Enterprise Payment Processing Challenges | Real-Time Reconciliation Insights | Myer Media

About this episode

Host Jon Myer sits down with Christopher Belford, Senior Director at EPI-USE Services for AWS, to unpack the gap between the banking/payment-processing world and enterprise ERP systems, and why "real time" reconciliation rarely means what people think it does. Christopher explains why manual reconciliation is still the norm inside large enterprises, how AWS's SDK for SAP ABAP closes the gap between payment processors and core financial systems, and why real-time visibility transforms everything from revenue forecasting to customer service. They also dig into fraud: why business email compromise remains the leading vector for enterprise payment fraud, how machine learning and agentic AI are used to interrogate suspicious transactions in real time, and what finance leaders and CIOs should prioritize first when modernizing their payment infrastructure.

Key Takeaways:

Why enterprise "real-time" payment processing is rarely truly real-time, and the operational risk that lag creates
How AWS's SDK for SAP ABAP bridges payment processors and core ERP systems, enriching transactions with metadata at the point of sale
Why manual bank-to-ERP reconciliation can cost finance teams up to 20 hours per account, and how automation shifts finance from running by process to running by exception
How real-time visibility strengthens fraud prevention, given that business email compromise remains the leading cause of enterprise payment fraud
Why machine learning and agentic AI are essential for catching evolving fraud patterns that static, rules-based systems miss
What finance leaders and CIOs should evaluate first when modernizing payment infrastructure: processing costs and fees, a repeatable integration model, and real-time visibility across every channel

Presented by:

Jon Myer

Chief Content Creator, Myer Media | Host, The Jon Myer Podcast

Jon Myer is the Chief Content Creator for Myer Media and host of The Jon Myer Podcast. He has spent the last 20 years working in technology, including the last 8 years focused on cloud technology.

Early in his career, Jon had the opportunity to teach others about tech, from hardware to software, never expecting it would lead him to create technical content for a wider audience. He posted his first tutorial on YouTube more than three years ago.

In mid-2021, Jon launched his podcast, interviewing guests and giving them space for natural conversation to tell their own stories, and he hasn't stopped since.

Christopher Belford

Senior Director, EPI-USE Services for AWS

Christopher Belford is a Senior Director at EPI-USE Services for AWS with over 20 years of expertise in high-volume systems for Government, Financial Services, Retail, and Life Sciences. He has held roles including CTO, CIO, and Group Architect, specializing in system design, ERP integration, and cloud migrations.

Currently leading public sector solution strategy at EPI-USE services for AWS, Christopher drives global initiatives in Smart City, FinTech, and SAP cloud migrations. His accomplishments include designing e-filing platforms for 6 million users, transactional banking APIs, and tax reconciliation systems.

Recognized as an Adobe Ambassador, Christopher's leadership has transformed enterprise systems, improving workflows and customer experiences globally.