The Network Branded Prepaid Card Association has published “Recommended Practices for Anti-Money Laundering Compliance for U.S.-based Prepaid Card Programs.” The association says the document will "assist in the industry’s response to reduce the potential for prepaid cards to be used for money laundering, financial crime or other illegal activity such as terrorist financing."   » Continue Reading

The Center for American Progress has published a new report titled "House of Cards" by Tim Westrich and Christian E. Weller. From the abstract: "As borrowing in the mortgage market slows, credit card borrowing is accelerating—a dangerous trend because borrowers still face weak income growth. That means the credit card market could eventually run into the same problems that now afflict the subprime mortgage market."   » Continue Reading

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• InformationWeek: People Prefer Shopping To Buying With Mobile Phones

We have received news of the following recent management changes:

• Heidi R. Goff has been named President and Managing Director, the Americas, for Hypercom.
• David Hunter, the former European MD of ClickandBuy, has joined paysafecard as UK CEO.