OPER

OPER Pay, founded in March 2015 by CEO David Laiderman, offers a payment processing and technology platform tailored for the food & beverage and retail sectors. Laiderman, a serial entrepreneur, began developing restaurant technology in the early 2000s and has since founded and sold several companies in the advertising and food delivery space, including YNot Advertising and College Advertising Solutions. This extensive background in restaurant-focused technology underpins OPER's strategic direction.

The company's core offering is a comprehensive suite designed to centralize and streamline operations for brick-and-mortar businesses. This suite includes tools for mobile ordering, payments, customer rewards programs, and on-demand server communication, all managed through a proprietary admin studio. A key feature of OPER's platform is its agnostic approach to point-of-sale (POS) systems and merchant processors, allowing for seamless integration with a merchant's existing infrastructure. The platform, through its OrderEx product, facilitates the integration of these various technology solutions.

OPER's business model generates revenue primarily through membership fees and a proprietary mobile advertising service described as "Hyper Targeted Geo Fenced Mobile Advertising." The company also presents a unique value proposition to merchants by offering a rebate program with the potential to eliminate their credit card processing fees. For consumers, the platform offers a centralized rewards account where they can earn 10% back on every purchase. In March 2022, OPER Pay announced a strategic partnership with Chatsworth Securities LLC to gain expanded access to capital and new business opportunities, focusing on leveraging Chatsworth's network in the digital payments and analytics space.

Keywords: payment processing, restaurant technology, mobile ordering, customer loyalty, POS integration, merchant services, retail tech, mobile payments, OrderEx, David Laiderman