Setup of Payment Processor from Configuration Checklist fails

Upon clicking on the "Payment Processor" link in the configuration checklist ( "Administer ... Administration Console ... Configuration Checklist )

(Full URL is http://mygroup.org/civicrm/admin/paymentProcessor?action=add&reset=1&pp=PayPal&civicrmDestination=%2Fcivicrm%2Fadmin%2Fconfigtask%3Freset%3D1 )

I get the following stack trace and error:
#0 /home/dev17/public_html/sites/all/modules/civicrm/CRM/Core/Error.php(307): CRM_Core_Error::backtrace()
#1 /home/dev17/public_html/sites/all/modules/civicrm/CRM/Admin/Form/PaymentProcessor.php(81): CRM_Core_Error::fatal("Could not find payment processor meta information")
#2 /home/dev17/public_html/sites/all/modules/civicrm/CRM/Core/Form.php(336): CRM_Admin_Form_PaymentProcessor->preProcess()
#3 /home/dev17/public_html/sites/all/modules/civicrm/CRM/Core/QuickForm/Action/Display.php(93): CRM_Core_Form->buildForm()
#4 /home/dev17/public_html/sites/all/modules/civicrm/packages/HTML/QuickForm/Controller.php(203): CRM_Core_QuickForm_Action_Display->perform(Object(CRM_Admin_Form_PaymentProcessor), "display")
#5 /home/dev17/public_html/sites/all/modules/civicrm/packages/HTML/QuickForm/Page.php(103): HTML_QuickForm_Controller->handle(Object(CRM_Admin_Form_PaymentProcessor), "display")
#6 /home/dev17/public_html/sites/all/modules/civicrm/CRM/Core/Controller.php(316): HTML_QuickForm_Page->handle("display")
#7 /home/dev17/public_html/sites/all/modules/civicrm/CRM/Core/Page/Basic.php(374): CRM_Core_Controller->run()
#8 /home/dev17/public_html/sites/all/modules/civicrm/CRM/Core/Page/Basic.php(178): CRM_Core_Page_Basic->edit(1, NULL)
#9 /home/dev17/public_html/sites/all/modules/civicrm/CRM/Admin/Page/PaymentProcessor.php(115): CRM_Core_Page_Basic->run()
#10 /home/dev17/public_html/sites/all/modules/civicrm/CRM/Core/Invoke.php(293): CRM_Admin_Page_PaymentProcessor->run((Array:3), NULL)
#11 /home/dev17/public_html/sites/all/modules/civicrm/CRM/Core/Invoke.php(70): CRM_Core_Invoke::runItem((Array:13))
#12 /home/dev17/public_html/sites/all/modules/civicrm/CRM/Core/Invoke.php(52): CRM_Core_Invoke::_invoke((Array:3))
#13 /home/dev17/public_html/sites/all/modules/civicrm/drupal/civicrm.module(382): CRM_Core_Invoke::invoke((Array:3))
#14 [internal function](): civicrm_invoke("admin", "paymentProcessor")
#15 /home/dev17/public_html/includes/menu.inc(348): call_user_func_array("civicrm_invoke", (Array:2))
#16 /home/dev17/public_html/index.php(18): menu_execute_active_handler()
#17

{main}