Altered [Banking] States: U.S. Bank Style.

Gadgets and features are one thing, but you need a cohesive approach to technology to provide benefits to consumers, merchants and issuers. U.S Bank’s innovation guru Dominic Venturo offers his firm’s plan.

Dominic Venturo
Chief Information Officer, U.S. Bank Payment Services

Dominic Venturo is chief innovation officer for U.S. Bank Payment Services. In this role, he leads a team of visionaries who see potential in emerging technology or business models and adapt those to fit customer needs as they understand them today or how they envision them in the future. Mr. Venturo’s team develops new products, sets the strategy for emerging innovations in payments and creates the environment within the bank through which these innovations are tested, adjusted and brought to market.

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, South America and Europe.

Mr. Venturo has been featured as a keynote speaker at a number of industry conferences and has been recognized by Twin Cities Business Magazine as one of “200 Minnesotans You Should Know” (2011), “Bank Technology News as “Mobile Banker of the Year” (2011) and as “Top 10 Innovator” (2009) and by Paybefore Magazine as a “Top 5 Innovator” (2011).

Prior to his current position, Mr. Venturo held various positions including chief innovation officer for U.S. Bank Retail Payment Solutions, senior vice president of product and marketing office for U.S. Bank Transaction Services, senior vice president of product management for U.S. Bank Merchant Payment Systems and senior vice president of consumer cards and lines in U.S. Bank Retail Payment Systems. In these roles, he was responsible for product development, management and marketing.

Mr. Venturo’s extensive financial services background includes 23 years of experience in product development and management, commercial risk management, commercial lending and sales management. He has been with U.S. Bank for 13 years.

Mr. Venturo is currently serving on the board of directors of the Minnesota Community and Technical College Foundation.

Mr. 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.