KT, the South Korean WiBro service provider announced the launch of WIBRO CheckLine, the first commercial service combining WiBro with M2M or Machine to Machine.
WIBRO CheckLine proceeds with credit card payment five times faster than the conventional system using a telephone line, saving customers the time for waiting, according to KT. Customers can use the payment service over 3 million times by paying 10,000 won ($ 7.4) a month, which is much cheaper than the existing service charging 39 won (about 2.9 cents) per each payment.
The WiBro CheckLine terminal is in the form of an external modem and simply attached to card readers. Card reader vendors (VAN) provide stores with necessary guides and installation service. KT plans to roll out a WiBro-embedded card reader enabled with banking services early next year.
In November, KT embarked on KT WIBRO Biz Alliance to create new business opportunities by integrating WiBro with a variety of services and working on the development of WiBRo Bus Internet Café and WiBro Kiosk.
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