Tuesday, May 13, 2014

CBYI Introduces Inaugural USA Charge Card Processing System for Legally Licensed Marijuana Dispensaries

DENVER, May 13, 2014 /PRNewswire via COMTEX/ Cal-Bay International, Inc. (OTC Markets:CBYI) Cal-Bay International, today issued the following news release: Cal-Bay International today announced the company has reached agreement with an established USA merchant account processing company for the development and production of the CB Green Card , a Pre-Paid Gift Card & Loyalty Program under the Cal-Bay Financial Services division. This system allows for the processing of the CB Green Card through the dispensary CB terminal, for legally licensed Medical & Recreational Marijuana dispensaries using a similar type of platform used for leading Credit & Gift card processing networks. The majority of Legal dispensaries across the licensed states within the USA are denied the ability to process regular cards due to the unsure legalities attached to the sale of Marijuana products even in the licensed states. This restricts the purchase of the products to a cash-only operation, which has caused se
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