IDT Corp Stock Price, News & Analysis

IDT Corporation (NYSE: IDT) is set to announce its financial and operational results for Q4 and full fiscal year 2021 on October 6, 2021. The earnings release will be available on the company's investor relations website at approximately 4:30 PM Eastern. Following this, an earnings conference call will start at 5:30 PM Eastern, where management will discuss results, outlook, and strategy, followed by a Q&A session with investors. A replay of the call will be accessible until October 13, 2021.

National Retail Solutions has introduced a new security feature, the NRS POS Emergency Call Button, aimed at helping independent retailers combat rising theft and violence. This patented alarm system is discreetly integrated into the POS register, allowing store operators to silently contact police during emergencies. Currently available in New York, the feature will expand nationwide soon, following a partnership with Top Security Alarms.

net2phone has launched the net2phone Phone App for Microsoft Teams, allowing users to integrate affordable voice capabilities without needing extra licenses. This app is accessible to all Team members, on desktop or mobile, enhancing their Teams experience. It provides essential features such as making and receiving calls, call transfers, and internal calling within Teams. With this offering, net2phone aims to attract organizations that want to voice-enable Teams cost-effectively, complementing their existing native integrations with various CRMs.

National Retail Solutions (NRS), a subsidiary of IDT, announced a multi-year renewal of a data license with Swisher International for their point-of-sale (POS) scanner data. NRS operates a leading POS network for over 13,100 independent retailers across the U.S. The collaboration aims to enhance insights for independent tobacco retailers, enabling Swisher to develop tailored brand strategies and seize store-level opportunities. This partnership highlights NRS's unique dataset's potential for growth in a challenging retail segment.

net2phone, a subsidiary of IDT, has launched a HIPAA compliance program for its communication solutions. This initiative enables healthcare providers to utilize net2phone’s HIPAA-eligible services, ensuring that data privacy remains a priority. New features include call recording, voicemail, and voicemail transcription. Businesses can now access robust cloud communications including unlimited calling, advanced call routing, and integrations with popular applications, all at competitive rates. The program is expected to enhance service offerings to healthcare entities.

On August 25, 2021, IDT announced a partnership with PRISM Transfer to enhance remittance services in Haiti, expanding payout options for users of BOSS Revolution Money. This collaboration enables quicker and safer cash transfers to families affected by recent natural disasters. Customers can now collect cash at over 40 Fonkoze locations or deposit remittances directly into mobile wallets via MonCash. The promotional offer allows transfers up to $150 for just $1.00 until August 31, 2021. The partnership aims to facilitate financial support for the Haitian diaspora.

IDT Corporation (NYSE: IDT) has launched BOSS Revolution services in response to the recent earthquake in Haiti. From now until August 22, customers can send no-fee money transfers of up to $130 through the BOSS Revolution Money app or website. Reduced calling rates to Haiti are also available until August 15. The company aims to support the Haitian relief effort by facilitating communication and sending financial aid to affected families. IDT emphasizes its commitment to helping the Haitian diaspora during this crisis.

IDT Corporation (NYSE: IDT) has partnered with TerraPay to enhance its BOSS Revolution Money Transfer service, enabling seamless transfers to mobile wallets in Senegal and Benin. Customers can now send money to these countries and over 36 others, accessing more than 309,000 payment points. The partnership aims to expand the service's reach across Africa, Asia, LATAM, and Europe, providing real-time payment options. First-time users can make transfers up to $300 without fees through the BOSS Revolution Money app, available on both the App Store and Google Play.

IDT Corporation (NYSE: IDT) announced a new SMS carrier agreement with Telefónica Global Solutions on August 11, 2021. This agreement allows IDT to send SMS messages from its BOSS Revolution businesses in the U.S. and global partners directly to Telefónica mobile subscribers. The partnership builds on an existing relationship where over one billion minutes of international voice traffic are exchanged annually. IDT aims to enhance its SMS messaging capabilities and diversify its Carrier Services business through this collaboration.