Introduction to the podcast and guest Christopher Belford00:20 Christopher's introduction00:23 Traditional enterprise payment processing landscape explained02:04 How payment channels connect to line-of-business systems04:07 Why payments appear real-time but aren't actually processed in real-time05:21 The reality of payment processing: authorization, capture, batching, settlement06:23 Why businesses need visibility into transactions before settlement07:17 The challenge of reconciling merchant accounts at day's end08:18 How enterprises typically handle reconciliation manually with flat files09:32 The complexity of managing payments from multiple channels10:43 How manual reconciliation creates customer service challenges11:34 Jon summarizes the reconciliation challenges for large enterprises12:41 The value of real-time payment reconciliation14:48 How real-time data enhances revenue forecasting and customer service16:51 The problem with delayed fraud detection in traditional systems18:03 The scale of payment fraud: 79% of organizations affected19:15 Business email compromise as the number one fraud culprit20:50 How real-time systems prevent chargebacks and fraud23:00 Why fraud detection models must be dynamic and continuously learning25:55 How real-time processing prevents fraudulent activities at the enterprise level28:17 The cost considerations of different payment channels29:45 Advice for finance leaders and CIOs looking to modernize payment processing30:59 Benefits of a repeatable model for payment orchestration32:09 Where to learn more about ERP payment reconciliation solutions32:48 Conclusion and sign-off🔔 Don't forget to Like, Subscribe, and hit the notification 🔔 ✔ Subscribe: https://www.youtube.com/jonmyer/?sub_confirmation=1📱 Social Media Twitter: https://twitter.com/_JonMyerWebsite: https://jonmyer.comLinkedIN: https://www.linkedin.com/in/jon-myer/Spotify: https://open.spotify.com/show/0wjJzdIwctq4o4pTXM2KSFLike my sounds? Here's my audio source: https://www.epidemicsound.com/referral/fj9o9k#aws #awscloud #podcast #podcasting #costoptimization #finops #cloudcost #cloudoptimization