We are Two Sparrows Consulting, LLC, an electronic payments consulting firm. From strategy to product development to
operational excellence to training to project management to M&A support, we are a complete source for every type of retail
payments related management consulting.
Our customers include First Data Corporation, VISA, Moneygram International, PULSE EFT Association, MasterCard
International, HSBC, Port Authority of New York and New Jersey, Online Resources Corporation, The US Treasury's Financial
Management Service, Shazam, Globecon, ICBA, Fidelity Information Services (FIS), Pay-O-Matic, Solutran, QS/1, Synovus,
Bancorp Bank, The ClearingHouse, Velocity Solutions, Inc., NACHA, BITS, the Network Branded Prepaid Card Association, the
Secure Remote Payment Council, the Wisconsin Automated Clearinghouse Association, and the Upper Midwest
Our mission statement is a simple one; provide our customers with ease of mind as they compete to maximize shareholder
returns in the competitive retail payments arena.
Our company was started in March, 2003 by our founder and President, Paul Tomasofsky. We are young at heart but well-
experienced in the changing world of payments.
Two Sparrows Consulting Management
Earlier, he was Vice President of Advanced Products for NYCE, responsible for developing emerging products including
SafeDebit, an Internet PINned debit payment product.
In the mid 90s, Mr. Tomasofsky was Director of Implementations for Visa Interactive, where he was a pioneer in remote
banking and electronic bill pay delivery. At the beginning of his career, he managed a national merchant credit card acquiring
portfolio and introduced one the earliest offline debit card programs, both for First National Bank of Maryland.
Mr. Tomasofsky is also President and Executive Director of the Secure Remote Payment Council and the former Executive Vice
President and Chief Operating Officer of the Network Branded Prepaid Card Association. He is often quoted in industry and
general publications and is a frequent speaker on retail payment delivery topics. Mr. Tomasofsky has an MBA from Loyola
College in Maryland and a BA with Honors in Economics from the Pennsylvania State University.
Mr. Tomasofsky’s present or past industry positions include:
• US Treasury Dept.’s FinCEN Bank Secrecy Act Advisory Group (BSAAG) Plenary Member
• Roundtable participant of The Federal Reserve System’s Payments System Policy Advisory Committee (PSPAC)
• Executive Director, Network Branded Prepaid Card Association
• EFTA Board of Directors
• NACHA Internet Council Officer
• Board of Regents for NACHA’s The Payments Institute
• Advisory Committee of BAI’s Graduate School of Operations and Payments
• Planning Committee member for NACHA Annual Conference
• Track Chairperson for Prepaid Card Expo
• Track Chairperson for Sourcemedia’s Debit Card Forum
• Chairperson of Bankerstuff’s Emerging Payments Virtual Conference
• Maverick Network Solutions, Inc. member of Board of Directors
• President, Secure Remote Payment Council
|Our founder and President is Paul Tomasofsky.
Mr. Tomasofsky is a seasoned payment systems executive with 30 years experience in retail financial
services including credit card acquiring, debit card issuing and acquiring, ATM management, ACH and
Internet payments, and check truncation. He is also experienced in mergers and acquisitions with an
emphasis on business development efforts in regard to electronic payment companies.
Before founding Two Sparrows Consulting, Mr. Tomasofsky was Vice President of Strategic Business
Development for NYCE Corporation, Montvale, NJ. There, he was responsible for engaging other
payment companies in alliances, strategic partnerships, and acquisitions.
Two Sparrows Consulting