IDT Corp. and Fiserv have entered into an agreement that will expand IDT's Boss Revolution international calling service and the CheckFreePay walk-in bill payment service from Fiserv.
Retailers of the IDT Boss Revolution payment platform will be able to offer the CheckFreePay walk-in bill payment services to their customers, while CheckFreePay agents will offer the boss Revolution PIN-less international calling service.
"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, in a release. "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."
Through its IDT Telecom division IDT provides telecom and payment services—enabling people to share financial resources across borders. CheckFreePay allows consumers to pay bills from more than 3,000 companies at more than 25,000 retail agents, such as supermarkets, drugstores, convenience stores as well as independent and chain store retailers.
Other companies, including Western Union, have been expanding remittance partnerships recently, as large banks and card networks focus on increasing share in the unbanked segment—both in the U.S. and overseas.