Longtop Awarded SWIFTReady 2010 Payments Label

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HONG KONG, Sept. 28 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China, today announced that it has been awarded the SWIFTReady 2010 Payments label from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) for its E@able SWIFT solutions.

SWIFT operates an annual program to certify third-party software applications for the financial services sector against SWIFT requirements, using stringent criteria to validate the expertise, security and resilience of SWIFT service providers. Certified applications are awarded a SWIFTReady application label when they demonstrate compliance with SWIFT standards, messaging services and connectivity. With a certified SWIFT solution, Longtop is able to deliver to its banking customers interoperability between their existing systems and the SWIFT network in payment applications that these customers rely on for secure payments.

"We are honored to achieve the SWIFTReady payment certification that validates the world-class quality of our settlement and payment solutions. Our efforts to achieve important global industry standards such as SWIFTReady compliance underscore our commitment to provide the best possible services to our customers and help them to conduct their business activities optimally," said Weizhou Lian, Chief Executive Officer of Longtop.

Longtop is a market leader for banking settlement and payment solutions. According to the independent market research firm IDC,[link widoczny dla zalogowanych], Longtop ranked #1 for banking settlement and payment solutions with a market share of 12.1% in 2009. Longtop serves six of the ten largest banks in China with its E@able SWIFT solutions, enabling comprehensive support for SWIFT connectivity and back-end system integration.

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