Paul Tomasofsky

North American Banking Company Hires Payments Industry Veteran Paul Tomasofsky to Head Merchant Payments Group

Paul Tomasofsky

Roseville, Minnesota (April 12, 2021) –North American Banking Company, headquartered in Roseville, Minnesota has hired Paul Tomasofsky to head its merchant payments group.

Tomasofsky previously consulted for North American Banking Company as the president of Two Sparrows Consulting and will report to Todd Lovaas, Executive Vice President and his title will be Senior Vice President, Merchant Payments General Manager.

Tomasofsky was the founder and president of Two Sparrows Consulting, an independent payment consultancy established in 2003.  In addition, Paul was the founder and executive director of the Secure Remote Payment Council as well as the executive director of the Debit Network Alliance.  He was also a partner in McGovern Smith Advisors. In remarks discussing his decision to join North American Banking Company, Tomasofsky said “I’ve always been impressed with North American Banking Company’s approach to doing business.  Even though they are a relatively small commercial bank in many traditional measurements they punch above their weight in payments processing.  I am honored to join the excellent team already in place in the payments group and look forward to contributing to the group’s future success.”

Paul’s past industry contributions include Federal Reserve Faster Payments Task Force member; 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); US Faster Payments Council member; 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 member 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; Planning Committee member for BAI Consumer Payments’ Strategies Conference; Planning Committee member for BAI Payments Connect Conference; Maverick Network Solutions, Inc. member of Board of Directors.

“Paul is a well-known payments industry expert and brings a wealth of knowledge and expertise to the North American Banking Company team.  I am pleased to welcome him aboard,” remarked Michael Bilski, Chairman and CEO.  “With Paul, we have a visionary leader who will ensure we are able to achieve our goals as an organization.”

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