IDT Corporation reports developments across a portfolio of fintech and communications businesses. Recurring updates include financial results for segments such as National Retail Solutions, Fintech, net2phone and Traditional Communications, as well as capital-return actions including dividends and share repurchases.
Company news also covers National Retail Solutions’ point-of-sale platform for independent retailers, NRSInsights retail same-store sales reports, BOSS Money international remittance and payments services, and net2phone cloud communications, customer experience and AI-driven workflow offerings. Additional releases address product launches, investor presentations, prepaid services, international voice and SMS messaging, and digital payment activity.
BOSS Money, IDT Corporation's (NYSE: IDT) remittance service, announced a special Mother's Day promotion offering $0-fee international money transfers. New customers can enjoy zero-fee transfers with specific benefits: first two transfers free to all destinations, first five transfers free to Mexico, and unlimited free transfers to select African countries and Venezuela.
Existing customers can use promotional codes during specific periods: "MOM" (May 5-11) for all destinations, "MOMMY" (May 21-25) for select countries including Dominican Republic and Haiti, and "MAMA" (May 26-30) for Nicaragua. The service offers various payout options including cash pick-up, mobile money, bank deposits, and debit card transfers through the BOSS Money app.
NRSInsights reported March 2025 retail same-store sales increased 2.3% year-over-year across its network of approximately 35,200 active terminals nationwide. The network processed $2.0 billion in sales (+16% YoY) across 134 million transactions.
Key metrics for March 2025:
- Units sold increased 2.4% YoY
- Baskets increased 0.2% YoY
- Average prices for top 500 items rose 2.1% YoY
Strong performance was seen in Energy Beverages, Soft Drinks, and Modern Oral Smokeless Tobacco. However, most BEVAL categories (Beer, FMB/Cider/Seltzer, Whiskey, Vodka, Still Wine) showed decreased sales, with Tequila being the exception. Salty Snacks recorded a double-digit sales decrease.
BOSS Revolution, powered by IDT (NYSE: IDT), has launched Savings Pass, a new monthly membership calling plan offering 20% discounts on international calls to over 200 countries for $5 per month.
The company now offers three subscription options:
- Savings Pass: 20% discount on standard rates for all international calls
- Unlimited Plans: Unlimited calling to select destinations including Mexico, Canada, UK, and popular locations in Europe, South America, and Caribbean
- Bundles of Minutes Plans: Fixed minutes for calls to over 40 countries at 20% discount, covering destinations in Latin America, Caribbean, and Africa
The new plans aim to simplify the complex global paid-minute communications market, providing customers with optimal savings based on their calling patterns and destinations.
IDT (NYSE: IDT), a global fintech and communications solutions provider, has announced its participation in the upcoming Sidoti Virtual Investor Conference on March 19-20, 2025. CFO Marcelo Fisher will deliver a presentation on March 19th at 10:45 AM Eastern time, covering the company's operations, strategy, and financial performance.
The presentation will be accessible via a live webinar, with free registration available through the Sidoti website. Fisher will also conduct one-on-one meetings with investors throughout the conference.
IDT operates through several key business segments:
- National Retail Solutions (NRS): Provides POS platform for independent retailers
- BOSS Money: Offers international remittances and fintech payment solutions
- net2phone: Delivers cloud communications and contact center services
- IDT Digital Payments and BOSS Revolution: Focuses on prepaid products and international communications
- IDT Global and IDT Express: Manages international voice and SMS messaging services