NEWARK, N.J., June 8, 2020 – National Retail Solutions (NRS), operator of a leading nationwide point-of-sale (POS) network for independent retailers and convenience stores, today rolled out the BR Club app.  NRS retailers can benefit from the app free for 90 days*.

The BR Club app enables NRS independent retailers to offer their customers online ordering for pick-up or delivery. Customers can pay for orders in the app using a credit or debit card, or pay at the store using cash or another payment method. Customers use the app for free.

“Many of our stores have seen large increases in phone orders during the Covid-19 pandemic, but handling so many orders over the phone is not always practical,” said Elie Y. Katz, President of NRS.  “Receiving customer orders directly from the BR Club app allows stores to handle simultaneous orders and to efficiently organize and prepare items for pick-up or delivery.”

The BR Club app is directly integrated with the NRS POS system, adding to its ease of use for retailers using that system. The app utilizes each store’s barcode-scanned inventory to automatically sort products into departments, and utilizes the store’s POS price book to provide up-to-date prices. App orders are sent to the store’s POS system where the cashier receives a notification and can print out the order for packing. The POS system’s inventory is automatically adjusted when orders are made on the app.

Consumers can download the app for free from the Apple App Store (iOS) or the Google Play Store (Android). The app will soon be integrated with the popular BR Club Coupon & Rewards program which NRS has been offering to customers at NRS retail locations for over three years.

“Storeowners and their customers will love the BR Club app’s seamless ordering process and find that the app makes it easy for customers to get what they want quickly and safely,” said Jacob Jonas, VP of Mobile for NRS. “The app will help our stores thrive in the current environment while modernizing to better compete in the years ahead.”

To learn more about the NRS POS system and NRS PAY payment processing, visit nrsplus.com or call (833) 289-2767. Current NRS store owners interested in enrolling in the free 90 day offer for the BR Club app should visit: https://nrsmarket.com/br-club-app.

*The BR Club app is free to retailers using the National Retail Solutions point of sale terminal for 90 days. Thereafter, retailers can continue to use the app for a low, flat monthly fee.

About National Retail Solutions:
National Retail Solutions (NRS) is the leading point of sale (POS) provider for independently owned convenience, liquor and tobacco stores, with over 8,500 stores nationwide actively using the system for over 35 million transactions per month across the network. The NRS network is rapidly growing, with hundreds of new merchants purchasing the NRS POS system every month. Through NRS PAY credit card processing and associated retail services, NRS empowers independent retailers to modernize and compete. NRS is a subsidiary of IDT Corporation (NYSE: IDT).  To learn more, please visit https://nrsplus.com/.

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SOURCE National Retail Solutions

NEWARK, N.J., June 4, 2020 – IDT Corporation (NYSE: IDT) reported net income per diluted share of $0.02 and Non-GAAP earnings per diluted share* of $0.08 on revenue of $321.3 million for the third quarter of FY 2020, the three months ended April 30, 2020.

3Q FY20 HIGHLIGHTS 
(Results are for 3Q20 and are compared to 3Q19)

• In response to the COVID-19 pandemic, IDT employees world-wide safely transitioned to work from home.
• COVID-19 had a mixed financial impact during the quarter with BOSS Revolution customers making longer phone calls, sending an increased number of mobile top-ups, and executing more money remittances online. Conversely, sales originating through retailers and channel partners slowed in March and April before beginning to rebound after the quarter close. Carrier Services revenue was impacted by the closure of corporate offices and the decline of commerce globally.
• Consolidated revenue decreased 5.8% to $321.3 million. Declines in Carrier Services and BOSS Revolution Calling revenue were partially offset by increased sales of Mobile Top-Up and revenue generated by IDT’s growth initiatives.
• Consolidated revenue-less-direct-cost-of-revenue increased 6.9% to $62.5 million, the third consecutive year-over-year quarterly increase. IDT’s higher-margin growth initiatives have been contributing a steadily increasing share of consolidated revenue, and the resulting increase in their margin contribution has more than offset the declining contribution of IDT’s lower-margin core offerings.
• net2phone-UCaaS seats increased 54% to 137,000 as of April 30, 2020 as subscription revenue increased 34.6% to $7.7 million. During the quarter, net2phone introduced an integration of its cloud communications offering with Microsoft Teams and a secure video conferencing solution, Huddle (in beta).
• BOSS Revolution Money Transfer revenue increased 94.6% to $11.8 million on increased transaction volumes and favorable foreign exchange market conditions.
• NRS served 8,800 active retailers on April 30, 2020, an increase from 7,200 a year earlier. NRS’ revenue increased 87.9% to $2.9 million.

REMARKS BY SHMUEL JONAS, CEO
“Our team did an incredible job of rapidly transitioning to work from home, and we did not miss a beat during this terrible pandemic. I want to especially thank and recognize our frontline salespeople and delivery teammates for continuing to serve our retailers and channel partners throughout this challenging time. 

“Results for the quarter were highlighted by the resilience of our business and by the increased contribution from our higher margin growth initiatives that more than offset the decrease in contribution from our lower margin core offerings.

“Across all of our businesses, we are very focused on adapting to meet the evolving needs of our customers as the pandemic plays out. Our team has done a very good job being responsive and meeting the challenge thus far.  However, we remain mindful that current economic conditions, if enduring, will create additional hardship for many of our customers over the coming months.”

CONSOLIDATED RESULTS 

*Throughout this release, Non-GAAP earnings per diluted share, Adjusted EBITDA, and Non-GAAP net income for all periods presented are Non-GAAP measures intended to provide useful information that supplements IDT’s or the relevant segment’s results in accordance with GAAP.  Revenue less direct cost of revenue as a percentage of revenue is a key performance metric. Please refer to the Reconciliation of Non-GAAP Financial Measures and Explanation of Key Performance Metric at the end of this release for an explanation of these terms and their respective reconciliations to the most directly comparable GAAP measure. 

RESULTS BY SEGMENT
(Results are for 3Q20 and are compared to 3Q19)

Telecom & Payment Services (TPS)
IDT’s TPS segment accounted for 96.1% and 96.4% of IDT’s consolidated revenue in 3Q20 and 3Q19, respectively.  The segment includes Core and Growth verticals: 

Core includes IDT’s three largest communications and payments offerings by revenue: BOSS Revolution Calling, an international long-distance calling service marketed primarily to immigrant communities in the U.S.; Carrier Services, which provides international long-distance termination and outsourced traffic management solutions to telecoms worldwide; and Mobile Top-Up, which enables customers to transfer airtime and bundles of airtime, messaging and data credits to mobile accounts internationally and domestically. Core also includes smaller communications and payments offerings, many in harvest mode.

Growth primarily comprises National Retail Solutions (NRS), which operates a point-of-sale (POS), terminal-based network for independent retailers, and BOSS Revolution Money Transfer, an international money remittance service for customers in the U.S.

net2phone
IDT’s net2phone segment accounted for 3.9% and 3.6% of IDT’s consolidated revenue in 3Q20 and 3Q19, respectively.  The segment comprises two verticals: 

net2phone-UCaaS, a unified cloud communications service for businesses in North and South America and certain other international markets.

net2phone-Platform Services provides telephony services to cable operators and other businesses by leveraging a common technology platform.

Revenue in 3Q20 and comparative periods for all verticals and for the most significant core offerings is provided in the following chart:

Segment level financial results are summarized in the following chart:

TPS Segment Takeaways:

• The decrease in revenue from TPS’ core offerings continue to reflect long-term secular headwinds in the paid minute calling market. Revenue decreases from BOSS Revolution Calling and Carrier Services were partially offset by increased Mobile Top-Up sales.
• The increase in BOSS Revolution Money Transfer revenue was driven by increased transaction volumes and favorable foreign exchange market conditions.
• The increase in NRS revenue was driven by growth in monthly subscription fees, advertising sales and an increase in credit card processing customers. NRS increased the number of POS terminals active in its network as of April 30, 2020 to approximately 8,800 from 7,200 a year earlier.
• The increase in revenue less direct cost of revenue was driven primarily by contributions from BOSS Revolution Money Transfer, as well as Mobile Top-Up and NRS, which together more than offset declines in other core offerings. The rise in BOSS Revolution Money Transfer contribution resulted from increased transaction volumes and increased foreign exchange revenue derived, in part, from strategies leveraging the strengthened US dollar and other transient exchange market conditions.

net2phone Segment Takeaways:

• net2phone-UCaaS revenue increased 22.3% to $8.1 million, led by growth in international and US markets, partially offset by strengthening of the US dollar compared to local currencies in key overseas markets served by net2phone-UCaaS. Subscription revenue (exclusive of equipment sales) increased 34.6% to $7.7 million;
• net2phone’s cloud communications offering served 137,000 seats as of April 30, 2020, exclusive of a small number of seats acquired via the RingSouth acquisition in 2Q20, compared to 89,000 a year earlier and 123,000 as of January 31, 2020. Customer base growth slowed in the second half of the quarter, as sales became increasingly difficult as the pandemic spread in key markets.

NOTES ON FINANCIAL STATEMENTS
Consolidated results for all periods presented include corporate overhead.  Corporate G&A expense decreased to $2.3 million in 3Q20 from $2.4 million in 3Q19.

As of April 30, 2020, IDT held $70.5 million in unrestricted cash, cash equivalents, debt securities and current equity investments. Current assets totaled $291.9 million and current liabilities totaled $308.5 million.

Net cash used in operating activities during 3Q20 was $47.4 million, including the impact of a $46.7 million decrease in customer deposits at IDT’s Gibraltar-based bank, compared to net cash provided by operating activities of $9.3 million in the year ago quarter, including a $4.1 million increase in customer deposits at the bank. 

Capital expenditures were $4.2 million and $4.3 million in 3Q20 and 3Q19, respectively. 

IDT EARNINGS ANNOUNCEMENT & SUPPLEMENTAL INFORMATION
This release is available for download in the “Investors & Media” section of the IDT Corporation website (https://www.idt.net/investors-and-media) and has been filed on a current report (Form 8-K) with the SEC.

IDT will host an earnings conference call beginning at 5:30 PM Eastern today with management’s discussion of results, outlook and strategy followed by Q&A with investors. 

To listen to the call and participate in the Q&A, dial toll-free 1-888-348-8417 (from US) or 1-412-902-4243 (international) and request the IDT Corporation call.

A replay of the conference call will be available approximately three hours after the call concludes through June 11, 2020. To access the replay, dial toll free 1-844-512-2921 (from US) or 1-412-317-6671 (internation
al) and provide this replay number: 10144191.  A replay will also be accessible via streaming audio at the IDT investor relations website.

ABOUT IDT:
IDT Corporation (NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its Boss Revolution^®, net2phone^® and National Retail Solutions^® brands.  IDT’s wholesale carrier services business is a leading global carrier of international long-distance calls.  For more information on IDT, please visit our website.

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors.  Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

Reconciliation of Non-GAAP Financial Measures for the
Third Quarter Fiscal 2020 and 2019 and Explanation of Key Performance Metric

In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States of America (GAAP), IDT also disclosed, for 3Q20, 2Q20, and 3Q19, Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share, which are non-GAAP measures. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.

IDT’s measure of Adjusted EBITDA consists of revenue less direct cost of revenues and selling, general and administrative expense. Another way of calculating Adjusted EBITDA is to start with income (loss) from operations, add depreciation and amortization, severance expense, and other operating expense, and deduct other operating gains.

IDT’s measure of non-GAAP net income starts with net income (loss) in accordance with GAAP and adds severance expense, stock-based compensation, and other operating expense, net. 

IDT’s measure of non-GAAP earnings per share is calculated by dividing non-GAAP net income by the diluted weighted-average shares.

These additions and subtractions are non-cash and/or non-routine items in the relevant fiscal 2020 and fiscal 2019 periods.

Management believes that IDT’s Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share measures provide useful information to both management and investors by excluding certain expenses and non-routine gains and losses that may not be indicative of IDT’s or the relevant segment’s core operating results. Management uses Adjusted EBITDA, among other measures, as a relevant indicator of core operational strengths in its financial and operational decision making. In addition, management uses Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share to evaluate operating performance in relation to IDT’s competitors. Disclosure of these financial measures may be useful to investors in evaluating performance and allows for greater transparency to the underlying supplemental information used by management in its financial and operational decision-making. In addition, IDT has historically reported similar financial measures and believes such measures are commonly used by readers of financial information in assessing performance, therefore the inclusion of comparative numbers provides consistency in financial reporting.

Management refers to Adjusted EBITDA, as well as the GAAP measures income (loss) from operations and net income (loss), on a segment and/or consolidated level to facilitate internal and external comparisons to the segments’ and IDT’s historical operating results, in making operating decisions, for budget and planning purposes, and to form the basis upon which management is compensated.

While depreciation and amortization are considered operating costs under GAAP, these expenses primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or capitalized in prior periods. IDT’s Adjusted EBITDA, which is exclusive of depreciation and amortization, is a useful indicator of its current performance.

Severance expense is excluded from the calculation of Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share. Severance expense is reflective of decisions made by management in each period regarding the aspects of IDT’s and its segments’ businesses to be focused on in light of changing market realities and other factors. While there may be similar charges in other periods, the nature and magnitude of these charges can fluctuate markedly and do not reflect the performance of IDT’s core and continuing operations.

Other operating expense, net, which is a component of income (loss) from operations, is excluded from the calculation of Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share. Other operating expense, net includes legal fees related to Straight Path Communications Inc.’s stockholders’ putative class action and derivative complaint, expense for the indemnification of a net2phone cable telephony customer related to patent infringement claims brought against the customer, and accruals for non-income related taxes related to one of IDT’s foreign entities,. From time-to-time, IDT may incur costs related to non-routine legal and tax matters, however, these matters do not generally occur each quarter. IDT does not believe the gains or losses from these non-routine matters are components of IDT’s or the relevant segment’s core operating results.

The other calculation of Adjusted EBITDA consists of revenue less direct cost of revenues and selling, general and administrative expense. As the other excluded items are
not reflected in this calculation, they are excluded automatically and there is no need to make additional adjustments. This calculation results in the same Adjusted EBITDA amount and its utility and significance is as explained above.

Stock-based compensation recognized by IDT and other companies may not be comparable because of the variety of types of awards as well as the various valuation methodologies and subjective assumptions that are permitted under GAAP. Stock-based compensation is excluded from IDT’s calculation of non-GAAP net income and non-GAAP earnings per share because management believes this allows investors to make more meaningful comparisons of the operating results per share of IDT’s core business with the results of other companies. However, stock-based compensation will continue to be a significant expense for IDT for the foreseeable future and an important part of employees’ compensation that impacts their performance.

Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share should be considered in addition to, not as a substitute for, or superior to, income (loss) from operations, cash flow from operating activities, net income (loss), basic and diluted earnings (loss) per share or other measures of liquidity and financial performance prepared in accordance with GAAP. In addition, IDT’s measurements of Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share may not be comparable to similarly titled measures reported by other companies.

Following are reconciliations of Adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share to the most directly comparable GAAP measure, which are, (a) for Adjusted EBITDA, income (loss) from operations for IDT’s reportable segments and net income (loss) for IDT on a consolidated basis, (b) for non-GAAP net income, net income (loss), and (c) for non-GAAP earnings per share, basic and diluted earnings (loss) per share.

Revenue less direct cost of revenue as a percentage of revenue is a financial metric that measures changes in our revenue relative to changes in direct cost of revenue during the same period. Revenue and direct cost of revenue in this metric are from IDT’s consolidated statements of operations in accordance with GAAP. Revenue less direct cost of revenue as a percentage of revenue is a ratio in which revenue less direct cost of revenue is the numerator and revenue are the denominator. It is useful for monitoring trends in the generation of revenue as well as for evaluating the net contribution of our revenue.

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SOURCE IDT Corporation

NEWARK, N.J., May 29, 2020 – IDT Corporation (NYSE: IDT), a global provider of communications and payment services, has scheduled its report of financial and operational results for the third quarter of its fiscal year 2020 (the three-months ended April 30, 2020) on Thursday, June 4, 2020.

IDT’s earnings release will be issued and posted on the IDT investor relations website (https://www.idt.net/investors-and-media) at approximately 4:30 PM Eastern.

IDT will host an earnings conference call beginning at 5:30 PM Eastern with management’s discussion of results, outlook and strategy followed by Q&A with investors. 

To listen to the call and participate in the Q&A, dial toll-free 1-888-348-8417 (from US) or 1-412-902-4243 (international) and request the IDT Corporation call.

A replay of the conference call will be available approximately three hours after the call concludes through June 11, 2020. To access the replay, dial toll free 1-844-512-2921 (from US) or 1-412-317-6671 (international) and provide this replay number: 10144191.  A replay will also be accessible via streaming audio at the IDT investor relations website.

About IDT Corporation:
IDT Corporation (NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its Boss Revolution^®, net2phone^® and National Retail Solutions^® brands.  IDT’s wholesale carrier services business is a leading global carrier of international long-distance calls.  For more information on IDT, please visit our website (https://www.idt.net/).

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SOURCE IDT Corporation

NEWARK, N.J., April 23, 2020 — net2phone, a global provider of cloud communications solutions to businesses, today announced the accelerated release of Huddle, a secure, feature-rich, high-definition video conferencing solution that is fully integrated with net2phone’s cloud communications service.  net2phone is offering Huddle to its clients worldwide for free during the COVID-19 crisis.

“net2phone has always been a powerful tool for business communication and collaboration,” said Jonah Fink, President of net2phone.  “In response to the COVID-19 pandemic, we prioritized development and deployment of Huddle so that our clients can continue to adapt quickly to the profound changes in their markets and work environments.”

Huddle enables presenters to seamlessly share screens and YouTube videos.  Participants enjoy audio and video selection control, chat messaging, and the raise-hand option for recognition by the session moderator.  Huddle also provides real-time quality control and status updates to session moderators.

All Huddle conferences are fully passcode protected and encrypted for security.

To facilitate collaboration with dispersed employees, partners and customers, Huddle is accessible from any desktop or mobile device.  net2phone subscribers can access Huddle simply by logging in through the Huddle website with their net2phone credentials.  Invited guests without net2phone or Huddle accounts can participate in Huddle video conferences. The Huddle by net2phone apps for iOS and Android enable Huddle video conferences from mobile devices, and are available free from the App Store and Google Play.

“Huddle’s outstanding voice and video quality excels at bridging distances – bringing colleagues, suppliers and customers together for collaboration whether they are next door or around the globe,” Jonah Fink added.  “We’ll continue to add powerful new features and functionality to Huddle with input from our clients globally.”

To learn more about Huddle and enroll for service, visit us here or e-mail: sales@net2phone.com. 

About net2phone:

net2phone’s cloud communications solutions help businesses around the globe succeed through smarter conversations. net2phone is a subsidiary of IDT Corporation (NYSE: IDT), a provider of telecommunications and payment services.  To learn more, please visit net2phone.com or connect with us on LinkedIn.  Channel partners contact: partner@net2phone.com.  Customer contact: sales@net2phone.com.

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SOURCE net2phone

NEWARK, N.J., April 7, 2020 – IDT Corporation (NYSE: IDT), a global provider of communications and payment services, today unveiled an entirely new dimension to its popular BOSS Revolution Calling app – local news, sports and trends – all in the local language – plus streaming from local radio stations in nearly every country around the globe.

Anyone with the app anywhere in the world can now see up-to-the-minute, country-specific news sourced from leading papers, radio and television networks and online resources — all in the country’s local languages.  The news is conveniently organized into familiar categories including updates on COVID-19, sports, politics, entertainment, business, technology, health, celebrities and lifestyle.  App users can also listen to unlimited radio from multiple local radio stations, see which songs and films are hot, catch up on trending tweets and watch popular videos.  It’s all free through the BOSS Revolution calling app.

“The BOSS Revolution Calling app has added a whole new way to stay close to family, friends, and colleagues anywhere in the world,” said Jessica Poverene, VP Marketing for BOSS Revolution.  “You’ll be able to catch up on what’s happening in your country of choice, and then talk or text with friends and family there all about it – without leaving the app.  During the COVID-19 pandemic, you may not be able to travel to see friends and family overseas, but the BOSS Revolution Calling app’s new features will make you feel right at home.”

The BOSS Revolution Calling app now includes the following for virtually every country worldwide:

• Updates on the COVID-19 pandemic
• Headline news stories
• Political, sports, business, entertainment, health, technology, lifestyle news
• Weather for major cities
• A choice of popular radio stations from around the country
• Popular hit songs
• Trending tweets
• Most popular videos
• and more…

The BOSS Revolution Calling app also continues to provide all the features that have made it so popular among customers in the United States for years. The app lets customers in the US make affordable phone calls anywhere around the globe, top-up the mobile phone accounts of friends and family or send money (through integration with the BOSS Revolution Money app). With Wi-Fi, customers can make and receive unlimited free peer-to-peer calls and send unlimited texts globally. 

New customers to the BOSS Revolution Calling app receive $2 in free credit for international phone calls through April 30, 2020.

The BOSS Revolution Calling app is free in both the App Store and Google Play. 

About IDT Corporation:
IDT Corporation (NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its Boss Revolution^®, net2phone^® and National Retail Solutions^® brands.  IDT’s wholesale carrier services business is a leading global carrier of international long-distance calls.  For more information on IDT, visit www.idt.net.

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SOURCE IDT Corporation

NEWARK, N.J., March 31, 2020 — IDT Corporation (NYSE: IDT), a global provider of communications and payment services, announced today that BOSS Revolution Mobile will give its customers more – a lot more – high-speed, 4G LTE data throughout the month of April. 

“Families sheltering at home are consuming unprecedented levels of high-speed data,” said Gabi Schecter, EVP at IDT Telecom. “Data helps them stay in touch with family and friends around the world, as well as monitor current events and catch up on favorite shows.  We are helping our customers with more high-speed 4G LTE data when they need it most.”

In April, BOSS Revolution Mobile customers who are on the $20, $30 and $40 unlimited monthly plans will receive double the normal high-speed 4G LTE data. Customers who are on the $50 unlimited monthly plan will receive an extra 10 GB of high-speed 4G LTE data for the month of April:

• Customers on our 1 GB plan ($20/month) get 2 GB of high-speed 4G LTE data
• Customers on our 5 GB plan ($30/month) get 10 GB of high speed 4G LTE data
• Customers on our 15 GB plan ($40/month) get 30 GB of high speed 4G LTE data
• Customers on our 50 GB plan ($50/month) get 60 GB of high speed 4G LTE data

All BOSS Revolution Mobile customers always enjoy the power of the unlimited:

• Unlimited domestic calls
• Unlimited international calls to 65+ popular destinations including Mexico, Brazil, Spain, Colombia, Argentina and Puerto Rico.
• Unlimited calls to the rest of the world using Wi-Fi and the Boss Revolution calling app
• Unlimited texts
• Unlimited 3G data

The BOSS Revolution Mobile service, phones and SIM chips are available at select BOSS Revolution Retail stores nationwide and online.

“BOSS Revolution Mobile is great way to reduce your monthly phone bill,” added Mr. Schecter. “In April, it’s better than ever with more high-speed data than ever before. We’re always making it more convenient and affordable for our customers to keep in touch with friends and family around the world.”

About IDT Corporation:
IDT Corporation (NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its Boss Revolution^®, net2phone^® and National Retail Solutions^® brands. IDT’s wholesale carrier services business is a leading global carrier of international long-distance calls.  For more information on IDT, visit www.idt.net.

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SOURCE IDT Corporation

NEWARK, N.J., March 26, 2020 — IDT Corporation (NYSE: IDT), a global provider of communications and payment services, announced today that both first-time customers of its BOSS Revolution international calling service and first-time users of its BOSS Revolution calling app will receive $2 in free international calls. These offers are available through April 30, 2020.

“As the COVID-19 pandemic spreads, many of us are checking more often with family and friends around the world,” said Jessica Poverene, VP of Marketing for BOSS Revolution. “We are making it even more affordable to call internationally by giving $2 in free calls to new customers – that’s good for as much as two hours of free calling depending on your destination.  Just ask your local BOSS Revolution retailer for the $2 credit or download the BOSS Revolution calling app from the App Store or Google Play.”

“Current BOSS Revolution customers who have not yet tried our BOSS Revolution calling app will also receive the $2 credit when they download and use the app for the first time,” Ms. Poverene added.  “The app makes it extremely convenient to call anywhere in the world. When you call over Wi-Fi to someone who also has the BOSS Revolution app, both parties can enjoy completely free app-to-app calls, video calls and messaging.

The BOSS Revolution calling service offers affordable, high quality calling to landlines and mobile phones in virtually every country in the world.  To see rates to your favorite destinations, download the BOSS Revolution calling app or visit BOSS Revolution calling online. Customers can top up their BOSS Revolution account through the BOSS Revolution calling app, at their local BOSS Revolution retailer, online or by phone through the interactive voice response (IVR).

The BOSS Revolution calling app is free on both the App Store and Google Play. 

About IDT Corporation:
IDT Corporation (NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its Boss Revolution^®, net2phone^® and National Retail Solutions^® brands.  IDT’s wholesale carrier services business is a leading global carrier of international long-distance calls.  For more information on IDT, visit www.idt.net.

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SOURCE IDT Corporation

NEWARK, N.J., March 25, 2020 – National Retail Solutions (NRS), the operator of a leading nationwide point-of-sale (POS) network for independent retailers, today announced that it has joined Nielsen’s Connect Partner Network.

The relationship with NRS enables Nielsen’s Global Connect Business clients within the retail and consumer packaged goods (CPG) industries to access NRS’ point-of-sale scanner data curated from over 8,000 independent, predominantly urban retailers nationwide.   Because the NRS-gathered data is now aligned with the Nielsen product hierarchy and Nielsen TDLinx channel definitions, Nielsen CPG clients have unprecedented visibility into the hard-to-reach and hard-to-measure inner-city independent retail sector with its diverse, multicultural customer base.  

“NRS is pleased to offer its store-level, inner-city independent retail transaction data through the Nielsen Connect Partner Network. Nielsen is the global leader in marketplace measurement. It was a natural fit to bring data from our network of independent retailers to market through the Connect Partner Network,” said Elie Y. Katz, President and CEO of NRS.

“CPG manufacturers have enormous growth potential in the inner-city independent retailer sector.  As more companies look for white and grey space to fuel growth, the inner-city independent retailer offers a new frontier.  Alignment with Nielsen’s master data ensures that client adoption of this dataset is frictionless.  It will be easy to integrate our data with their other Nielsen measurement assets,” said Eli Korn, COO of NRS. 

“We are excited to further expand the Nielsen Connect Partner Network by partnering with NRS and to continue fueling a smarter market for the retail and CPG industry,” said Brett Jones, Global Leader, Connect Partner Network, Nielsen. “Our clients are uniquely positioned to solve their biggest problems and stay ahead of a rapidly changing consumer landscape through the unmatched breadth of our collaborative ecosystem of trustworthy and innovative partners.”

The Nielsen Connect Partner Network was founded on the concept of an open ecosystem that uses Nielsen’s data and established relationships with CPG clients as connective tissue.  It serves both partners and clients by making it easier for them to collaborate.  With frictionless ease, clients and partners can shift their workload from managing data to analysis and targeting, all within the largest curated network of vendors serving the CPG industry.

Nielsen and NRS will introduce clients to this new and actionable offering in the coming months.

About National Retail Solutions (NRS):

NRS operates a point-of-sale (POS) terminal-based platform plus NRS PAY credit card processing for independent retailers and bodega owners nationwide. The platform provides a robust portfolio of tools to help these retailers compete more effectively, including inventory tracking, store statistics, user management, one-touch Boss Revolution® PIN-less recharge, and integration with the BR Club customer loyalty program. Consumer packaged goods (CPG) suppliers are able to leverage the NRS platform to provision promotions, coupons and special offers to independent retailers and their predominantly urban customer bases nationwide. NRS is a subsidiary of IDT Corporation (NYSE: IDT).

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SOURCE National Retail Solutions

NEWARK, N.J., March 24, 2020 — IDT Corporation (NYSE: IDT), a global provider of communications and payment services, announced today that international money transfers on the BOSS Revolution Money app are free through April 30, 2020* when customers use their debit cards to send up to $2,999.**

“The impact of the COVID-19 pandemic is being felt worldwide,” said Jessica Poverene, VP of Marketing for BOSS Revolution.  “Now, more than ever, it’s important to support your family and friends while helping everyone to stay safe.  To assist our customers, we have suspended fees on transfers from debit cards to international bank accounts through the BOSS Revolution Money app.  It’s a secure, 100% digital way to send money that lets both senders and recipients stay in the safety of their homes.”

The BOSS Revolution Money app offers its U.S. customers 24/7 service and delivery to 54 countries on four continents including direct deposit with participating banks in 22 countries.  Customers can choose from any one of several delivery options depending on the destination: direct deposit into a bank account, cash pick-up, home delivery or mobile wallet delivery. In addition, all BOSS Revolution Money transfers are free to any destination for first time customers sending up to $300.

For customers who prefer to use cash to send money from a retail walk-in location, many BOSS Revolution money transfer retailers plan to remain open to provide necessities during the pandemic.  Customers can check with their favorite local BOSS Revolution retailer before leaving home.

“BOSS Revolution retail customers can also benefit when sending money directly to an overseas bank account so the recipient doesn’t have to leave home,” Ms. Poverene added.  “We offer a preferential foreign exchange rate for transfers to bank accounts in two of our most popular destinations, Mexico and Guatemala.”

BOSS Revolution customers can use the Boss Revolution Money app or bossrevolution.com to transfer money internationally, add airtime credit to mobile phones in the US and around the world and to add funds for international calling through the popular Boss Revolution international calling service.

The BOSS Revolution Money app is free on both the App Store and Google Play.  The app has been reviewed over 23,000 times on the two platforms earning high rankings of 4.7 and 4.6, respectively.

* Through March 31, 2020 for transfers to Nigeria. 
** For transfers to recipient bank accounts denominated in the local currency (not in U.S. dollars).  Offer valid for up to $250 on recipient bank accounts denominated in U.S. dollars.

About IDT Corporation:
IDT Corporation (NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its Boss Revolution^®, net2phone^® and National Retail Solutions^® brands.  IDT’s wholesale carrier services business is a leading global carrier of international long-distance calls.  For more information on IDT, visit www.idt.net.

Boss Revolution money transfer products and payment services are offered and serviced by IDT Payment Services, Inc., licensed money transmitter (NMLS 935577, MA FT935577), or IDT Payment Services of New York LLC, licensed as a Money Transmitter by the New York State Department of Financial Services.

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SOURCE IDT Corporation

NEWARK, N.J., March 23, 2020 – net2phone, a global provider of cloud communications solutions to businesses, today announced that Microsoft Teams users who sign up for net2phone’s fully integrated Global Calling Plan for Microsoft Teams will receive their first 90 days of service at no cost — including unlimited calling to the U.S., Canada and over 40 international destinations.

“Reaction to the COVID-19 pandemic is accelerating adoption of Microsoft Teams and other platforms that facilitate collaboration across the enterprise for a dispersed workforce,” said Jonah Fink, President of net2phone. 

“Businesses must have reliable untethered and ‘boundary-less’ communications and collaboration to compete.  That’s why we are offering our Global Calling Plan for Microsoft Teams free for 90 days.  The Plan features seamlessly integrated calling including unlimited international calls to most popular destinations within the Teams environment,” Jonah Fink added.

Global Calling Plan for Teams users can initiate calls to their contacts, numbers or to extensions from any Microsoft Teams conversation or sidebar. The net2phone installation and integration process leverages the power of the cloud to provide a fully automated and managed solution without added equipment or infrastructure.

net2phone’s free 90-day service offer requires service enrollment, which the client may cancel at any time.  This offer is available to Microsoft Teams users in the U.S., Canada, Brazil, Mexico, Argentina, Colombia, Spain and Hong Kong.

To learn more and sign up for net2phone’s Global Calling Plan for Microsoft Teams with 90 days of free service, visit us here or e-mail: sales@net2phone.com. 

About net2phone:
net2phone’s cloud communications solutions help businesses around the globe succeed through smarter conversations. net2phone is a subsidiary of IDT Corporation (NYSE: IDT), a provider of telecommunications and payment services.  To learn more, please visit net2phone.com, connect with us on LinkedIn.  Channel partners contact: partner@net2phone.com.  Customer contact: sales@net2phone.com.

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SOURCE net2phone