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

Industry partnerships

MongoDB’s robust partner ecosystem goes beyond the major cloud providers, with global industry organizations integrating MongoDB into their financial services solutions.
Find the right partner for you
TRUSTED BY
ANZ logo image
Wells Fargo logo image
Santander logo image
BNP PARIBAS logo image
NEXI logo image

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Illustration of currency and a document, representing MongoDB's usage in the financial services industry.