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Bank of America Zelle Transactions Surpass $4 Billion in Third Quarter
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Bank of America Zelle Transactions Surpass $4 Billion in Third Quarter

Bank of America Zelle Transactions Surpass $4 Billion in Third Quarter

Fintech Nexus Staff·
FintechNews RoundupUSA
·Oct. 17, 2017·1 min read

Person to person payments growth was about 67% and accounted for 13.6 million transactions; According to CEO Brian Moynihan the bank processed half a billion dollars in a single week; other banks including Wells Fargo are also reporting increases in person to person payments; Bank of America is also planning to release a mobile offering for auto and home loans along with its AI assistant; Bank of America spent $2.25 billion on tech initiatives in the first nine months of 2017. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

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