PayPal is the world’s largest online money transfer, billing and payments system. It owns the PayPal, Venmo, iZettle, Xoom, Braintree, and Paydiant brands. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 325 million consumers and merchants in more than 200 markets to join and thrive in the global economy.
PayPal’s fraud rate, while well below the industry average, still gives them over 1 billion dollars a year of expsosure. They need to process and analyze more data, faster while minimizing end-user friction. On the back-end, their fraud management platform merges data from customer enrollments, payments, invoicing preferences, and profile data.
When their legacy NoSQL database couldn’t deliver results without a deterioration in performance, PayPal turned to Aerospike. With its high-performance NoSQL database, Aerospike is built explicitly to run on flash and Persistent Memory (PMem), not DRAM, while consistently delivering speed at scale. Here’s what Aerospike was able to do for PayPal:
Based on PayPal’s initial projected fraud data size of 50 TB in 2015 with its legacy in-memory system, these were the benefits with the Aerospike® Hybrid Memory Architecture™: