IDT Corporation, a multinational holding company, operates in the telecommunications and payment industries. IDT Telecom (IDT Telecom, Inc.) IDT Telecom includes two segments, Telecom Platform Services and Consumer Phone Service. Telecom Platform Services segment This segment markets and distributes multiple communications and payment services across four business verticals: Retail Communications provides international long-distance calling products primarily to foreign-born communities worldwide, with its core markets in the United States; Wholesale Carrier Services is a global telecom carrier, terminating international long distance calls worldwide for Tier 1 fixed line and mobile network operators, as well as other service providers; Payment Services provides payment offerings, including international and domestic airtime top-up and international money transfer sold through the company’s Boss Revolution platform; and Hosted Platform Solutions provides customized communications services that leverage the company’s proprietary networks, platforms and/or technology to cable companies and other service providers. Retail Communications The majority of Retail Communications’ sales are generated by the Boss Revolution PIN (personal identification number)-less international calling service. Other smaller lines of business contribute to Retail Communications sales, including traditional, disposable prepaid calling cards sold under various brand names; private label and IDT branded prepaid and point of sale activated calling cards sold to large retailers, medium sized retail chains (supermarkets, drug stores), and smaller grocery stores and similar outlets; and the company’s PennyTalk international calling service. Boss Revolution PIN-less allows users to call their families and friends overseas without the need to enter a PIN. To place a call, a customer must first establish a Boss Revolution prepaid account. Boss Revolution customers could access the company’s network by first dialing a local access or toll-free number. The company’s platform recognizes the user’s network-provided automatic number identification and links each call to the corresponding Boss Revolution account. Callers then enter their destination phone numbers. The dialing process is automated to provide one-touch dialing in the Boss Revolution mobile app. Customers could add to, or top-up, their account balance at any Boss Revolution retailer using cash or a credit card. Customers with a credit or debit card could also add to their account balance directly by phone, online through the Boss Revolution consumer Website (www.bossrevolution.com), or through the Boss Revolution mobile app. In the United States, the company distributes majority of its retail products through the company’s network of distributors that, either directly or through sub-distributors, sells to retail locations. In addition, the company’s internal sales force sells Boss Revolution platform products directly to retailers. Also, the Boss Revolution mobile app is available for download through both the iTunes and Google Play stores. The Boss Revolution retailer portal enables retailers to create accounts for new customers, add funds to existing customer balances and execute sales transactions for the various products and services available on the portal. The Boss Revolution retailer portal also provides a direct, real-time interface with the company’s retailers, resulting in an adaptable distribution model that could respond to changes in the business environment. The Boss Revolution platform allows the company to target and promote services directly to customers and retailers, and to introduce and cross-sell offerings. In the United States, the Boss Revolution brand is supported by national, regional and local marketing programs that include television and radio advertising, online advertising, print media, and grass roots marketing at community and sporting events. In addition, the company works with distributors and retailers on in-store promotional programs and events. Retail Communications’ sales have been strongest in the Northeastern Uni
idt corp-class b
(IDT:New York Consolidated)
520 Broad Street
Newark, NJ 07102
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