Who can join OMAC?

We are seeking approximately five representative companies from each of eight Industry classifications. We are looking for payments/treasury professionals and marketing professionals.

These professionals will work in collaboration with us to create a new breed of BNPL designed by merchants, for merchants. By working in partnership, we will deliver a truly transformational BNPL platform providing an alternative and better payment method over cards and checks in the US.

Applications to join OMAC will be accepted from the following sectors* (based on the Global Industry Classification Standard [GICS]):

  1. Energy
  2. Consumer Discretionary
  3. Consumer Staples
  4. Healthcare – including Dental, Vision, Elective Procedures and Vet care.
  5. Information Technologies
  6. Communications Services
  7. Utilities
  8. Real Estate

Why are we forming OMAC?

There is a tectonic shift underway in the US payment ecosystem; Merchants and retailers lack control or significant influence on pricing, operational requirements, rule setting, payment solution design and liability.

Partnering with an emerging non-bank fintech, with no obligation to traditional payments providers, enables merchants and retailers to shape new products to meet their needs and the needs of their customers. The BNPL installment payment solution offers an excellent, perhaps optimal, platform upon which to build this future, better ecosystem.

What is the Opy Merchant Advisory Council (OMAC)?

Buy Now Pay Later (BNPL) is a fast growing, emerging payment method in the United States. This new payment solution offers both potential advantages and challenges for retailers / merchants and their customers.

Our vision is to build a true partnership with merchants and retailers, allowing them to reclaim the payments component of their relationship with their customers, and helping achieve four objectives:

  • Drive top-line sales
  • Enhance customer lifetime value
  • Optimize the cost/value of using BNPL as a ‘better than card’ payment acceptance method
  • Drive consumer loyalty