Prepaid card issuer Meta Financial reported net income of $2.4 million for the quarter ending June 30th, compared to net income of nearly $2.5 million for 2Q/06. Meta Payment Systems recorded net income of $369,000 for the quarter, compared to $2.6 million for the same period last year. The 2006 period included non-recurring pre-tax income of $2.57 million related to a purchased portfolio of prepaid debit cards. Non-interest expense for the quarter was $9.7 million, which represents an increase of $2.80 million from the same quarter in 2006. The bulk of the increase occurred in compensation and card processing expense and was primarily the result of continued growth in the MPS division. During the quarter, Meta Financial has named Scott Galit, formally a SVP of Global Prepaid Products at MasterCard, as EVP of Meta Payment Systems. For complete details on Meta Financial’s performance visit CardData ([www.carddata.com]).