Cal-Bay International Inc (CBYI)

[re-actor]

I think this page provides a nice description of the card and its use, and also the process it uses to get the fundings to their bank-account:

[....] using a closed loop network, which is intended for use with Legal Dispensaries by way of an exclusive Cal-Bay Financial Services processing terminal which will allow a seamless transaction for the customer’s purchase and would further create a full report for the dispensary and transfer of funds from the point of sale to their US banking institution, additionally showing a full sales reporting operation to the tax collectors and at the same time legally processing the funds to the dispensary’s bank, as would a regularly operating business transacting with a merchant card processing account.

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 regular merchant processing networks are currently not available to the dispensaries due to the nature of the product, Cal-Bay’s state of the art system allows for the legal processing of transactions by the Dispensaries.

http://www.calbayco.com/technology/