MINNEAPOLIS, Feb 15, 2011 (BUSINESS WIRE) --
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,
About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $308 billion in assets as of Dec. 31,
2010, is the parent company of U.S. Bank, the fifth largest commercial
bank in the United States. The company operates 3,069 banking offices in
25 states and 5,310 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. Visit U.S. Bancorp
on the web at www.usbank.com.
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SOURCE: U.S. Bank
Teri Charest, Media Relations, 612-303-0732