A couple of tips: If the brides parents are hosting, its customary to leave off the brides last name. But in the case of a bride having a different last name than her parents, her full name should be used. If the grooms parents are involved, the brides last name should be included. In its simplest form, this is the standard wording template.
A photo album is more of a personal choice rather than a ‘must have’ these days. All the weddings I have photographed have wanted digital delivery so that they can print the photos at a later stage or make their own book/album if they ever want it. We live in a world now where 99% of our photos are on our phone and computers rather than in albums or frames. From a photographers view, it’s easier to not produce an album as the process can be very time consuming. It can also be frustrating for the couple, having to wait for the album to be finished.
List the brides parents and grooms parents on separate lines, starting with the brides. Since both last names are included in the greeting, you don’t need to use either the bride’s or grooms last name. Of course, the same exception we mentioned above would apply here if either the bride or groom has a different last name than their parents. In that case, list out the full bride’s or groom’s name, in addition to the full names of the parents.