Abstract: The system provides a method and apparatus for processing payments for media buys that eliminates the complexity and time delay of current media buy payment approaches. The system enables media buyers to facilitate electronic payment and payment remittance to media providers such as stations and station groups. The system reduces the manual activities and challenges around ad buys for media providers as well as the media buyers. Through the closed loop network of the system, media providers can receive media buy payments electronically with real-time notifications throughout the payment cycle.