The Federal Reserve's report on consumer credit for the first quarter shows revolving credit flat with no growth during the quarter ending at $805.8 billion. Non-revolving credit grew at an annual rate of 2-3/4 percent during the quarter.

Calling it "one of the year's most eagerly anticipated offerings", Grace Wong reports for CNN Money that MasterCard's upcoming initial public offering could be the year's biggest -- as the company expects to raise up to $2.6 billion.

This weekend we'll be closing the Payments News readers survey on attitudes regarding mobile payments and mobile banking that we began a couple of weeks back. If you've not yet taken the opportunity to express your views, please do so now - it only takes 5-10 minutes to complete the survey and just taking the survey might bring you some new insights into how mobile may affect banking and financial services.

We'll be sharing some of the results from the survey here on Payments News beginning early next week. Stay tuned!

Jennifer Kingson reports for the New York Times on high yield, online only savings accounts such as those offered by ING Direct, HSBC Direct, Emigrant Direct, Citibank Direct and others - and asks whether the banks offering those high rates can actually make a profit from doing so.

NetImperative takes a look at the UK's Virgin Mobile experience and predicts "an explosion is likely in the number of mobile virtual network operators (MVNOs) over the next ten years."

Coinstar has announced signing a definitive agreement to purchase Travelex Money Transfer Ltd. for approximately $27 million in cash. TMT is the third largest money transfer network in terms of agent locations and countries in which they do business. Currently TMT operates an agent network in over 17,000 locations in 138 countries.

Enid Burns reports for ClickZ on a study by Market Platform Dynamics where more than half the young consumers who participated said they feel the ability to use their mobile phones as a payment device is unnecessary.

• GE Consumer Finance and BRP Announce Program Extension; Revolving and Installment Consumer Financing Provided for BRP Buyers
• MagTek Receives “Technology Innovation Award” from the Electronic Transaction Association for Magneprint Card Authentication Technology
• American Banker: Internet 'Neutrality': An Issue For Banks?
• San Jose Mercury News: eBay discusses growth plans while keeping eye on Google
• S1 Marketing Center for Miser Helps Financial Institutions to Expand Cross Selling and Improve Results
• How a small business can start accepting credit cards
• Pittsburgh Post-Gazette: Debit card fraud grows - Use of check cards surging in popularity, but their use comes with a few caveats
• Compliance Newsflashes: CitiBank to Use VASCO Tokens for Business Clients, and more
• Q. What could a boarding pass tell an identity fraudster about you? A. Way too much