net2phone AI Agent manages sales, support, and administrative tasks across website, phone, and chat for enhanced customer experiences
Newark, NJ, Feb. 27, 2025 — net2phone, a leading provider of intelligent communications-as-a-service for businesses and contact centers, today introduced net2phone AI Agent, offering businesses of all sizes a highly scalable and customizable virtual agent to provide exceptional customer experiences across sales, support and administrative tasks.
“net2phone AI Agent leverages conversational AI to engage customers in helpful dialogues and to take approved actions on their behalf,” said Zali Ritholtz, net2phone’s COO. “From answering routine customer questions on order status and product availability to executing more complex tasks such as managing appointments or processing product returns, the net2phone AI Agent follows the company’s business rules and leverages external APIs to interact with your existing programs, software, and databases – assisting customers in much the same way an employee would but with greater speed, consistency and more cost effectively.”
net2phone AI Agent handles many aspects of routine customer interactions across the organization including:
Answering incoming calls and inquiries
Scheduling appointments and sending follow-up reminders
Providing customers with personalized account data including balances and order status
Greeting visitors on the website and guiding them in real-time
“Customers have strong channel preferences,” Ritholtz added. “net2phone AI Agent engages customers on the organization’s website, on the phone, or via chat – in whichever medium the customer is most comfortable. It is also fluent in multiple languages including English, Spanish and Portuguese, and is available around the clock.”
net2phone AI Agent helps organizations solve common sales, support and staffing challenges including:
Optimizing staffing levels in response to volatile demand
Recruiting, hiring and training staff for temporary or seasonal roles that do not provide long-term value
Repeatedly addressing similar and routine customer inquiries and requests
“net2phone AI Agent provides businesses of all sizes with a highly scalable and cost-effective solution to significant challenges organizations face as they work to enhance the experience of customer interactions,” said Jonah Fink, CEO of net2phone. “We invite businesses of all sizes to see how net2phone AI Agent can help your business grow more profitably.”
About net2phone:
net2phone’s innovative cloud-based, unified communications as a service, contact center as a service and SIP trunking solutions help businesses around the globe succeed through smarter conversations with enhanced intelligence and insights. net2phone’s commitment to delivering reliable and high-quality communications services has earned it a reputation as a leader in both innovation and growth. net2phone is a subsidiary of IDT Corporation (NYSE: IDT). To learn more, please visit net2phone.com or connect on LinkedIn.
net2phone AI Agent manages sales, support, and administrative tasks across website, phone, and chat for enhanced customer experiences
Newark, NJ, Feb. 27, 2025 — net2phone, a leading provider of intelligent communications-as-a-service for businesses and contact centers, today introduced net2phone AI Agent, offering businesses of all sizes a highly scalable and customizable virtual agent to provide exceptional customer experiences across sales, support and administrative tasks.
“net2phone AI Agent leverages conversational AI to engage customers in helpful dialogues and to take approved actions on their behalf,” said Zali Ritholtz, net2phone’s COO. “From answering routine customer questions on order status and product availability to executing more complex tasks such as managing appointments or processing product returns, the net2phone AI Agent follows the company’s business rules and leverages external APIs to interact with your existing programs, software, and databases – assisting customers in much the same way an employee would but with greater speed, consistency and more cost effectively.”
net2phone AI Agent handles many aspects of routine customer interactions across the organization including:
Answering incoming calls and inquiries
Scheduling appointments and sending follow-up reminders
Providing customers with personalized account data including balances and order status
Greeting visitors on the website and guiding them in real-time
“Customers have strong channel preferences,” Ritholtz added. “net2phone AI Agent engages customers on the organization’s website, on the phone, or via chat – in whichever medium the customer is most comfortable. It is also fluent in multiple languages including English, Spanish and Portuguese, and is available around the clock.”
net2phone AI Agent helps organizations solve common sales, support and staffing challenges including:
Optimizing staffing levels in response to volatile demand
Recruiting, hiring and training staff for temporary or seasonal roles that do not provide long-term value
Repeatedly addressing similar and routine customer inquiries and requests
“net2phone AI Agent provides businesses of all sizes with a highly scalable and cost-effective solution to significant challenges organizations face as they work to enhance the experience of customer interactions,” said Jonah Fink, CEO of net2phone. “We invite businesses of all sizes to see how net2phone AI Agent can help your business grow more profitably.”
About net2phone:
net2phone’s innovative cloud-based, unified communications as a service, contact center as a service and SIP trunking solutions help businesses around the globe succeed through smarter conversations with enhanced intelligence and insights. net2phone’s commitment to delivering reliable and high-quality communications services has earned it a reputation as a leader in both innovation and growth. net2phone is a subsidiary of IDT Corporation (NYSE: IDT). To learn more, please visit net2phone.com or connect on LinkedIn.
IDT Corporation to Report Second Quarter 2025 Results
NEWARK, NJ, Feb. 25, 2025 — IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, has scheduled its report of financial and operational results for the second quarter fiscal year 2025 (the three months ended January 31, 2025) on Thursday, March 6, 2025.
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 followed by Q&A with investors. To listen to the call and participate in the Q&A, dial 1-888-506-0062 (toll-free from the US) or 1-973-528-0011 (international) and provide the following access code: 145736.
A replay of the conference call will be available approximately three hours after the call concludes through March 20, 2025. To access the call replay, dial 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) and provide this replay passcode: 51975. The replay will also be accessible via streaming audio at the IDT investor relations website.
ABOUT IDT CORPORATION IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.
IDT Corporation to Report Second Quarter 2025 Results
NEWARK, NJ, Feb. 25, 2025 — IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, has scheduled its report of financial and operational results for the second quarter fiscal year 2025 (the three months ended January 31, 2025) on Thursday, March 6, 2025.
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 followed by Q&A with investors. To listen to the call and participate in the Q&A, dial 1-888-506-0062 (toll-free from the US) or 1-973-528-0011 (international) and provide the following access code: 145736.
A replay of the conference call will be available approximately three hours after the call concludes through March 20, 2025. To access the call replay, dial 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) and provide this replay passcode: 51975. The replay will also be accessible via streaming audio at the IDT investor relations website.
ABOUT IDT CORPORATION IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.
NRSInsights’ January 2025 Retail Same-Store Sales Report
January same-store sales increased 4.7% year-over-year
NEWARK, N.J., Feb. 07, 2025 — NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative retail same-store sales results for January 2025.
As of January 31, 2025, the NRS retail network comprised approximately 34,800 active terminals nationwide, scanning purchases at approximately 30,100 independent retailers including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers, predominantly serving urban consumers.
January Highlights
(Same-store sales, unit sales, transactions, and average price data refer to January 2025 and are compared to January 2024 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month.)
SALES
Same-store sales increased 4.7% year-over-year. In the previous month (December 2024), same-store sales had increased 1.7% year-over-year.
Same-store sales decreased (7.5)% compared to the previous month (December 2024). Same-store sales in December 2024 had increased 0.5% compared to the previous month (November 2024).
For the three months ended January 31, 2025, same-store sales increased 3.7% compared to the corresponding three months a year ago.
UNITS SOLD
Units sold increased 2.3% year-over-year. In the previous month (December 2024), the number of units sold had decreased (0.5)% year-over-year.
Units sold decreased (3.1)% compared to the previous month (December 2024). Units sold in December 2024 had decreased (1.1)% compared to the previous month (November 2024).
BASKETS (TRANSACTIONS) PER STORE
Baskets increased 1.1% year-over-year. In the previous month (December 2024), baskets had decreased (0.5)% year-over-year.
Baskets decreased (5.3)% compared to the previous month (December 2024). Baskets in December 2024 had decreased (3.4)% compared to the previous month (November 2024).
AVERAGE PRICES
A dollar-weighted average of prices for the top 500 items purchased increased 2.9% year-over-year, a higher rate of increase than the 2.4% year-over-year increase recorded in December 2024.
Retail Trade Comparative Data
The table below provides historical comparative data with the U.S. Commerce Department’s Advance Monthly Retail Trade same-store sales data excluding food service:
Over the past twelve months, the NRS network’s three-month moving average same-store sales have outpaced the US Commerce Department’s Advance Monthly Retail Trade data, excluding food services, by 1.1% percentage points, on average. However, in December, the Department’s three month rolling average increase exceeded the NRS network’s by 0.5%.
The NRSInsights data in the chart above have not been adjusted to reflect inflation, demographic distributions, seasonal buying patterns, item substitution, days per month, or other factors that may facilitate comparisons to other periods, to other same-store retail sales data, or to the U.S. Commerce Department’s retail data.
Commentary from Suzy Silliman (SVP, Data Strategy and Sales at NRS)
“Despite record-breaking cold temperatures and historic snowfalls in mid-January across much of the U.S., January 2025 saw robust dollar, unit and transaction same-store sales growth versus the year ago while decreasing sequentially, as expected, following the holiday season.
“Our analysis of January’s data revealed several unexpected developments across the NRS network, while other categories continued trends that carried over from 2024.
“January sales typically follow well-established patterns related to New Year’s resolutions, wellness goals, and ‘dry January.’ So this January’s dollar sales growth in Tobacco Products & Accessories (cigarettes, cigars, smokeless tobacco, pipe tobacco, lighters and rolling papers), Alcohol (beer, FMB/cider/seltzer, vodka, still wine, tequila, prepared cocktails, wine-based cocktails, and cordials), and even Chocolate and Cookies was unusual.
“On the other hand, the Diet & Nutrition category outperformed, driven by growth in health/nutrition and meal replacement shakes, health/nutrition and meal replacement bars, protein salty snacks, and health/nutrition powder. While Diet & Nutrition sales had been trending up with the increased popularity of GLP-1 agonists for the treatment of diabetes and obesity, January’s year-over-year growth exceeded the prior months’ trendline.
“And finally, sales of Cold/Flu OTC products and GI Care surged year-over-year as flu, RSV, norovirus and other contagions surged nationwide, arriving a little later in the season than usual but not unexpectedly.”
NRSInsights Reports
The NRSInsights monthly Same-Store Retail Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.
Same-store data comparisons of January 2025 with January 2024 are derived from approximately 183 million transactions processed through the approximately 20,800 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of January 2025 with December 2024 are derived from approximately 239 million transactions processed through approximately 29,000 stores.
Same-store data comparisons for the three months ended January 31, 2025 with the year-ago three months are derived from approximately 546 million scanned transactions processed through those stores that were in the NRS network in both quarters.
NRS POS Platform
The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers. These independent retailers operate in all 50 states as well as the District of Columbia, and in 202 of the 210 designated market areas (DMAs) in the United States. During January 2025, NRS’ POS terminals processed $1.8 billion in sales (+20% year-over-year) across 119 million transactions (+15% year-over-year).
About National Retail Solutions (NRS):
National Retail Solutions operates the largest point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).
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.
NRSInsights Contact: Suzy Silliman SVP, Data Strategy and Sales at NRS National Retail Solutions suzy.silliman@nrsplus.com
NRSInsights’ January 2025 Retail Same-Store Sales Report
January same-store sales increased 4.7% year-over-year
NEWARK, N.J., Feb. 07, 2025 — NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative retail same-store sales results for January 2025.
As of January 31, 2025, the NRS retail network comprised approximately 34,800 active terminals nationwide, scanning purchases at approximately 30,100 independent retailers including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers, predominantly serving urban consumers.
January Highlights
(Same-store sales, unit sales, transactions, and average price data refer to January 2025 and are compared to January 2024 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month.)
SALES
Same-store sales increased 4.7% year-over-year. In the previous month (December 2024), same-store sales had increased 1.7% year-over-year.
Same-store sales decreased (7.5)% compared to the previous month (December 2024). Same-store sales in December 2024 had increased 0.5% compared to the previous month (November 2024).
For the three months ended January 31, 2025, same-store sales increased 3.7% compared to the corresponding three months a year ago.
UNITS SOLD
Units sold increased 2.3% year-over-year. In the previous month (December 2024), the number of units sold had decreased (0.5)% year-over-year.
Units sold decreased (3.1)% compared to the previous month (December 2024). Units sold in December 2024 had decreased (1.1)% compared to the previous month (November 2024).
BASKETS (TRANSACTIONS) PER STORE
Baskets increased 1.1% year-over-year. In the previous month (December 2024), baskets had decreased (0.5)% year-over-year.
Baskets decreased (5.3)% compared to the previous month (December 2024). Baskets in December 2024 had decreased (3.4)% compared to the previous month (November 2024).
AVERAGE PRICES
A dollar-weighted average of prices for the top 500 items purchased increased 2.9% year-over-year, a higher rate of increase than the 2.4% year-over-year increase recorded in December 2024.
Retail Trade Comparative Data
The table below provides historical comparative data with the U.S. Commerce Department’s Advance Monthly Retail Trade same-store sales data excluding food service:
Over the past twelve months, the NRS network’s three-month moving average same-store sales have outpaced the US Commerce Department’s Advance Monthly Retail Trade data, excluding food services, by 1.1% percentage points, on average. However, in December, the Department’s three month rolling average increase exceeded the NRS network’s by 0.5%.
The NRSInsights data in the chart above have not been adjusted to reflect inflation, demographic distributions, seasonal buying patterns, item substitution, days per month, or other factors that may facilitate comparisons to other periods, to other same-store retail sales data, or to the U.S. Commerce Department’s retail data.
Commentary from Suzy Silliman (SVP, Data Strategy and Sales at NRS)
“Despite record-breaking cold temperatures and historic snowfalls in mid-January across much of the U.S., January 2025 saw robust dollar, unit and transaction same-store sales growth versus the year ago while decreasing sequentially, as expected, following the holiday season.
“Our analysis of January’s data revealed several unexpected developments across the NRS network, while other categories continued trends that carried over from 2024.
“January sales typically follow well-established patterns related to New Year’s resolutions, wellness goals, and ‘dry January.’ So this January’s dollar sales growth in Tobacco Products & Accessories (cigarettes, cigars, smokeless tobacco, pipe tobacco, lighters and rolling papers), Alcohol (beer, FMB/cider/seltzer, vodka, still wine, tequila, prepared cocktails, wine-based cocktails, and cordials), and even Chocolate and Cookies was unusual.
“On the other hand, the Diet & Nutrition category outperformed, driven by growth in health/nutrition and meal replacement shakes, health/nutrition and meal replacement bars, protein salty snacks, and health/nutrition powder. While Diet & Nutrition sales had been trending up with the increased popularity of GLP-1 agonists for the treatment of diabetes and obesity, January’s year-over-year growth exceeded the prior months’ trendline.
“And finally, sales of Cold/Flu OTC products and GI Care surged year-over-year as flu, RSV, norovirus and other contagions surged nationwide, arriving a little later in the season than usual but not unexpectedly.”
NRSInsights Reports
The NRSInsights monthly Same-Store Retail Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.
Same-store data comparisons of January 2025 with January 2024 are derived from approximately 183 million transactions processed through the approximately 20,800 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of January 2025 with December 2024 are derived from approximately 239 million transactions processed through approximately 29,000 stores.
Same-store data comparisons for the three months ended January 31, 2025 with the year-ago three months are derived from approximately 546 million scanned transactions processed through those stores that were in the NRS network in both quarters.
NRS POS Platform
The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, tobacco, and sundries sellers. These independent retailers operate in all 50 states as well as the District of Columbia, and in 202 of the 210 designated market areas (DMAs) in the United States. During January 2025, NRS’ POS terminals processed $1.8 billion in sales (+20% year-over-year) across 119 million transactions (+15% year-over-year).
About National Retail Solutions (NRS):
National Retail Solutions operates the largest point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).
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.
NRSInsights Contact: Suzy Silliman SVP, Data Strategy and Sales at NRS National Retail Solutions suzy.silliman@nrsplus.com
IDT global Inks Preferred Partner Agreement with Haiti’s Natcom for International Long-Distance Traffic Management
Newark, NJ, Feb. 06, 2025 — IDT global, IDT Corporation’s (NYSE: IDT) wholesale carrier services business, today announced that it has entered into a Preferred Partner Agreement with Natcom, Haiti’s leading telecommunications provider, to manage international long-distance traffic for Natcom’s network in Haiti. IDT global will also help to protect Natcom against revenue leakage while strengthening Natcom’s position as a trusted and reliable telecommunications provider for international voice traffic.
The agreement also enables Natcom and IDT global to collaboratively develop and launch new, high-value, international voice offerings for customers of Natcom and for IDT’s popular BOSS Revolution Calling service in the US.
“Our partnership with Natcom reinforces IDT global‘s position as a leader in managed voice services,” said Alexis Segal, Sr. Vice President at IDT global. “We look forward to supporting Natcom with secure and innovative telecommunications solutions tailored to meet the international long-distance needs of Natcom customers throughout Haiti. Boss Revolution customers can also look forward to elevated offerings that will make staying connected with loved ones and business associates in Haiti more accessible than ever.”
Mr. Nguyen Huy Dzung, CEO of Natcom added: “IDT global’s reliability, expertise, and focus on quality made them the natural choice for this strategic partnership. Together, we aim to provide the best possible experience for our customers while strengthening the integrity of telecommunications in Haiti.”
About Natcom
Natcom is Haiti’s leading telecommunications provider, offering a full range of mobile, broadband, and fixed-line services to individuals and businesses across the country. With a focus on innovation and connectivity, Natcom is dedicated to enhancing the communication experience for the people of Haiti.
About IDT global
IDT global leverages its global IP network and platform to deliver high-quality, secure, and scalable voice and A2P SMS solutions. We enable carriers, mobile operators, and enterprises to build agile, efficient, and resilient communication experiences worldwide.
About IDT Corporation
IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT global and IDT Express enable communications services to provision and manage international voice and SMS messaging.
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.
IDT global Inks Preferred Partner Agreement with Haiti’s Natcom for International Long-Distance Traffic Management
Newark, NJ, Feb. 06, 2025 — IDT global, IDT Corporation’s (NYSE: IDT) wholesale carrier services business, today announced that it has entered into a Preferred Partner Agreement with Natcom, Haiti’s leading telecommunications provider, to manage international long-distance traffic for Natcom’s network in Haiti. IDT global will also help to protect Natcom against revenue leakage while strengthening Natcom’s position as a trusted and reliable telecommunications provider for international voice traffic.
The agreement also enables Natcom and IDT global to collaboratively develop and launch new, high-value, international voice offerings for customers of Natcom and for IDT’s popular BOSS Revolution Calling service in the US.
“Our partnership with Natcom reinforces IDT global‘s position as a leader in managed voice services,” said Alexis Segal, Sr. Vice President at IDT global. “We look forward to supporting Natcom with secure and innovative telecommunications solutions tailored to meet the international long-distance needs of Natcom customers throughout Haiti. Boss Revolution customers can also look forward to elevated offerings that will make staying connected with loved ones and business associates in Haiti more accessible than ever.”
Mr. Nguyen Huy Dzung, CEO of Natcom added: “IDT global’s reliability, expertise, and focus on quality made them the natural choice for this strategic partnership. Together, we aim to provide the best possible experience for our customers while strengthening the integrity of telecommunications in Haiti.”
About Natcom
Natcom is Haiti’s leading telecommunications provider, offering a full range of mobile, broadband, and fixed-line services to individuals and businesses across the country. With a focus on innovation and connectivity, Natcom is dedicated to enhancing the communication experience for the people of Haiti.
About IDT global
IDT global leverages its global IP network and platform to deliver high-quality, secure, and scalable voice and A2P SMS solutions. We enable carriers, mobile operators, and enterprises to build agile, efficient, and resilient communication experiences worldwide.
About IDT Corporation
IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT global and IDT Express enable communications services to provision and manage international voice and SMS messaging.
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.
BOSS Money Expands Remittance Service to Venezuela, Brazil, and Eritrea
Zero-fee App Transfers to Venezuela
New Funding Option for Retail Customers
Newark, NJ, Jan. 15, 2025 — BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), today announced three new destination countries – Venezuela, Brazil, and Eritrea – and expanded payment options for customers sending money from BOSS Money retailer locations.
BOSS Money customers in the USA can now send cash directly to the accounts of family and friends at 34 of the largest Venezuelan banks including Banco Bicentenario, Banco de Venezuela, Banco Nacional de Crédito, Banco Occidental de Descuento (BOD), Banesco, BBVA Provincial, and Mercantil Banco.
Through July 31, 2025, BOSS Money is offering customers in the USA zero-fee transfers up to $500 to Venezuela on the BOSS Money and BOSS Revolution calling apps.
In the coming weeks, BOSS Money will launch money transfers to South America’s largest nation, Brazil, via Pix, Brazil’s national rapid payment ecosystem.
BOSS Money also continues to expand options for payouts in Africa. In addition to launching service to Eritrea, it recently added direct deposit to mobile wallets in Ethiopia (Amole and Telebirr) and Liberia (Orange Money).
“By making money transfers more convenient, fast and reliable, and by offering our service to more destinations, we’re empowering our customers to support friends and family around the world,” said Michelle Rendo, VP Marketing for BOSS Money.
Along with its payout network expansion, BOSS Money now offers customers the option of using their debit cards to fund transfers at select BOSS Money retail agents. Debit card funding will be available at all BOSS Money retailers nationwide in the coming months.
BOSS Money’s expansion follows a record holiday season for the popular service. In December 2024, it handled over 2 million transfers, an all-time monthly record.
New customers can try BOSS Money with two zero-fee transfers (up to $2,999*) on the BOSS Money and BOSS Revolution apps. Customers sending to Mexico on either app will receive five zero-fee transfers.*
*Exclusions may apply
ABOUT BOSS MONEY
BOSS Money’s rapidly expanding international remittance service provides fast, secure and reliable money transfers for residents of the U.S. and Canada to popular destination countries in Latin America, the Caribbean, Africa, and South Asia. BOSS Money offers a robust menu of payout options including cash pick-up, mobile money, in-country bank account, and debit card direct deposit. Customers can remit funds through the highly rated BOSS Money and BOSS Revolution apps or through licensed Boss Money retailers.
ABOUT IDT CORPORATION
IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.
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.
BOSS Money Expands Remittance Service to Venezuela, Brazil, and Eritrea
Zero-fee App Transfers to Venezuela
New Funding Option for Retail Customers
Newark, NJ, Jan. 15, 2025 — BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), today announced three new destination countries – Venezuela, Brazil, and Eritrea – and expanded payment options for customers sending money from BOSS Money retailer locations.
BOSS Money customers in the USA can now send cash directly to the accounts of family and friends at 34 of the largest Venezuelan banks including Banco Bicentenario, Banco de Venezuela, Banco Nacional de Crédito, Banco Occidental de Descuento (BOD), Banesco, BBVA Provincial, and Mercantil Banco.
Through July 31, 2025, BOSS Money is offering customers in the USA zero-fee transfers up to $500 to Venezuela on the BOSS Money and BOSS Revolution calling apps.
In the coming weeks, BOSS Money will launch money transfers to South America’s largest nation, Brazil, via Pix, Brazil’s national rapid payment ecosystem.
BOSS Money also continues to expand options for payouts in Africa. In addition to launching service to Eritrea, it recently added direct deposit to mobile wallets in Ethiopia (Amole and Telebirr) and Liberia (Orange Money).
“By making money transfers more convenient, fast and reliable, and by offering our service to more destinations, we’re empowering our customers to support friends and family around the world,” said Michelle Rendo, VP Marketing for BOSS Money.
Along with its payout network expansion, BOSS Money now offers customers the option of using their debit cards to fund transfers at select BOSS Money retail agents. Debit card funding will be available at all BOSS Money retailers nationwide in the coming months.
BOSS Money’s expansion follows a record holiday season for the popular service. In December 2024, it handled over 2 million transfers, an all-time monthly record.
New customers can try BOSS Money with two zero-fee transfers (up to $2,999*) on the BOSS Money and BOSS Revolution apps. Customers sending to Mexico on either app will receive five zero-fee transfers.*
*Exclusions may apply
ABOUT BOSS MONEY
BOSS Money’s rapidly expanding international remittance service provides fast, secure and reliable money transfers for residents of the U.S. and Canada to popular destination countries in Latin America, the Caribbean, Africa, and South Asia. BOSS Money offers a robust menu of payout options including cash pick-up, mobile money, in-country bank account, and debit card direct deposit. Customers can remit funds through the highly rated BOSS Money and BOSS Revolution apps or through licensed Boss Money retailers.
ABOUT IDT CORPORATION
IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.
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.
