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
Our Partner is Kathy Tomasofsky.
Kathy Tomasofsky is an experienced operations and project management professional with more
than 20 years of experience in Insurance and Financial Services. Most recently, Ms. Tomasofsky
served as the Senior Director of Operations for the Network Branded Prepaid Association (NBPCA). In
this role, Ms. Tomasofsky provided management of the Association operations including event and
marketing planning, financial review, business development, and member communications. Ms.
Tomasofsky managed the Prepaid Financial Crimes Task Force (FCTF) and was the fraud liaison to
regulator and law enforcement agencies, as well as an Advisory Board Member of IAFCI.
Prior to joining Two Sparrows Consulting, Ms. Tomasofsky held various senior systems management level positions at
USF&G Insurance and First National Bank of Maryland. Ms. Tomasofsky was responsible for the development of a number
of Financial Systems; Accounting, Budget and Controls, Human Resources & Payroll, Investment Tracking Systems, Billing
and Payment systems. Her work covered all aspects of the System Development Life Cycle, including involvement in
re-engineering operations, training and education development and operational roll-outs.
Active in the community, Ms. Tomasofsky held elected office as a Member of the Montvale Board of Education (2002 To
2005) and served as the Chairperson of the Finance and Technology Committees during this period. She has also been a
volunteer coordinator/officer for the Cancer Society, regional dance studio productions, high school athletic booster club
activities, Girls Scouts, Montvale Athletic League and the Montvale PTO.
Ms. Tomasofsky earned an MS in Management Information Systems from the University of Baltimore and a BA in Business
Administration from Loyola College in Maryland. She holds a MAT degree from Fairleigh Dickinson College, in New Jersey
and has certifications in Project Management and Insurance.