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By the use of Banach's fixed point theorem the existence of a unique solution \\(u \\overline {\\in} L^ 2\\) of (*) in the ball \\(B_ c := \\{w \\overline{\\in} L^ 2 : \\| w\\|_ 2 \\leq c\\}\\) with \\(c\\) sufficiently small is proven.   The solution is approximated by finite series of Walsh-functions (special orthonormal functions). This approximated solution is obtained by projecting relation (*) onto a finite-dimensional span of Walsh-functions and applying the usual iteration method on this equation. This is the method of \\textit{M. S. Corrington} [A solution of differential and integral equations with Walsh functions. IEEE Trans. Circuit Theory, CT-20, No. 5, 470-476 (1973)]. Error estimates for the approximated solution are derived on certain regularity conditions.   [Remark: (1) The fixed point theorem of Banach implies existence and uniqueness of the solution. Therefore, the proof of the uniqueness in Theorem 1 is superfluous. (2) A linear Volterra integral equation with a continuous kernel has no characteristic value. 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