PSV Files are a virtual PSOne or PS2 save used by the Playstation 3 backwards compatibility mode.
How can I transfer my existing saves into PSV files?
PSV Exporter 1.3 can import AR Max saves (PS2) and single PS1 saves (*.mcs) and export them as PSV files.
Alternatively, you can import your PS2/PS1 memory cards to the Playstation 3 using a ‘PS3 Memory Card Adapter’
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Are there any programs to convert my saves into PSV files?
Yes, PSV Exporter 1.3 has been released with full PSV support. It can import PS2 & PS1 Saves and export them in PSV format
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