Payments News

Green Dot Provides Some Details About its Role in the Upcoming Apple P2P Service

Aug 09, 2017

Prepaid specialist Green Dot Corp. released more details about its role in Apple Inc.’s upcoming person-to-person service in its Messages app.

Apple announced the new feature in June and is expected to make it available this fall with an update to its iOS software for iPhone and iPads. Pasadena, Calif.-based Green Dot is to be the program manager for a virtual prepaid card called the Apple Pay cash card.

During a conference call Tuesday to discuss Green Dot’s second-quarter results, Steven W. Streit, president and chief executive, shared more details about its role in the service.

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