Schulz is responsible for the strategic direction and management of Visa's global electronic commerce business as well as driving the card giant's product innovation strategy.

Her team leads key initiatives advancing e-commerce and innovation in payments including by Visa – an alternative payment method for online and mobile commerce, allowing payments from Visa and other brands' card accounts

Previously, Schulz led Visa's global and U.S. consumer credit product platforms, where she was responsible for the operation and performance of Visa's consumer credit product suite – including Visa Traditional, Visa Traditional Rewards, Visa Signature and Visa Signature Preferred. Her team managed the development of consumer credit products and initiatives, as well as provided issuer consulting services.

Looking ahead five years, from a consumer perspective the biggest change on a global scale will be increased use of mobile devices, Schulz says. "The rate of adoption will vary by geography, but we will have seen significant global adoption," she says.

From a network perspective, she predicts the biggest change will be new partnerships between established payment networks like Visa with governments and with nontraditional payment players. Such partnerships will focus on serving new groups of consumers who traditionally don't carry network cards.

Schulz, who was most recently CEO of Verifi Inc., a Beverly Hills, Calif.-based payment and fraud management company, likes to describe her career as a "series of fortunate events."

"I didn't have a grand plan when I graduated from college but I have always worked hard and stepped up when opportunities presented themselves," she says. "I also truly believe that a career isn't made up of a single good decision – it's a series of good, and sometimes not so good, decisions. Hopefully 'the best career decision I ever made' is still ahead of me."

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