Velveeta Shreds Shredded Cheese Pepper Jack Flavor. Shredded pasteurized prepared cheese product with jalapeno peppers. Recloseable. Recipe ideas on back! Top your favorite recipe with smooth & creamy Velveeta. Taco Bell® and Home Originals® are trademarks owned and licensed by Taco Bell Corp. 1-800-634-1984. Kraftfoods.com.