IDT Corporation

IDT Corporation, founded in 1990 by entrepreneur Howard Jonas, is a company that specializes in providing low-cost international communication and payment services. Initially, IDT focused on offering affordable international calling solutions, and in 1993, it introduced an innovative two-way international calling service. By 1996, IDT had gone public with a successful Initial Public Offering (IPO) on the New York Stock Exchange.

In 2009, IDT launched BOSS Revolution, a service that revolutionized the way customers make international calls by eliminating the need for a PIN code. This service quickly gained popularity due to its simplicity and cost-effectiveness. In 2013, BOSS Revolution expanded its offerings to include international money transfers, catering to U.S. consumers who need to send money abroad.

IDT operates in the global communications and financial services market. Its primary clients include individuals and businesses seeking affordable international calling and money transfer services. The company’s business model revolves around providing these services at competitive rates, thereby attracting a large customer base that values cost savings and convenience.

IDT makes money by charging fees for its international calling and money transfer services. The company ensures service continuity by conducting stress tests to handle high demand and varying traffic patterns, both nationally and globally. This commitment to reliability has helped IDT maintain a strong reputation among its customers.

In addition to its core services, IDT also offers gift card incentive solutions through its Awards2Go brand, further diversifying its product portfolio.

Keywords: International Calling, Money Transfer, BOSS Revolution, Low-Cost Services, Communication Solutions, Financial Services, Public Company, Howard Jonas, Stress Testing, Awards2Go.