PS2 Save Tools

PSV Files are a virtual PSOne or PS2 save used by the Playstation 3 backwards compatibility mode.

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’

Yes, PSV Exporter 1.3 has been released with full PSV support.  It can import PS2 & PS1 Saves and export them in PSV format