According to
Bloomberg's Businessweek, American Express has hired Laura Kelly, former EVP of Global Prepaid Debit at MasterCard:
American Express has hired a former MasterCard executive to head up product development and identify new growth opportunities as the credit card issuer looks to expand its business and reach new demographics. Laura Kelly, former executive vice president of global prepaid debit cards at MasterCard, will join Amex on May 16. Kelly's background in prepaid cards is a plus for Amex. Although still a relatively young market, prepaid cards are growing rapidly. An estimated $37 billion was loaded onto prepaid cards last year, double the $18 billion in 2009, and more than four times the $9 billion total of 2008. <>
