S1 Corporation and Longtop Financial Technologies Announce Partnership Agreement

Relationship to accelerate the deployment of S1 Enterprise’s multi-channel solutions throughout China

XIAMEN, China and NORCROSS, Georgia, USA – April 14, 2009 (AllPayNews)-- S1 Corporation (Nasdaq: SONE), a leading global provider of customer interaction software solutions for financial and payment services, today announced that it has entered into a partnership agreement with Longtop Financial Technologies Limited (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China.

Under the terms of the agreement, Longtop will market, license, customize, implement and support S1 Enterprise’s Personal and Business Banking, Sales & Service, Teller and Call Center applications for financial institutions in China. This strategic relationship builds upon a strong foundation of collaboration as S1 and Longtop have previously worked together to deliver S1 Enterprise solutions in Asia, including the deployment of S1 Sales & Service and S1 Call Center at over 14,000 branches with 80,000 agents in 31 provinces for one of the largest banks in China.

Built on an open, flexible and scalable J2EE platform providing banks a single view of customer data, S1 Enterprise solutions are the industry's first truly integrated multi-channel solutions. By enabling multiple channels, including Internet, mobile, branch and call center, to seamlessly share data, business processes, and administration, financial institutions are able to provide more prompt, consistent and effective service for their customers.

“We are very excited to announce that Longtop will be marketing and supporting S1 Enterprise solutions throughout China,” said Jan Kruger, President, S1 Enterprise. “China is an important market for S1 as we continue to expand our worldwide presence. Longtop is a proven leader in providing software to the financial services industry in China and is an ideal partner to go to market with. With their demonstrated development and implementation experience with S1 Enterprise solutions, we believe Longtop is extremely well positioned to rapidly deploy localized S1 Enterprise solutions into the Chinese market.”
“This agreement further reinforces our partnership with S1 and our commitment to the Chinese market,” said Weizhou Lian, Chief Executive Officer of Longtop. “Leveraging S1's industry leading multi-channel solutions, we can enable financial institutions to easily integrate multiple applications in a single, open environment, thereby further reducing their total cost of ownership.”

About S1 Enterprise

More than 100 banks and three million consumer, small business, and corporate users worldwide rely on S1 Enterprise solutions to access and manage their financial information. A division of S1 Corporation (Nasdaq: SONE), S1 Enterprise is a leading provider of integrated banking solutions that enables financial service providers to receive a holistic view of their customer via a common technology platform regardless of delivery channel - branch, call center, Internet, or voice. Additional information about S1 Enterprise is available at www.S1Enterprise.com.
About S1 Corporation

S1 Corporation (Nasdaq: SONE) delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 solutions is available at www.s1.com, www.postilion.com, www.S1enterprise.com, and www.fsb-solutions.com.

S1 Personal Banking, S1 Business Banking, S1 Sales & Service, S1 Teller and S1 Call Center are trademarks of S1 Corporation.

About Longtop Financial Technologies Limited

Longtop is a leading software development and solutions provider targeting the financial services industry in China. Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China. Longtop has six solution delivery centers, three research centers and seventy-five service centers located in 27 provinces throughout China. Longtop was founded in 1996 by Xiaogong Jia, Chairman, and Weizhou Lian, CEO, as a system integration company focusing on the financial services industry in China and made the transition to a software and solutions provider in 2001. For more information, please visit: http://www.longtop.com.

Forward-Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at www.s1.com or the SEC's web site at www.sec.gov) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.