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FSV Payment System Names CEO

Houston-based FSV Payment Systems, a provider of prepaid debit processing services, reported late last week that it has named Richard (Rick) Savard as its CEO. Savard replaces Jonthan Palmer, who the firm says remains on the board and will consult with the firm on strategic issues. Savard was already on FSV's board of directors, and previously was CEO of Austin's NetSpend Corporation. Savard also has held positions at Macy's.