http://www.fsvps.comFSV Payment Systems Expands Management Team, Appointing Stephen W. Reesing CFO and Naming Matthew P. Frye Chief Commercial Services Executive

Leadership Team of Prepaid Industry Veterans Expanded to Support Accelerating Growth





HOUSTON--(BUSINESS WIRE)--FSV Payment Systems, Inc., a leading provider of network branded prepaid debit card products and processing services, today announced that Stephen W. Reesing has been appointed Chief Financial Officer and Matthew P. Frye Chief Commercial Services Executive.



“I am delighted that Steve and Matt have decided to join FSV,” stated Jonathan Palmer, FSV’s President and CEO. “Steve brings a wealth of experience and insight to the CFO position, and Matt, similarly, brings many years of senior leadership experience in prepaid debit to his new executive position at our company, in which he’ll be responsible for leading our prepaid debit processing business.”



Reesing, a Texas native, served for over five years as CFO of Netspend Corporation, a leading prepaid debit provider. He will be based in FSV’s Jacksonville, Fla., office. Reesing is replacing Mark Brockelman, of Jacksonville, who is retiring. Frye, a current Texas resident, and most recently a senior executive with PreCash, will be based in FSV’s Houston headquarters.



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 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







Posted by John B. Frank Friday, January 15, 2010

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