BofA Introduces Zelle Widget To Help Veil Account Details For P2P Transfers – Digital Transactions

To make it easier for customers to send money using Zelle, the leading peer-to-peer payment network operated by Early Warning Services LLC, Bank of America Corp. has developed a Zelle widget which can be added to the home screen of a mobile device. The widget will direct BofA customers directly to the Zelle app without showing account details at any time. This provides increased security and privacy when paying with Zelle, according to the bank.

“We are always looking for innovations that provide a convenient, secure and transparent customer experience while allowing them to remain in control of their information,” said Julie Harris, Chief Digital Officer of Bank of America, Global Banking Services and Head of Payments. digital, in a press release. e-mail. “The Zelle widget makes sending money even easier because it’s right on your home screen and customers can quickly click to send or request money securely. “

Bank of America has 15.1 million customers using Zelle, which is a third of all Zelle users, according to BofA. During the third quarter of 2021, BofA’s Zelle users sent and received 202 million transfers totaling $ 60 billion. Now, the introduction of the widget during the holiday shopping season will make it easier for customers to send or request money through Zelle for gifts, family reunions and potential travel during this time, according to the bank. .

The widget is the latest technology introduced for use with the rapidly growing Zelle service. Early Warning Services, co-owned by Bank of America, along with BB&T, Capital One, JPMorgan Chase, PNC Bank, US Bank and Wells Fargo, reported Zelle processed $ 127 billion out of 466 million transactions during the third quarter. Overall, the dollar value of payments sent in the quarter increased 51% compared to the same period a year ago and payment transactions increased 44%.