Is the pssvc.exe process a virus, spyware or malware?

Process description:

Outlook Process

Author: Microsoft Corporation
Part of: Microsoft Outlook
Process 'pssvc.exe' is a process associated with 'Microsoft Outlook 2000'.

The pssvc.exe process is a Microsoft 'patch' program designed to fix known problems related to the exporting and forwarding of 'vCards'.

A patch is a small program designed to update or fix known problems with a computer program or its supporting data. This includes fixing bugs, replacing graphics and improving the usability or performance.

vCard is the standard file format associated with electronic business cards which are often attached to e-mails.
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What is this pssvc.exe process and what does it do?
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