Welcome to our dedicated page for IDT news (Ticker: IDT), a resource for investors and traders seeking the latest updates and insights on IDT stock.
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, the international remittance service of IDT , reported a record number of money transfers during the week leading up to Mother’s Day, May 12, 2024.
Transactions increased by 46% year-over-year, with a 41% rise in revenue. The surge was particularly notable in the 22 destination countries celebrating Mother’s Day that week, where transactions grew by 56%.
BOSS Money services 48 countries across Latin America, the Caribbean, Africa, and South Asia, with 244,000 cash pick-up locations and additional mobile and bank deposit options. The service is accessible via the BOSS Money and BOSS Calling apps, or through licensed retailers. New users enjoy fee-free initial transfers up to $2,999.
NRSInsights reported a 2.5% increase in same-store sales year-over-year for April 2024, with inflationary pressures easing. The NRS network now has over 30,000 active terminals nationwide, serving independent retailers. The company is focused on delivering value through technology to help retailers operate profitably.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.