Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion

Bank of America’s first quarter results took note of continued use of digital channels in banking — and for payments, too.The bank recorded 3.4 billion digital logins; digital sales represented 50% of total sales, the company noted in its earnings supplementals.Digital households tallied by the banking firm came in at 748,000 in the quarter, at 86% of the installed base, up from 717,000 and 84% a year ago.Zelle numbers showed increased use of P2P payments, as volumes gained about 26% year on year to $106 bi ...