BOSS Money Reports Record Remittances to Moms for Mother's Day 2026

BOSS Money reported a record 49% increase in remittances for Mother's Day 2026 compared to last year.

Quiver AI Summary

BOSS Money, a money remittance service under IDT Corporation, reported a significant increase in remittances for Mother's Day 2026, with customers sending 49% more principal through 27% more transactions compared to the previous year. The surge, primarily facilitated by the BOSS Money and BOSS Revolution apps, highlights the company's growing appeal, especially in countries like Mexico, Guatemala, Honduras, and El Salvador. Michelle Rendo, VP of Marketing for BOSS Money, expressed gratitude for the trust customers placed in their service to connect families on this special occasion. BOSS Money is noted for providing reliable and affordable money transfer options to various global destinations and has recently been recognized as a top-rated app in its category.

Potential Positives

BOSS Money experienced a 49% increase in principal sent through its service during the week leading up to Mother's Day compared to the previous year, indicating strong customer growth and engagement.
The application received recognition as the top-rated money transfer app by FXC Intelligence, boasting a near-perfect rating of 4.9, reflecting high customer satisfaction.
87% of BOSS Money transfers during the Mother's Day period were made using its apps, showcasing the effectiveness and popularity of its digital platform.

Potential Negatives

Despite the positive increase in remittances and customer trust, the press release does not address potential underlying issues or challenges facing the company, such as compliance with regulations, which may deter investors.
The reliance on a specific holiday to drive significant remittance activity may indicate seasonality in revenue, raising concerns about sustainability and year-round performance.
No information is provided on how the company plans to maintain or improve service during potential future economic downturns that could impact customer spending.

FAQ

What was the increase in remittances for Mother's Day 2026?

BOSS Money reported a 49% increase in principal and a 27% increase in remittances compared to Mother's Day 2025.

Which countries did BOSS Money serve for Mother's Day?

BOSS Money served eight countries that celebrated Mother's Day, including Mexico, Guatemala, Honduras, and El Salvador.

What apps did customers use for sending money?

Customers primarily used the BOSS Money and BOSS Revolution apps for 87% of their transfers during the week leading up to Mother's Day.

What are the payout options available with BOSS Money?

BOSS Money offers various payout options, including bank deposits, cash pick-up, mobile wallets, and home delivery.

How highly rated is the BOSS Money app?

BOSS Money is recognized as the top-rated money transfer app, with a near-perfect 4.9 rating and over 110,000 five-star reviews.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$IDT Insider Trading Activity

$IDT insiders have traded $IDT stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.

Here’s a breakdown of recent trading of $IDT stock by insiders over the last 6 months:

MENACHEM ASH (EVP of Strategic&Legal Affairs) sold 20,000 shares for an estimated $1,020,000
MARCELO FISCHER (Chief Financial Officer) has made 0 purchases and 4 sales selling 13,570 shares for an estimated $698,597.
BILL PEREIRA (COO & President) sold 7,287 shares for an estimated $372,875
JOYCE J MASON (EVP and Corporate Secretary) has made 0 purchases and 3 sales selling 5,709 shares for an estimated $289,179.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$IDT Revenue

$IDT had revenues of $320.5M in Q2 2026. This is an increase of 5.66% from the same period in the prior year.

You can track IDT financials on Quiver Quantitative's IDT stock page.

You can access data on IDT stock through the Quiver Quantitative API.

$IDT Hedge Fund Activity

We have seen 96 institutional investors add shares of $IDT stock to their portfolio, and 107 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FIRST TRUST ADVISORS LP removed 592,356 shares (-92.2%) from their portfolio in Q4 2025, for an estimated $30,334,550
ACADIAN ASSET MANAGEMENT LLC removed 187,980 shares (-47.8%) from their portfolio in Q4 2025, for an estimated $9,626,455
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC removed 149,039 shares (-45.1%) from their portfolio in Q1 2026, for an estimated $7,317,814
ROYCE & ASSOCIATES LP added 142,387 shares (+474.9%) to their portfolio in Q4 2025, for an estimated $7,291,638
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 128,838 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $6,597,793
JACOBS LEVY EQUITY MANAGEMENT, INC added 123,453 shares (+73.0%) to their portfolio in Q4 2025, for an estimated $6,322,028
JANE STREET GROUP, LLC added 119,813 shares (+inf%) to their portfolio in Q4 2025, for an estimated $6,135,623

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Full Release

NEWARK, N.J., May 12, 2026 (GLOBE NEWSWIRE) -- BOSS Money , the international money remittance service of IDT Corporation (NYSE: IDT), today announced that its customers sent moms a record amount of principal and remittances using the BOSS Money and BOSS Revolution apps during the week leading up to and including Mother’s Day on May 10 ^th , 2026.

For the week ended May 10 ^th , 2026, BOSS Money digital customers sent 49% more principal via 27% more remittances than last year to the eight BOSS Money destination countries that celebrated Mother’s Day this past weekend, including Mexico, Guatemala, Honduras and El Salvador.

BOSS Money is a leading digital-first money remittance provider. 87% of all BOSS Money transfers during the week leading up to Mother’s Day were originated by customers using the trusted BOSS Money and BOSS Revolution apps.

“We are honored that so many new and returning customers entrusted BOSS Money to deliver their hard-earned money to mom this Mother’s Day,” said Michelle Rendo, BOSS Money’s VP of Marketing. “It is our privilege to help bring families closer together on mom’s special day.”

BOSS Money’s international remittance service provides affordable, reliable money transfers for residents of the U.S. to 50 popular destination countries in Latin America, the Caribbean, Africa, and South Asia.

In its most recent rankings, FXC Intelligence recognized BOSS Money as the top-rated money transfer app, with a near-perfect 4.9 rating. Across the Apple App Store and Google Play, BOSS Money has over 110,000 five-star reviews.

See a Spanish language sample of BOSS Money Mother’s Day campaign here .

Download the BOSS Money app on iOS or Android or visit bossmoney.com .

Stay connected and follow BOSS Money on Instagram, Facebook and TikTok @bossmoney.official.

*The rates of increase in principal and transactions for Mother’s Day 2026 compare the seven days leading up to and including Mother’s Day 2026 (May 4 ^th to 10 ^th ) to the comparable week in 2025 (May 5 ^th to 11 ^th ). For ‘destination countries that celebrated Mother’s Day,’ the rates of increase reflect transfers originated in the U.S. to the 8 destination countries served by BOSS Money that celebrated Mother’s Day during the weeks ended Sunday, May 10 ^th , 2026, and Sunday, May 11 ^th , 2025.

ABOUT BOSS MONEY
BOSS Money’s rapidly expanding international remittance service provides fast, secure and reliable money transfers for residents of the U.S. to popular destination countries in Latin America, the Caribbean, Africa, and South Asia. BOSS Money offers a robust menu of payout options, including bank deposits, cash pick-up, mobile wallets, direct-to-debit, and home delivery. Customers can remit funds through the highly rated BOSS Money and BOSS Revolution apps, WhatsApp or through licensed BOSS Money retailers. BOSS Money is the remittance and payments brand of IDT Corporation (NYSE: IDT).

ABOUT IDT CORPORATION
IDT Corporation (NYSE: IDT) is a global provider of fintech and communications services through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT’s fintech and neo-banking services include BOSS Money , a popular international remittance business, as well as other services that make saving, spending, and sharing money easy and secure; IDT Digital Payments and BOSS Revolution Calling make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

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.

Contact :
Bill Ulrey
IDT Investor Relations
Phone: (973) 438-3838
E-mail: [email protected]

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