ATLANTA (February 24, 2016) – Media Payments Inc., a new automated payment system for advertisement buying, today announced the appointment of Jim Hughes to Chief Executive Officer. Hughes joins Media Payments Inc. after thirty years in the media sales business with Cox Media Group subsidiary TeleRep Inc., representing the largest media owners in the industry.
“I’m thrilled to lead such a groundbreaking company and help usher the media buying industry into the next era,” said Hughes. “We have an incredible team behind MPI, made up of industry-leading technology experts with billions of dollars of experience in the payment industry, and an innovative, patent-pending payment processing system never before seen. As a media seller with thirty years of experience, I recognized immediately the enormous value this brings to the industry.”
Launched in late 2015, Media Payments Inc. is a payments company custom built by buyers and sellers, utilizing brand new, next-level proprietary technologies to efficiently process payments in a secure, faster, and reliable way. For buyers, they will benefit from quicker payment acceptance, no credit limits, timely reporting, and easier bank reconciliation. Media sellers will receive payment faster and more securely, with streamlined servicing and real-time notification. As CEO, Hughes will oversee overall operations and manage customer satisfaction.
“Having spent the last seven years as President and General Manager of the leading national spot sales representative, I am especially aware of the need for a 21st century approach to broadcasting bill payments. I’m not the only one. We already have hundreds of millions of dollars of political advertising locked for this election cycle,” said Hughes. “Although our platform is new, people already recognize the critical need it fills, acting as a system for buyers, sellers and payers to coalesce under one umbrella. We look forward to this system leading a revolution in the industry.”
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About Media Payments Inc.
MPI is more than just a payments company. Leveraging proprietary technology, MPI Portal software enables media buyers to facilitate electronic payment and payment remittance to stations and station groups faster and more secure than ever before. For additional information, visit www.mediapaymentsinc.com.
The Herald Group