U.S. debit volume rose 15.4%, which more than offset a 1.1% decline in credit volume.
The volume of credit card payments grew 15 percent, while debit card payment volume was up 7 percent.
Home-equity and installment loans are increasing, and credit-card volume grew because of "better-than-expected spending, " Mr. Kim added.
But lower rates make lenders less willing to play their part, and that tends to reduce the volume of credit.
Some worry about the increased activity of hedge funds which, lured by the yield on illiquid, complicated instruments, make up as much as 70% of trading volume in credit derivatives, by some counts.
In fact, volume of international credit and debit payments grew 8% and 23%, respectively.
IMF, the volume of domestic credit is huge, and much of it is turning bad.
That due diligence did not take place, and instead, defendants were more concerned with getting high volumes of loans from mortgage originators who were rewarded by Credit Suisse based on loan volume, the complaint says.
FORBES: NY AG Strikes Again, Sues Credit Suisse On Mortgage Securities Fraud
In total lending, that is largely unchanged from 2009, when China's banks led a massive expansion of credit roughly doubling the volume of new loans from a year earlier as part of a stimulus program to keep the economy humming during the global financial crisis.
That is the same reason that I try to give Joe Granville credit in my articles about on balance volume or Welles Wilder when I talk about the RSI or ADX.
Debit cards have gained market share in aggregate transaction volume at the expense of credit cards since they offer similar payment convenience and rewards benefits without the interest due on outstanding balances that is typical of credit cards.
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But by volume, however, cheques and credit cards account for 98% of transactions.
My buddy who owns a string of McDonald's restaurants notes that credit card sales account for 16% of store volume, an unusually high ratio.
Credit rating agency Moody believes that Las Vegas visitor volume, which grew 2.7% to over 37 million visitors in 2010, will continue its slow climb in 2011.
My favorite volume tool, of course, is the on-balance volume (OBV) and I frequently give credit to its creator, Joe Granville.
Credit cards still make up just over half of Visa's annual volume, but in the past five years that business has grown at a 7% annual clip versus 42% for debit cards.
One theory is that the exchange-rate movements were so abrupt because currency dealers find it hard to raise credit, just like everyone else, and that this has cut the volume of transactions.
This is why large companies strongly prefer to buy hundreds or thousands of apps at a time via a volume software license that is paid for via purchase order, not credit card.
One big credit-card company we work with does nearly 35 percent of its annual dollar volume and 20 percent of its total transaction volume this time of year.
In the financial sector, despite weak trading volume in Q2, results are likely to top consensus expectations on improving credit quality and large releases from loan loss reserves.
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Credit also was used to buy stocks on margin, greatly increasing the market's volume and volatility.
U.S. payments volume, a measure of the total dollar amount of transactions made with debit and credit cards, fell by three percent in April and remained flat over the first four weeks of May compared with last year.
Dan Mathisson of Credit Suisse Securities, which he describes as the largest U.S. broker-dealer by volume traded, the top broker in algorithmic trading, and the largest U.S. alternative trading system, says the proposal as now creates a dangerous situation because it only applies to trading between 9:45 a.m. and 3:45 p.m.
While the interchange fee varies depending upon the volume of the retail outlet, retailers still have to pay the banks approximately 2% of any credit card transaction, including tax.
FORBES: Will Debit Fees Push Consumers Back To Credit Cards?
Average daily trading volume in May alone was 7% lower than the first quarter in commodities and 14% lower in credit.
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Far more common--but still damaging--are the high-volume crime spikes, spam e-mail distribution and "phishing, " a pernicious technique for stealing credit-card information. (For more on online scams, check out "Where The Scammers Are".) The carnage is hard to pin down in dollar terms, but Marcus Ranum, chief security officer of Tenable Security, says it's "billions upon billions"--far more than all "major" hacking incidents combined.
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