CAPITAL Corporate News

Meta Payment Systems Selects CAPITAL as Card Servicing Partner
June 15, 2005

SIOUX FALLS, SD, August 23, 2005 - CAPITAL Card Services, Inc. (CAPITAL), a leader in portfolio management and card outsourcing solutions, today announced that it has signed a multi-year agreement with MetaBank’s Meta Payment Systems (MPS) division. Under the terms of the agreement, CAPITAL will provide account servicing for MPS’s national credit card and stored-value card programs.

"We looked for a servicing partner who understands the challenges we face in the marketplace and who can work with us to find strategic solutions. We are confident that our relationship with CAPITAL will afford us those opportunities," said Brad Hanson, MPS President.

Meta Payment Systems provides payment solutions for banks, card processors and third-party distributors.

"We are extremely excited about providing top-notch service to Meta Payment Systems' card programs," said Jeffrey J. Aegerter, President and CEO for CAPITAL. “They have a great deal of trust in us and we are very much looking forward to exceeding their expectations.”

CAPITAL will provide customer contact and product development support for Meta Payment Systems. The company intends to support this new business relationship with additional staff at both its Sioux Falls and Brookings sites in South Dakota.

About Meta Payment Systems
Meta Payment Systems, a division of MetaBank, offers card issuing and program support to banks, processors, and third-party distributors seeking to develop, market and manage stored-value cards. Meta Financial Group, Inc. (NASDAQ NM: CASH) is the holding company for MetaBank. For more information, call (605) 275-8052, or visit http://www.metacash.com.