2013/3/11 - IDT and Fiserv Announce Strategic Agreement to Expand Availability of International Calling Services and Walk-in Bill Payments

With this agreement, qualified retailers of the flagship IDT Boss Revolution payment platform will offer CheckFreePay walk-in bill payment services to their customers, while select CheckFreePay agents will offer the Boss Revolution PIN-less international calling service.

"We are excited about forging this agreement with Fiserv, which we believe brings significant value to both of our customers. Boss Revolution customers will have access to secure and convenient CheckFreePay walk-in bill payment capabilities, and we expect that the availability of the Boss Revolution service in high-traffic CheckFreePay agent locations will drive long-term growth,” said Jonathan E. Nierenberg, Senior Vice President of Global Services Business Development for IDT.

Boss Revolution, the flagship IDT payment platform, provides a suite of prepaid services including Boss Revolution PIN-less, a leading international calling service that allows users to call their families and friends overseas conveniently and affordably. Customers can also purchase and activate international and domestic mobile top-up products over the Boss Revolution platform.

CheckFreePay is a leader in the walk-in bill payment market, enabling consumers to pay bills from more than 3,000 companies at more than 25,000 retail agent locations nationwide. CheckFreePay agents include supermarkets, drugstores and convenience stores, along with hundreds of independent and chain store retailers.

“Boss Revolution customers will now be able to pay a wide variety of bills, including utility bills, mobile phone bills and credit card bills, with the majority of payments delivered in real time or the next business day,” said Sean Dingwall, Vice President, CheckFreePay. “Offering Boss Revolution and CheckFreePay as complementary services at strategic agent locations will enable us to better serve our customers, many of whom are unbanked or underbanked, or simply prefer to conduct transactions in person.”

About IDT Corporation

IDT Corporation (NYSE: IDT) through its IDT Telecom division, provides telecommunications and payment services. IDT Telecom’s retail products, including those offered through its flagship Boss Revolution payment platform, allow people to communicate and share financial resources around the world. IDT Telecom’s Carrier Services business is a global leader in wholesale voice termination. For more information, visit www.idt.net.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.

Investor Relations:
IDT Corporation
Bill Ulrey, 973-438-3838
invest@idt.net
or
Fiserv
Ann Cave, 678-375-4039
Director, Public Relations
ann.cave@fiserv.com