Research on payment processing was recently released from Goldman Sachs. The investment bank expects growth from sources other than credit cards to power growth of electronic payments to 42.3% of worldwide personal consumption expenditures in 2012, up from 35% this year.

Growth in credit card processing will be slow due to the economy. Goldman predicts that U.S. credit card volume will fall to $1.225 trillion this year, down 11% from 2008’s $1.372 trillion. A further decline, to $1.211 trillion, is forecast for next year.

Debit card transactions will rise. In the U.S. debit volume will be $1.187 trillion this year and will exceed credit card volume in 2010, at $1.284 trillion, including signature and PIN debit payment processing transactions.

E-commerce volume globally will grown from $736 billion this year to about $1 trillion in 2012, the firm forecasts. Volume on prepaid cards will grow from $279 billion to $335 billion. And mobile payments will see volume climb rapidly, from $26 billion to $135 billion.

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