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.
Why leading banks and payment providers choose MongoDB
Discover the three payment integration mechanisms that MongoDB supports. MongoDB offers payment capabilities that include data enrichment, real-time analytics, mobile-first and always-on functionality, as well as an API-driven approach for seamless integration and support for open banking initiatives.Contact Us
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.
REAL-TIME PAYMENTSChris Clark
"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.”
Principal Engineer, Macquarie Bank
CLOUD FLEXIBILITYAli Montazer
“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.”
Chief Technology Officer, Midland Credit Management
CASHLESS PAYMENT PLATFORMTahir Jamal
"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."
Technical Product Owner, Nexi Group
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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.
