Biographical Summary

As Chief Innovation Officer of the Payment Services division of U.S. Bank, the fifth-largest commercial bank in the United States, Venturo oversees the development of new products, and sets the strategy for emerging innovations in payments. The Payment Services division includes 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, South America and Europe. Prior to assuming his current position in February 2011, Venturo was Chief Innovation Officer for Retail Payment Services, a business within the Payments Services division. Venturo joined U.S. Bancorp in 1999 after holding various executive positions with Bank of America and Security Pacific Bank in Oregon. At U.S. Bancorp, Venturo has held various senior management positions in product development, management and marketing. All told, Venturo has more than 20 years of experience in product development and management, commercial risk management, commercial lending and sales management.