Transfers Directly to Accounts at China’s Leading Banks NEWARK, NJ – July 28, 2015: IDT Corporation (NYSE: IDT) announced
today that U.S.-based customers of its Boss Revolution international money
transfer service can now send money to family and friends in the People’s
Republic of China.
Boss Revolution customers can send up to US $10,000 from any
Boss Revolution retail money transfer agent in the U.S. for deposit within 24
to 48 hours in Chinese Yuan Renminbi denominated accounts at many of China’s
largest banks. Additionally, Boss Revolution notifies the intended recipient
and verifies their account information to insure timely, trouble-free delivery.
“We are very pleased to expand our money transfer service to
China,” said Alfredo O’Hagan, IDT Corporation’s Senior Vice President for
Consumer Payments. “Boss Revolution offers
a convenient, reliable and affordable way to send money throughout China through
our extensive network of participating Chinese banks.”
Twenty-seven banks are now accepting deposits for their
customers from Boss Revolution’s money transfer service. They are the Agricultural Bank of China, Bank
of Beijing, Bank of China, Bank of Communications, Bank of Hangzhou, Bank of
Jiangsu, Bank of Kunlun, Bank of Nanjing, Bank of Ningbo, Bank of Shanghai,
Bohai Bank, China CITIC Bank, China Construction Bank, China Everbright
Limited, China Merchants Bank, China Minsheng Banking Corp, China Zheshang
Bank, Dalian Bank, Evergrowing Bank, Guangdong Development Bank, Hua Xia Bank,
Industrial and Commercial Bank of China, Industrial Bank (Fujian), Ping An
Bank, Postal Savings Bank of China, Shanghai Pudong Development Bank and
Shenzhen City Commercial Bank.
The Boss Revolution money transfer disbursement network is
comprised of over 67,000 locations in 44 countries around the world. To learn more about Boss Revolution money
transfer, visit https://www.bossrevolution.com/services/money-transfer.
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About IDT Corporation:
IDT
Corporation (NYSE: IDT), through
its IDT Telecom division, provides retail communications and payment services
to foreign born communities, the under-banked and small businesses primarily
through its flagship Boss Revolution platform. IDT Telecom’s wholesale business is a leading
global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular
eponymous app for mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.
All statements above
that are not purely about historical facts, including, but not limited to,
those in which we use the words “believe,” “anticipate,” “expect,” “plan,”
“intend,” “estimate, “target” and similar expressions, are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. While these forward-looking statements represent our current judgment
of what may happen in the future, actual results may differ materially from the
results expressed or implied by these statements due to numerous important
factors. Our filings with the SEC
provide detailed information on such statements and risks, and should be
consulted along with this release. To the extent permitted under applicable
law, IDT assumes no obligation to update any forward-looking statements.
IDT CORPORATION CONTACT:
Bill Ulrey
Phone: (973) 438-3838
E-mail: invest@idt.net |