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IDT and Fiserv Announce Strategic Agreement to Expand Availability of International Calling Services and Walk-in Bill Payments

IDT Corporation (NYSE: IDT), a global provider of prepaid
telecommunications services, and Fiserv, Inc. (NASDAQ: FISV), a leading
global provider of financial services technology solutions, today
announced a strategic agreement to expand the availability of the Boss
Revolution® international calling service from IDT and the
CheckFreePay® walk-in bill payment service from Fiserv.

With this agreement, qualified retailers of the flagship IDT Boss
Revolution payment platform will offer CheckFreePay walk-in bill payment
services to their customers, while select CheckFreePay agents will offer
the Boss Revolution PIN-less international calling service.

“We are excited about forging this agreement with Fiserv, which we
believe brings significant value to both of our customers. Boss
Revolution customers will have access to secure and convenient
CheckFreePay walk-in bill payment capabilities, and we expect that the
availability of the Boss Revolution service in high-traffic CheckFreePay
agent locations will drive long-term growth,” said Jonathan E.
Nierenberg, Senior Vice President of Global Services Business
Development for IDT.

Boss Revolution, the flagship IDT payment platform, provides a suite of
prepaid services including Boss Revolution PIN-less, a leading
international calling service that allows users to call their families
and friends overseas conveniently and affordably. Customers can also
purchase and activate international and domestic mobile top-up products
over the Boss Revolution platform.

CheckFreePay is a leader in the walk-in bill payment market, enabling
consumers to pay bills from more than 3,000 companies at more than
25,000 retail agent locations nationwide. CheckFreePay agents include
supermarkets, drugstores and convenience stores, along with hundreds of
independent and chain store retailers.

“Boss Revolution customers will now be able to pay a wide variety of
bills, including utility bills, mobile phone bills and credit card
bills, with the majority of payments delivered in real time or the next
business day,” said Sean Dingwall, Vice President, CheckFreePay.
“Offering Boss Revolution and CheckFreePay as complementary services at
strategic agent locations will enable us to better serve our customers,
many of whom are unbanked or underbanked, or simply prefer to conduct
transactions in person.”

About IDT Corporation

(NYSE: IDT) through its IDT Telecom division, provides
telecommunications and payment services. IDT Telecom’s retail products,
including those offered through its flagship Boss Revolution payment
platform, allow people to communicate and share financial resources
around the world. IDT Telecom’s Carrier Services business is a global
leader in wholesale voice termination. For more information, visit

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry, driving innovation in payments,
processing services, risk and compliance, customer and channel
management, and business insights and optimization. For more
information, visit

Investor Relations:
IDT Corporation
Bill Ulrey, 973-438-3838
Cave, 678-375-4039
Director, Public Relations