← Capital One Interview Insights
This was a single question that just kept expanding.
Start by clarifying requirements and scope, then walk through the core domain model and the end-to-end flow from authorization to settlement and billing. Emphasize how you'd handle scale, consistency, and compliance at each stage, making explicit trade-offs and referencing real-world patterns like idempotency, event sourcing, and PCI DSS.
Pro tip: Show that you understand the financial and regulatory constraints by proactively discussing idempotency, audit trails, and data retention—these are often overlooked but critical in fintech. Also, mention that authorization and settlement are separate systems with different consistency needs.
Ask questions to understand scale (e.g., transactions per second, number of cards), compliance needs (PCI DSS, GDPR), and key features like rewards, fraud detection, and multi-currency support. Define functional and non-functional requirements.
Identify main entities: Card, Account, Customer, Transaction, Authorization, Settlement, Billing Cycle, Statement, Payment. Define relationships and key attributes, considering data partitioning and storage choices.
Describe real-time authorization: merchant sends request via payment network, system checks credit limit, fraud rules, and holds funds. Ensure low latency, high availability, and idempotency to handle retries.
Cover batch settlement with networks, reconciliation to ensure accuracy, and billing cycle generation (statement, interest, fees). Discuss consistency models (e.g., eventual consistency for settlement, strong for balances) and error handling.
Propose scaling strategies (sharding, caching, async processing), consistency trade-offs (CAP theorem), and compliance measures (encryption, tokenization, audit logs, access controls). Mention monitoring and disaster recovery.
AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.