The CashBox DEBIT Card is a Virtual Mobile Debit Card, combining the best of two worlds, Closed Loop, peer- to-peer (P2P), real time payments, and Open Loop payments. The CashBox DEBIT Card also bridges the gap between traditional banking, internet commerce, digital currencies and the cash economy.
The CashBox DEBIT Cards utilizes the cardholder’s cellphone number, as the New Way to Pay, thus providing the most security and privacy, as no social security number, or bank account is needed to establish a CashBox DEBIT Card. Chargebacks and disputes are eliminated as each payment must be authorized individually via a text message.