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US Bank names Venturo chief innovation officer for payment services

16 February 2011  |  2781 views  |  0 Source: US Bank

U.S. Bank has promoted Dominic Venturo to the position of chief innovation officer for the company's payment services division. Previously, he was chief innovation officer for retail payment services, a business within the payments services division.

Venturo and his team will continue to identify business opportunities and emerging technologies that meet customer needs as customers understand them today or how they envision them in the future. His team's work will broaden from retail payments, used by consumers and small businesses, to include innovation for larger businesses and targeted business sectors in the United States and internationally and will establish capabilities supporting mobile payments for the bank.

"Our retail payment services innovation team has built an extremely successful model for capturing and delivering innovation to our customers and employees," said Pam Joseph, vice chairman of U.S. Bancorp and head of the payment services division. "U.S. Bank has become a key industry player on the leading edge of payments technologies, and I am delighted that he and his team will apply that successful model across all of our payment services business."

U.S. Bank Payment Services comprises a vast array of payments and processing services for individuals, businesses and institutions of all sizes that use or accept credit, debit or prepaid cards and electronic checks. Its customers are found throughout North America and Europe.

Venturo has been with U.S. Bank for 12 years. Prior to his role as chief innovation officer for retail payments, Venturo held various senior management positions in the payments businesses in which he was responsible for product development, management and marketing.

Venturo earned a bachelor's degree in finance from Oregon State University and is a graduate of the Pacific Coast Banking School at the University of Washington Graduate School of Banking. He lives in Woodbury, Minn., and is based in U.S. Bancorp's headquarters city, Minneapolis.

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