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.

Abstract: The invention relates to vendor payments using a virtual credit card number for security purposes. The invention is used by a company to pay vendors for services or goods using the virtual credit card number, which alleviates the normal security issues associated with making payments through a normal credit card transaction via computer networks. The invention further provides a convenient apparatus and method in securing such vendor payments. The apparatus and method of the present invention operates independently as a stand-alone system that interfaces with a separate accounting system, credit card assignment system, or other components of an invoice payment system, or is integrated with other components of an accounting system.