UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    FORM 8-K

                                 CURRENT REPORT
                       Pursuant to Section 13 OR 15(d) of
                       the Securities Exchange Act of 1934


       Date of Report (Date of earliest reported event):  December 8, 2003


                     Internet Business's International, Inc.
             (Exact name of registrant as specified in its charter)


          Nevada                      0-20259                    33-0845463
(State or other jurisdiction        (Commission                (IRS Employer
of  incorporation)                  File  Number)           Identification  No.)


                        2250 East Tropicana, Suite 19-309
                             Las Vegas, Nevada 89119

               (Address of principal executive offices)  (Zip Code)

                                 (775) 588-2387
               Registrant's telephone number, including area code

                                      None
          (Former name or former address, if changed since last report)




ITEM  5.  OTHER  INFORMATION.

On  December  8,  2003, Internet Business's International, Inc. ("IBII") entered
into an Asset Purchase Agreement with Debit Card Marketing Company, Inc. ("DCM")
pursuant  to  which IBII would purchase from DCM, the Anonymous Debit Cash Card,
the Chex First agreement, the Senior Plan agreement, DCME stock and other assets
of  DCM  (collectively  referred  to as the "Assets") in exchange for 60,000,000
shares  of  Global  Debit  Cash  Card  restricted  common  stock.

The  Asset  Purchase  Agreement  is  filed  herewith  as  Exhibit  99.1, and the
description contained herein of the Asset Purchase Agreement is qualified in its
entirety  by  reference  to  such  exhibit.

ITEM  7.  FINANCIAL  STATEMENTS  AND  EXHIBITS

(c)     Exhibits

Exhibit  No.     Description

99.1             Asset Purchase Agreement dated December 8, 2003 by and between
                 Internet Business International, Inc. and Debit Card Marketing
                 Company,  Inc.

Exhibits  to the Asset Purchase Agreement have not been filed with this Form 8-K
as  the  Company  does  not believe that such exhibits would contain information
material  to an investment decision that is not otherwise disclosed. The Company
hereby  agrees  to  furnish  a copy of any omitted exhibit to the Securities and
Exchange  Commission  upon  its  request.


                                    SIGNATURE

Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  hereunto  duly  authorized.

                                           INTERNET BUSINESS INTERNATIONAL, INC.


Date:  February  25,  2004                 By:  /s/Albert  R.  Reda
                                           Albert  R.  Reda
                                           Chief  Executive  Officer


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