Schulz succeeds the company's entrepreneurial founder Matthew Katz, who will remain an active part of the company as Verifi's Chairman.

Schulz joined Verifi in April, 2008 as Verifi's Chief Operating Officer. Earlier, Schulz held numerous management positions with Visa, Inc. including service as Global Head of Consumer Credit where she was responsible for the growth and overall health of Visa's credit business. She joined Visa following a distinguished career with Diamond Management & Technology Consultants, Inc.

As CEO, Schulz will oversee Verifi's continued transformation from a successful startup into the premier provider of transaction risk management, risk mitigation, business optimization strategies, refund controls, Verified by Visa (VbV) and MasterCard SecureCode (MCSC) cardholder authentication, and chargeback representment for merchants. She will also manage the continued growth of Verifi's Cardholder Dispute Resolution Network (CDRN) service enabling Card Issuers to connect to Merchant Businesses for more efficient management of the dispute resolution process.

"Jennifer has been leading the strategic direction and daily operations of Verifi for the past year. With her broad range of payments industry expertise and proven ability to run the company, she is uniquely qualified for this critical position," said Matthew Katz, Chairman of Verifi.

"Verifi has evolved from its chargeback processing beginnings into a leading provider of risk management and value-added processing services. The position of CEO provides me a tremendous opportunity to continue contributing to Verifi's growth," Schulz said. "I am confident that Verifi's world-class employees, competitive strategy, innovative services, and unique product offering will lead to continued value for our clients and success for the company."

Verifi provides Merchants, Acquirers, and Issuing Banks the tools they need to reduce risk and increase profitability. Using proprietary and industry applications, Verifi supports the creation of a safe and secure payment environment for all participants.