Global payment services provider, Moneygram International Inc. (NASDAQ:MGI) released that it is enlarging its worldwide network to Turkmenistan, reaching consumers in the country for the first time from side to side an contract with Garagum Bank. The release of MoneyGram’s operations in Turkmenistan is particularly important for athletes and visitors coming to Turkmenistan in connection with the 5th Asian Indoor and Martial Arts Games in 2017. Funds sent through MoneyGram money transfer services are typically ready to collect at any of the company’s nearly 350,000 locations within minutes upon sending, subject to agent operating hours, availability, and local laws and regulations. Moneygram International Inc. (NASDAQ:MGI) rises 0.40% to close at $10.00 as compare to its fifty-two week range of 7.55 – 15.34. The total market capitalization remained 531.97 Million. The firm is ahead its 52-week low of 7.55.
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SAP SE (NYSE:SAP) rose in previous session as Calypso Technology,the standard for treasury and capital markets software, has signed into a worldwide reseller contract with German business software maker SAP (SAP). SAP will resell the Calypso cross-asset, front-to-back treasury as well as capital markets platform as two solution extensions: the SAP Capital Markets Trading solution by Calypso and the SAP Capital Markets Treasury solution by Calypso. Through this contract, SAP customers can benefit from Calypso’s platform, which integrates with SAP Advanced Server Enterprise and complements SAP’s financial services portfolio for capital markets, enabling consolidation, simplification and growth. The solutions allow customers to reduce the total number of systems in use, simplify their architecture, streamline processes and improve efficiency while lowering the total cost of ownership. Shares of SAP SE (NYSE:SAP) jumped up 2.96% to finished at $74.81 in previous trading session.
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A provider of Intelligent Transport Networks, Infinera Corporation (NASDAQ:INFN) reported that extension of the Cloud Xpress family of metro Cloud platforms. This release adds a novel Cloud Xpress platform by means of 100-gigabit Ethernet client services in the similar compact form factor together with enhanced functionality. The Cloud Xpress family is designed specially to address the requires of Cloud service providers, Internet content providers, Internet Exchange service providers, great enterprises and other large-scale datacenter operators. It first started shipping in December 2014. The Cloud Xpress family leverages the oPIC-500 optical engine, Infinera’s unique metro-optimized photonic integrated circuit, to deliver DWDM datacenter interconnect services up to 500 gigabits per second in a compact two rack unit chassis. The news led stock of Infinera Corporation (NASDAQ:INFN) as the shares eased up 0.18% to settle at $22.73 in last trading action after opening the session at $22.87.
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