Exhibit 10.13

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR CERTAIN REDACTED PROVISIONS OFTHIS AGREEMENT. THE REDACTED PROVISIONS ARE INDICATED BY THREE ASTERISKSENCLOSED BY BRACKETS AND UNDERLINED. THE CONFIDENTIAL PORTIONS HAVE BEEN FILEDSEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

[Meta Payment SystemsLOGO]

A Division of MetaBank

2329 N. Career Avenue

Sioux Falls, SD 57107

P: 605-275-9555

F: 605-275-8270

www.metapay.com

August 30, 2004

Christopher Foley

Chief Financial Officer 

NBO Systems, Inc.

3676 W. California Ave., Bldg. D 

Salt Lake City, UT 84104-6515

 

Dear Christopher

This letter is to confirm the intent of Meta Payment Systems and NBO Systems.Inc. ("NBO") to enter into a Marketing Agreement, under which NBO shall design,market and distribute certain stored value or prepaid card programs issued byMeta Payment Systems.

Terms and conditions substantially similar to those in the attached Exhibit Ashall be set forth in a mutually acceptable final written agreement and executedby the parties. If a final agreement is not signed by September 15, 2004 theneither party, at its option, may terminate negotiations and neither party willhave an obligation to the other with regard to this transaction.

This is a letter of intent only. It is not intended to be, and shall notconstitute in any way a binding or legal agreement, or impose any legalobligation or duty on either NBO or Meta Payment Systems.

By signing below the parties acknowledge that the foregoing adequatelyreflects their mutual statement of intention.

 

| Meta Payments Systems  		
 NBO Systems, Inc.
By: /s/ [illegible]  		
 By: /s/ [illegible]
Title: President  		
 Title: CFO
Dates: 8/30/04  		
 Date: 8/30/04** 

Exhibit A to Letter of Intent Dated August 30, 2004 

PREPAID CARD PORTFOLIO**
NBO will pay to Meta Payment Systems (MPS) a share of interchange based onthe Monthly gross dollar volume (GDV) for signature-based transactions and,alternatively, transaction fees for PIN-based or ATM transactions. NBO agrees tominimums sponsorship fees of $2.500 per month beginning in January 2005. MPSwill pay to NBO commission on average monthly MetaBank deposits associated withthis portfolio. (See tables below for rates schedules).
*Prepaid Card Portfolio Interchange Share*Monthly GDV**MPS Share of Interchange*		First **[* * *]****[* * *]**		Amount over **[* * *]****[* * *]***Prepaid Card Portfolio Transaction Fees*Monthly Transaction Volume**PIN-based and ATM*		First **[* * *]** Transactions**[* * *]**		Transactions **[* * *]****[* * *]***Commission on Deposit*Average Monthly Portfolio Deposits**Rate base on % of Fed Funds Target Rate*		up to **[* * *]****[* * *]**		After **[* * *]****[* * *]****ADDITIONAL FEES** **FEE DESCRIPTION**		AMOUNT **[* * *]**  **[* * *]****[* * *]** **[* * *]****[* * *]** **[* * *]****[* * *]**    **[* * *]**  **[* * *]****[* * *]** 		- **[* * *]****[* * *]** **[* * *]****[* * *]**
_________________________________________
**[* * *]

[Initialed and Dated 8/30/04]**
BIN (as required)z** **
** [* * *]**
System (Association)		Transaction Fees   
 Pass Through**    

[* * *]**
Due Diligence Review on Third Parties(as required) Pass Through

-- Background checks

-- Dun & Bradstreet

Hourly Professional Services Fee **[* * *]**
-- Estimates provided upon	request

-- Fee applies to work associated	with but not limited to: 
**[* * *]-- See Exhibit B	for examples and estimates
**RISK AND INDEMNIFICATION**
MPS is indemnified by NBO Systems, Inc. from losses associated with under thefloor limit transactions, fraud loss, negative balances or other losses inviolation of the Cardholder Agreement or any relevant laws, ordinances orstatutes.
**INITIAL TERM**
The initial Agreement term is three years.
**ACH SERVICES**
MPS offers ACH origination services with the following pricing schedule:
**Standard Service Items****Fee****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****Monthly Transaction Volume** **[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]**
________________________________________
**[* * *].
**[Initialed and Dated 8/30/04]**
 

Exhibit B to Letter of Intent Dated August 30, 2004

The attached table outlines some, but not all Professional Services alongwith estimated timeframes and cost for standard requests. Estimates for unique,complex, or special services will be provided at NBO's request.
*Professional Service**Estimated Number of Hours**Estimated Cost***[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]**..**[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]****[* * *]********* |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|