Stephen Middlebrook Esq. Joins FSV Payment Systems as General Counsel

Houston, Texas - May 16, 2011 - FSV Payment Systems, Inc., a leading provider of network branded prepaid debit card products and processing services, today announced Stephen T. Middlebrook has joined FSV as General Counsel.
Middlebrook comes to FSV from the U.S. Department of the Treasury, where he served as Senior Counsel, Financial Management Service. In that role, he provided legal advice for a variety of e-commerce initiatives for the Government, including stored-value, prepaid and debit cards; mobile payments; and internet-based collections and disbursements. He also advised on regulatory compliance, privacy, data security, intellectual property and other legal issues.

"We are extremely excited to have Steve join FSV as General Counsel," said CEO, Rick Savard. "Steve brings to us a deep understanding of payments and an insider's perspective of all facets of the Washington landscape. We are also excited to have our Partners benefit from Steve's insight, especially in government-related areas, as we help them grow their businesses."

A graduate of Georgetown University Law Center, Middlebrook remains active in the American Bar Association Business Law Section and co-chairs the Electronic Payments and Financial Services subcommittee.

About FSV Payment Systems
FSV Payment Systems is a leader in the delivery of prepaid debit program management and processing services. Founded in 1999, the privately held company successfully delivers processing and prepaid card programs for payroll, rebates, loyalty and promotions and general-purpose reloadable cards for retail, gift and healthcare. FSV is headquartered in Houston, Texas, and operates a state-of-the-art client and cardholder service center in Jacksonville, Fla. For more information, visit www.fsvps.com.