IDT News & Events

net2phone introduced an enhanced communications solution for the hospitality industry.net2phone's cloud-native voice, video, and messaging capabilities synchronize in real time with many popular property management system platforms for unified reporting and streamlined workflows.

The company said, "A new federal excise tax on international money transfers funded with cash, money orders, or cashier's checks went into effect on January 1, 2026. The cost of this tax, 1% of the amount transferred, will add up quickly for the millions of U.S. money transfer consumers who rely on international remittances to support loved ones overseas. Fortunately, the BOSS Money international money transfer app enables customers to avoid the tax. BOSS Money is the remittance and payments brand of IDT Corporation. Because the tax applies only to transfers paid with cash or similar instruments but not to transactions funded with a debit card or bank account, customers can use the BOSS Money app to send money abroad without paying this new tax."

As of January 31, 2026, the NRS retail network comprised approximately 38,900 active terminals nationwide, scanning purchases at approximately 33,500 independent retailers, including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers, predominantly serving urban consumers. Same-store sales increased 5.8% year-over-year. In the previous month, same-store sales increased 4.5% year-over-year. Same-store sales decreased 6.6% compared to the previous month. Same-store sales in December 2025 increased 1.2% compared to the previous month. For the three months ended January 31, 2026, same-store sales increased 4.3% compared to the corresponding three months a year ago. Units sold increased 2.9% year-over-year. In the previous month, units sold increased 1.7% year-over-year. Units sold decreased 2.2% compared to the previous month. Units sold in December 2025 decreased 0.4% compared to the previous month.

As of December 31, 2025, the NRS retail network comprised approximately 38,700 active terminals nationwide, scanning purchases at approximately 33,200 independent retailers, including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers, predominantly serving urban consumers.SALES: Same-store sales increased 4.5% year-over-year. In the previous month, same-store sales increased 3.8% year-over-year. Same-store sales increased 1.2% compared to the previous month. Same-store sales in November 2025 decreased 0.7% compared to the previous month. For the three months ended December 31, 2025, same-store sales increased 4.2% compared to the corresponding three months a year ago.