Kimberly Schmid Email & Phone Number

San Francisco, CA, US

• As a key member of the executive team, I provide strategic counsel to the CEO, executive team, and Board, ensuring alignment with state and federal laws and regulations. In addition to leading legal, compliance, and.
• Corporate Governance: Spearheaded implementation of robust governance practices and fine-tuned corporate secretarial duties.
• Policy Innovation: Developed and implemented AI policies, keeping the organization at the forefront of technological advancements. Enhanced antitrust policies and training programs, navigating complex collaboration.
• Data Governance: Established comprehensive information governance protocols, significantly improving data management and compliance. Implemented a record retention program and remediated legacy data issues.
• Contract Excellence: Successfully negotiated numerous high-value contracts, including large-scale data study agreements and IT services agreements.
• Regulatory Compliance: Provide expert compliance and regulatory counsel to various teams, ensuring adherence to critical laws and regulations.

San Francisco, CA, US

Delivered comprehensive legal support across diverse areas, including product and regulatory guidance, contract negotiation and drafting, litigation, employment, and intellectual property matters.

Foster City, California, US

Served as the lead product and commercial counsel for Visa’s token service, installment solution, and bill pay products. My role involved providing comprehensive legal, compliance, privacy, and regulatory advice to cross-functional teams throughout various product development stages, from design to commercialization. I negotiated commercial agreements with.

Foster City, California, US

• As Senior Counsel, I provided product guidance and advised on regulatory developments related to credit, debit, and prepaid card regulations, banking standards, interchange, routing, money transmission, open banking.
• Regulatory Guidance: Advised on regulatory developments related to various payment products and services.
• Innovation Enablement: Led the effort to obtain money transmission licenses for a Visa subsidiary, enabling the launch of a novel cross-border B2B payment solution.
• Regulatory Advocacy: Championed the development of regulatory positions and engaged with state and federal regulators, including the CFPB, OCC, FTC, and NY DFS, to advocate for Visa and payments ecosystem participants.
• Due Diligence: Provided legal and risk analysis in due diligence reviews for investments and acquisitions, including Visa’s proposed $5.3 billion acquisition of an open banking platform.

Austin, Texas, US

• Led a high-performing team, ensuring products and marketing adhered to federal and state regulations. Provided regulatory guidance on prepaid and debit cards, money transmission, electronic fund transfers, AML, KYC.
• Team Leadership: Built and managed a skilled legal team supporting product innovation and business growth objectives.
• CFPB Advocacy: Led internal reviews and responses to CFPB inquiries on overdraft and prepaid card programs, advocating for the company and orchestrating necessary program changes to comply with the CFPB's prepaid card.
• FTC Inquiry Resolution: Managed response to a multi-year investigation into legacy marketing and customer identification requirements, successfully resolving the matter by negotiating and implementing a consent order.
• Card Program Management: Directed team in the drafting and management of consumer card program terms and conditions and marketing collateral reviews.
• Risk Management: Identified and mitigated risks by collaborating with cross-functional teams to implement responsive policies and procedures.

Washington, DC, US

Atlanta, GA, US

Doctor Of Law (J.D.)

Bachelor Of Arts (B.A.), English