Share this article BERKELEY, Calif., Feb. 11, 2021 /PRNewswire/ -- Jiko today announced that it has processed a massive $4.7 million debit card transaction as part of its newly launched Debit Cards Cashback Rewards Program. A tax payment to the IRS made with a Jiko Debit Card, this single transaction resulted in $47,000 cash back to the customer, deposited directly into the customer's account for immediate spending. The Jiko app and debit card with cashback Jiko replaces bank deposits with fluid government-backed Treasury Bill investments, which can be spent in real time by customers via debit transactions. Jiko's Debit Card Cashback Rewards Program passes the interchange income -- income usually kept by banks -- back to the customer in the form of 1% cash back on