Paul Tomasofsky

Paul Tomasofsky is Senior Vice President, Merchant Payments General Manager at North American Banking Company (https://www.nabankco.com ) involved with managing payments products. Paul is a seasoned payment systems executive with over forty years’ experience in retail financial services including bill payment, electronic invoice presentment, credit card acquiring, debit card issuing and acquiring, instant payments, ATM management, ACH, eCommerce payments, EMV and check truncation to name a few. Paul currently serves on the NACHA Risk Management Advisory Group.

Prior to joining North American Banking Company, Paul was a partner with the payments consulting firm, McGovern Smith Advisors from 2014 to 2021. McGovern Smith Advisors is a leading payments industry advisory firm whose goal is to combine unsurpassed industry knowledge and experience with deep

understanding of the payments industry in order to assist clients in solving their most difficult and challenging business and government relations issues.

Paul was the founding president of the Secure Remote Payment Council from 2009 to 2021. He was responsible for helping the organization fulfill its mission of supporting the growth, development and market adoption of debit based internet eCommerce and mobile channel payment methods that meet or exceed the security standards for pinned based card present payments.

Paul was the president of Two Sparrows Consulting from 2003 to 2021. Two Sparrows Consulting advised numerous industry leading firms including First Data, NACHA, PULSE, SHAZAM, UNIONPAY, MoneyGram, HSBC, Fifth Third Bank, The Port Authority of New York/New Jersey, BITS, NBPCA, Q/S1 Data Systems, Bancorp Bank, The Clearing House, NYCE, VISA and MasterCard. It specialized in strategic planning, business development, management consulting, training, competitive analysis, and product development.

Paul served as the Executive Director of the Debit Network Alliance from 2013 to 2021. Debit Network Alliance LLC (DNA)
was owned by 10 U.S. Debit Networks, founded in December 2013. The goal of this collaborative effort was to provide interoperable adoption of chip technology for debit payments, while supporting security, innovation, and optimal technology choice.