“Green Dot will be the merchant of record that accepts credit and debit cards using Apple Pay to fund person-to-person money-sending transactions, Streit said, according to a SeekingAlpha.com transcript of the call. “Then when users receive money in Apple Pay cash, their money is securely kept in a Green Dot bank-issued Apple Pay cash account that is then available for the recipient to spend with Apple Pay in stores, in apps, and on the Web, or they can send it to someone else, or transfer to their bank account,” Streit said.”